Fruitville, Pennsylvania Property Taxes
The median property tax rate in Fruitville, PA is 3.69%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Fruitville at $115,300, the typical annual property tax bill reaches $4,946, exceeding the national median of $2,690. Property taxes in Fruitville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fruitville'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 Fruitville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fruitville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$4,255
Ownwell’s Fruitville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruitville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruitville 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 Fruitville, Pennsylvania
Property taxes in Fruitville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruitville is 2.12%, higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Fruitville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fruitville 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 Fruitville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19473 zip code has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these areas compare with Fruitville 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 Fruitville Tax Rate
3.69%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruitville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | 3.69% | 3.69% | 3.69% | 3.99% | 4.17% |
Source: Ownwell
Property Tax Assessment Values Across Fruitville, Pennsylvania
In Fruitville, 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 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 Fruitville, 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. In Fruitville, the zip code with the highest median tax bill is 19473, at $4,946. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fruitville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Fruitville Assessed Value
$115,300
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 Fruitville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | $115,012 | $115,120 | $115,300 | $136,705 | $149,548 |
Source: Ownwell
Property Tax Bills Across Fruitville, Pennsylvania
In Fruitville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $115,300, homeowners in Fruitville can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, market trends and comparable property sales in the area play a significant role. Homeowners in Fruitville experience tax bills ranging from the 25th percentile at $4,593 to the 90th percentile at $5,656, with the highest median tax bill in the region being $4,946. Compared to the national median property tax rate of 0.99%, Fruitville's property taxes can be relatively high, impacting homeowners' annual expenses significantly. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Fruitville Tax Bill
$4,946
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruitville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | $4,381 | $4,593 | $4,946 | $5,390 | $5,656 |
Source: Ownwell