Souderton, Bucks County, Pennsylvania Property Taxes
Median Souderton, 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 Souderton, PA home value: $354,680. Median annual Souderton, PA tax bill: $5,650, $3,250 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks County calculated?
Property taxes in Souderton, 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 Souderton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Souderton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Souderton, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.59%
Estimate Property Tax Bill
$5,639
$5,233
Property Tax Rates Across Souderton, Bucks County, Pennsylvania
Local government entities set property tax rates, which can vary significantly within a state. This variation stems from each county's annual budget estimation process. Counties determine their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although there are votes and regulations involved in setting these rates and budgets, this is the core of the annual process.
In Souderton, located in Bucks County, PA, the effective property tax rate reflects this budgeting process. When compared to other cities in Pennsylvania and the national average, Souderton's rate offers a unique perspective on how local needs and property values influence tax obligations. Understanding these differences can be crucial for property owners evaluating their tax liabilities. By comparing Souderton's effective property tax rate to the median rates in Pennsylvania and across the U.S., homeowners can gain insight into how their community's tax rate fits into the broader landscape.
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 Souderton Tax Rate
1.59%
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
1.91%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Souderton, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18964 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Souderton, Bucks County, Pennsylvania
When examining property taxes in Souderton, 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 Souderton. For example, the median home price in Souderton is $354,680, with tax bills ranging significantly across the county. Zip code 18964 has the highest median home price at $354,680.
Property Tax Assessment Values Across Souderton, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,665
$686,862
Median Souderton Market Value
$354,680
Median Bucks County Market Value
$300,000
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Souderton, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18964 | $224,255 | $281,915 | $354,680 | $503,085 | $646,063 |
Source: Ownwell
Property Tax Bills Across Souderton, Bucks County, Pennsylvania
Median Souderton Tax Bill
$5,650
Median Bucks County Tax Bill
$5,548
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Souderton, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18964 | $3,572 | $4,609 | $5,650 | $8,029 | $10,282 |
Source: Ownwell