The Pennsylvania property tax system is managed by elected tax collectors who act as receiving agents for various tax entities, such as the local municipality (Doylestown district), the county government (Bucks), and the school district (Central Bucks). Each of these entities has its own property tax rate, known as Millage, which is set annually. The municipality and the school district also share an equal 1% local earned income tax, which is collected by Keystone Collections Group and not by the local tax collector. Property appraisals are established by the Bucks County Appraisal Board and not by the municipality.
Tax bills should not be submitted to the municipality. Solebury Township currently has one of the lowest overall real estate tax rates in the county. For a list of Bucks County mileage rates, click here.The Local Economic Revitalization Tax Assistance Program (LERTA) provides a gradual reduction in real estate taxes for businesses that make improvements to properties in the LERTA district. The Bucks County Evaluation Board uses an evaluation rate formula (currently 4.4%) determined by the Pennsylvania State Tax Equalization Board.
The assessed value of your parcel can be found on the Bucks County Appraisal Board's property records website. At the end of the reduction period, the owner pays the full amount of taxes due for the improved property. Businesses and residents of Bucks County are taxed at the local level (municipal, county, 26% school district), the State of Pennsylvania, and the federal government. The Bucks County Appraisal Board is responsible for determining the assessed value of each property. Personal property taxes, business use taxes, and some other taxes a municipality collects from businesses and individuals are calculated in a variety of ways.
Municipal landlords are subject to real estate taxes based on the assessed value of their property. There are special tax incentives for businesses moving or expanding in key opportunity zones (KOZs), the Bucks County business zone, or an LERTA tax reduction district. KOZs reflect a true sense of partnership between state and local tax agencies, school districts, economic development agencies, and community organizations to eliminate specific state and local taxes in specific underdeveloped and underutilized areas. Pennsylvania communities are experiencing economic growth and investment. Mileage rates are often found in personal property taxes, where the expressed mileage rate is multiplied by the total taxable value of the property to calculate the property taxes owed. Real estate taxes are determined by multiplying the tax rate set by the tax authority (local government, county government, or school board) by the appraisal (appraisal performed by the Bucks County appraisal board) for the property in question. The Bucks County Economic Development Corporation (BCEDC) is a nonprofit, non-political economic development organization established in 1958 to support economic growth in Bucks County.