East Norriton, Pennsylvania Property Taxes
The median property tax rate in East Norriton, PA, is 4.66%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value in East Norriton of $144,330, the typical annual property tax bill reaches $6,720, far exceeding the national median of $2,690. Property taxes in East Norriton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Norriton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Norriton 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
East Norriton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.66%
Estimate Property Tax Bill
$6,726
Ownwell’s East Norriton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in East Norriton with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in East Norriton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Montgomery County for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across East Norriton, Pennsylvania
Property taxes in East Norriton, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in East Norriton is 4.66%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Norriton set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Norriton 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 East Norriton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19401 zip code has the highest median property tax rate of 4.66%, while the same zip code also has the lowest median tax rate of 4.66%. Understanding how these cities compare with East Norriton 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 East Norriton Tax Rate
4.66%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19401 | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% |
Source: Ownwell
Property Tax Assessment Values Across East Norriton, Pennsylvania
In East Norriton, PA, 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 local appraisal district 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 East Norriton, 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 East Norriton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19401 has both the highest and lowest median tax bill at $6,720.
Property Tax Assessment Values Across East Norriton, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average East Norriton Assessed Value
$144,330
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 East Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19401 | $114,192 | $126,810 | $144,330 | $173,035 | $179,956 |
Source: Ownwell
Property Tax Bills Across East Norriton, Pennsylvania
Property tax bills in East Norriton, Montgomery County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. In East Norriton, the median home price is $144,330. Homeowners in this area experience a wide range of tax bills, with the 25th percentile at $5,904 and the 75th percentile at $8,056. The tax bill can go as high as $8,378 for the 90th percentile. These property tax rates are notably higher than the national median property tax rate of 0.99%. Higher property tax bills can significantly impact homeowners, affecting their monthly mortgage payments and overall housing affordability. Understanding how property tax bills are calculated can help homeowners better anticipate their financial obligations and plan accordingly.
Average East Norriton Tax Bill
$6,720
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19401 | $5,317 | $5,904 | $6,720 | $8,056 | $8,378 |
Source: Ownwell