Chalfont, Bucks County, Pennsylvania Property Taxes
Median Chalfont, PA effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Chalfont, PA home value: $364,255
Median annual Chalfont, PA tax bill: $5,830, $3,430 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks County calculated?
Property taxes in Chalfont, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Chalfont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chalfont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chalfont, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.63%
Estimate Property Tax Bill
$5,896
$5,471
Property Tax Rates Across Chalfont, Bucks County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Chalfont’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
Chalfont, located in Bucks County, has a median property tax rate of 1.59%, which stands above the national median of 1.02%. This indicates that homeowners in Chalfont face a higher tax rate compared to the national average. However, when compared to the broader spectrum within Pennsylvania, Chalfont’s rate is consistent, aligning with both the highest and lowest median rates in the state. This consistency can provide a sense of predictability for homeowners in the area. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chalfont Tax Rate
1.63%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bucks County Tax Rate
1.98%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chalfont, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18914 | 1.63% | 1.63% | 1.63% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Chalfont, Bucks County, Pennsylvania
When examining property taxes in Chalfont, Pennsylvania, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bucks County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bucks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chalfont.
For example, the median home price in Chalfont is $364,255, with tax bills ranging significantly across the county. Zip code 18914 has the highest median home price at $364,255.
Property Tax Assessment Values Across Chalfont, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,213
$685,957
Median Chalfont Market Value
$361,702
Median Bucks County Market Value
$298,404
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chalfont, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18914 | $225,042 | $279,149 | $361,702 | $468,085 | $582,553 |
Source: Ownwell
Property Tax Bills Across Chalfont, Bucks County, Pennsylvania
Median Chalfont Tax Bill
$6,102
Median Bucks County Tax Bill
$5,735
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Chalfont, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18914 | $3,813 | $4,691 | $6,102 | $7,893 | $10,080 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Bucks Tax Assessor | |
| Website | www.buckscountyboa.org |