But as Bucks County property tax attorneys, we’re here to talk about another tax-related deadline: August 1. That’s the last day for Bucks County property owners to appeal their property tax assessment.
Pennsylvania property taxes are based on two factors: the value of your home/commercial property as determined by your county assessment office, and the local property tax rates, which are set by your county, school district and municipality.
The assessed value is a percentage of what your home/property would sell for. To decide what you would owe, government bodies multiply the assessed value by the tax rate. So if you live in a home with an assessed value of $200,000 and the tax rate is $10 for every $1,000 of taxable value, you’ll pay a $2,000 bill.