Ardmore, Pennsylvania Property Taxes
The median property tax rate in Ardmore, PA is 4.00%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $133,090 in Ardmore, the typical annual property tax bill reaches $5,326, far exceeding the national median of $2,690. Property taxes in Ardmore are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ardmore's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ardmore or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ardmore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4%
Estimate Property Tax Bill
$5,324
Ownwell’s Ardmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ardmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ardmore to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ardmore, Pennsylvania
Property taxes in Ardmore, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ardmore is 4.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ardmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ardmore estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ardmore's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19003 has both the highest and lowest median property tax rate of 4.00%. Understanding how these areas compare with Ardmore provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ardmore Tax Rate
4.00%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ardmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19003 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Ardmore, Pennsylvania
In Ardmore, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Montgomery County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ardmore, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ardmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 19003, with a tax bill of $5,326, which is also the lowest median tax bill in the area.
Average Ardmore Assessed Value
$133,090
Average Montgomery County Assessed Value
$143,105
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ardmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19003 | $70,006 | $92,305 | $133,090 | $195,715 | $330,072 |
Source: Ownwell
Property Tax Bills Across Ardmore, Pennsylvania
In Ardmore, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The tax rate in this region is notably higher than the national median property tax rate of 0.99%. For example, the median home price in Ardmore is $133,090, and the tax bills can vary significantly. Homeowners in the 25th percentile pay around $3,691, while those in the 75th percentile face bills of approximately $7,827. At the 90th percentile, the tax bills can soar to about $13,207. These figures highlight the substantial range in property tax obligations, influenced by the home's assessed value and the tax rate set by local authorities. This variability affects homeowners by impacting their annual financial commitments, making it essential for them to understand how their property is assessed and how local tax policies can influence their expenses. The highest and lowest median tax bills in Ardmore are both $5,326, indicating a relatively uniform tax burden across different properties.
Average Ardmore Tax Bill
$5,326
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ardmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19003 | $2,801 | $3,691 | $5,326 | $7,827 | $13,207 |
Source: Ownwell