We get a tremendous value for our taxes here in Northampton Township. Please take the time to review the above budget.
What is ‘Millage Rate’ (Not to be confused with Mileage Rate.)
The millage rate is the amount per $1,000 of property value that is used to calculate local property taxes. Assigned millage rates are multiplied by the total taxable value of the property in order to arrive at the property taxes. Taxing Authorities also use millage rates to calculate local taxes to be collected based on a derivation of the total property value within school district boundaries.
A home’s tax-assessed value is a percentage of its market value. The millage rate has an impact on the property’s tax-assessed value.
Current Property Millage (Tax) Rates are set by school districts, municipalities and the county. Property tax rates in Pennsylvania are referred to as millage rates, and they are figured in mills. One mill is equal to 1/1,000 of a dollar.
BELOW IS AN EXAMPLE ONLY (NOT YOUR TAXES)!!!
To calculate your new 2020 Bucks County Real Estate tax bill:
2019 BUCKS COUNTY Millage of 24.45 and property assessment of 60400 computes as follows – 24.4500 x .001 X 60400 (example only) = $1,476.78.
- YOUR NEW 2020 BUCKS COUNTY Millage rate is 25.4500 and property assessment of 60400 computes as follows –
25.450 x .001 X 60400 = $ 1,537.80
To calculate your new 2020 Northampton Township Real Estate tax bill:
2019 Northampton Township 14.9111 and property assessment of 60400 computes as follows – 14.9111 x .001 X 60400 = $900.63.
- If YOUR NEW 2020 Northampton Township Millage rate is 18.5111 and property assessment of 60400 computes as follows –
18.5111 x .001 X 60400= $ 1,118.07
NORTHAMPTON MILLAGE SUMMERY
BUCKS COUNTY MILLAGE SUMMERY