Green Lane, Bucks County, Pennsylvania Property Taxes
Median Green Lane, PA effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Green Lane, PA home value: $349,202
Median annual Green Lane, PA tax bill: $5,845, $3,445 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks County calculated?
Property taxes in Green Lane, 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 Green Lane’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Green Lane, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Green Lane, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.6%
Estimate Property Tax Bill
$5,583
$5,181
Property Tax Rates Across Green Lane, Bucks County, Pennsylvania
Local government entities determine tax rates, which can vary significantly across a state. This is because each county annually estimates its budget needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation to set tax rates and budgets, this is the core of the annual procedure.
In Green Lane, located in Bucks County, PA, the effective property tax rate is 1.58%, which is notably higher than the national median property tax rate of 1.02%. This places Green Lane among the areas with higher property tax rates in the state. Residents here face a larger tax burden compared to the national average, which can impact housing affordability and property investment decisions.
Comparing Green Lane’s rate to other cities in Pennsylvania and the national median highlights the importance of understanding local tax dynamics. It underscores the need for property owners to stay informed and consider professional assistance for potential tax appeals and exemptions to ensure they are not overpaying on their property taxes.
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 Green Lane Tax Rate
1.60%
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 Green Lane, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18054 | 1.60% | 1.60% | 1.60% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Green Lane, Bucks County, Pennsylvania
When examining property taxes in Green Lane, PA, 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 Green Lane. For example, the median home price in Green Lane is $349,202, with tax bills ranging significantly across the county. Zip code 18054 has the highest median home price at $349,202.
Property Tax Assessment Values Across Green Lane, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,213
$685,957
Median Green Lane Market Value
$348,936
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 Green Lane, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18054 | $187,234 | $265,957 | $348,936 | $449,042 | $547,426 |
Source: Ownwell
Property Tax Bills Across Green Lane, Bucks County, Pennsylvania
Median Green Lane Tax Bill
$6,030
Median Bucks County Tax Bill
$5,735
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Green Lane, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18054 | $3,314 | $4,691 | $6,030 | $7,712 | $9,711 |
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 |