Pennsburg, Bucks County, Pennsylvania Property Taxes
Median Pennsburg, PA effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Pennsburg, PA home value: $321,808
Median annual Pennsburg, PA tax bill: $6,040, $3,640 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks County calculated?
Property taxes in Pennsburg, 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 Pennsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pennsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pennsburg, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.9%
Estimate Property Tax Bill
$6,084
$5,646
Property Tax Rates Across Pennsburg, Bucks County, Pennsylvania
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation is due to each county's annual estimation of their budgetary needs to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction to determine the property tax rate. Although votes and regulations play a role in the establishment of tax rates and budgets, this is the core process followed each year.
In Pennsburg, located in Bucks County, the effective property tax rate stands at 1.88%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Pennsylvania, Pennsburg’s rate is consistent with the highest and lowest median tax rates in the state, both of which are also 1.88%. This comparison highlights the relatively uniform property tax rate within this region. Understanding these rates can help property owners in Pennsburg make informed decisions about their property tax obligations in relation to both state and national contexts.
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 Pennsburg Tax Rate
1.90%
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 Pennsburg, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Pennsburg, Bucks County, Pennsylvania
When examining property taxes in Pennsburg, 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 Pennsburg.
For example, the median home price in Pennsburg is $321,808, with tax bills ranging significantly across the county. Zip code 18073 has the highest median home price at $321,808.
Property Tax Assessment Values Across Pennsburg, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,213
$685,957
Median Pennsburg Market Value
$320,213
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 Pennsburg, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | $177,447 | $235,638 | $320,213 | $441,596 | $562,128 |
Source: Ownwell
Property Tax Bills Across Pennsburg, Bucks County, Pennsylvania
Median Pennsburg Tax Bill
$6,108
Median Bucks County Tax Bill
$5,735
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Pennsburg, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | $3,519 | $4,632 | $6,108 | $8,767 | $10,579 |
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 |