According to Bucks County tax parcel data reviewed by the Bucks County Courier Times, a homeowner’s municipal tax bill can range from $35 to almost $1,600 — with the average coming in around $503. The tax rates are based on the average tax-assessed value of residential properties and current millage rates. A mill is a tax of $1 for every $1,000 of a property’s assessed value. The 10 municipalities with the highest average annual taxes include: Solebury ($1,599); New Britain Borough ($1,125); Northampton ($1,105); Warrington ($957); Lower Makefield ($954); Bristol Borough ($920); Morrisville Borough ($877); Newtown Borough ($744); Upper Southampton ($765); and Yardley ($748). The 10 lowest average homeowner property tax bills are in: Quakertown ($32); Trumbauersville ($57); Milford ($60); Richlandtown ($106); Bridgeton ($157); Telford ($167); Falls ($198); Haycock ($199); Buckingham ($208); and West Rockhill ($228). In other news, a recent housing market report for Bucks County has the median price of homes sold in October at $470,000, slightly lower than September but still 5% higher than the same time last year. The report points to a more balanced environment for buyers and sellers, according to Bucks County Association of Realtors president Stephanie Garomon.
Source: Bucks County Courier Times; 11/15/2024 & 11/18/2024