Taxes & Insurance in New Hope
New Hope applies a real, comparatively moderate combined local EIT alongside Bucks County's own distinctive, comparatively high effective property tax rate -- both disclosed precisely rather than flattened to a single 'Pennsylvania has local tax' statement.
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Learn moreA combined 1% local Earned Income Tax, collected by Keystone Collections Group
New Hope Borough and the New Hope-Solebury School District each levy a real, current 0.5% EIT, for a combined 1% local rate -- collected by Keystone Collections Group (this record's dedicated search confirmed Keystone, not Berkheimer). Individuals earning under $5,000/year total from all sources are exempt.
Pennsylvania's flat 3.07% state income tax layers on top
Pennsylvania's real, stable flat 3.07% state income tax rate applies on top of the combined 1% local EIT, for a real combined approximate marginal rate of 4.07%.
Bucks County's distinctive 1972-base-year property assessment mechanic
Bucks County still assesses homes on 1972 base-year values; nominal millage (New Hope-Solebury School District alone runs 120.5104 mills, with a combined nominal millage of approximately 176.0706 mills) is applied to those decades-old assessed values and translated via a Common Level Ratio (~5.6% for 2026) to approximate real market value. Bucks County's own median EFFECTIVE property tax rate, already normalized for this mechanic, ran a real, comparatively elevated 1.98% (Ownwell, 2026) -- among the higher county-level effective rates documented in this project's Pennsylvania coverage.
Confirm flood insurance separately given New Hope's direct river frontage
New Hope shares Pennsylvania's own statewide homeowners-insurance profile (no documented statewide crisis, premiums running $851-$1,893/year depending on source), but its real, direct Delaware River frontage means flood insurance is a real, separate consideration worth confirming directly for any target property.
Key takeaways
- A combined 1% local EIT (0.5% borough + 0.5% school district) is collected by Keystone Collections Group.
- Pennsylvania's flat 3.07% state income tax applies on top, for a ~4.07% combined approximate marginal rate.
- Bucks County's distinctive 1972-assessment mechanic produces a real, comparatively elevated 1.98% median effective property tax rate.
- New Hope's direct Delaware River frontage makes flood insurance a real, separate consideration to confirm.
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