Lumberville, Bucks County, Pennsylvania Property Taxes
Median Lumberville, PA effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Lumberville, PA home value: $578,244
Median annual Lumberville, PA tax bill: $8,669, $6,269 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks calculated?
Property taxes in Lumberville, 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 Lumberville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lumberville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lumberville, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.54%
Estimate Property Tax Bill
$8,905
$8,264
Property Tax Rates Across Lumberville, Bucks County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. This variability occurs 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, this is the annual process in a nutshell.
Lumberville in Bucks County, PA, presents an interesting case with a median property tax rate of 1.50%, notably higher than the national median of 1.02%. This rate is consistent across the county, showcasing a uniformity not often seen. Such a rate can significantly impact property tax bills, especially when compared to the national median property tax bill of $2400. Understanding these rates can help homeowners make informed decisions about property investments and financial planning. Comparing Lumberville's effective property tax rate to other cities in Pennsylvania and the median property tax rates in the state and the U.S. can provide valuable insights for both current and prospective property owners.
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 Lumberville Tax Rate
1.54%
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 Lumberville, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18933 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Lumberville, Bucks County, Pennsylvania
When examining property taxes in Lumberville, 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 May. 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 Lumberville. For example, the median home price in Lumberville is $578,244, with tax bills ranging significantly across the county. Zip code 18933 has the highest median home price at $578,244.
Property Tax Assessment Values Across Lumberville, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,213
$685,957
Median Lumberville Market Value
$578,244
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 Lumberville, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18933 | $360,851 | $455,213 | $578,244 | $778,298 | $931,117 |
Source: Ownwell
Property Tax Bills Across Lumberville, Bucks County, Pennsylvania
In LUMBERVILLE, located in Bucks County, PA, property tax bills are determined by assessing the property's market value and applying the local tax rate. This assessment considers factors such as the property's size, location, and condition. Homeowners in this area face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile bill at $6,635 and the 75th percentile at $11,444. This places a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
The financial impact on homeowners can be substantial, making it crucial to ensure that their property is assessed fairly. This is where Ownwell can assist. By providing property tax appeal services, Ownwell helps homeowners potentially lower their tax bills by ensuring their property's assessed value is accurate and not overestimated. With expertise in navigating the appeals process, Ownwell can help homeowners secure savings, alleviating the financial strain of high property taxes in LUMBERVILLE.
Median Lumberville Tax Bill
$9,077
Median Bucks County Tax Bill
$5,735
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Lumberville, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18933 | $5,565 | $6,906 | $9,077 | $12,131 | $14,333 |
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 |