Gladwyne, Pennsylvania Property Taxes
The median property tax rate in Gladwyne, PA is 4.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gladwyne at $449,905, the typical annual property tax bill reaches $17,984, significantly exceeding the national median of $2,690. Property taxes in Gladwyne are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gladwyne'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 Gladwyne 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
Gladwyne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4%
Estimate Property Tax Bill
$17,996
Ownwell’s Gladwyne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladwyne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladwyne 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 Gladwyne, Pennsylvania
Property taxes in Gladwyne, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladwyne is 4.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Gladwyne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladwyne 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 Gladwyne's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19035 has the highest median property tax rate of 4.00%, while the same zip code also has the lowest median tax rate of 4.00%. Understanding how these cities compare with Gladwyne 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 Gladwyne 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 Gladwyne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19035 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Gladwyne, Pennsylvania
In Gladwyne, 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 Gladwyne, 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 Gladwyne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Gladwyne is $17,984 in the 19035 zip code, while the lowest median tax bill is also $17,984 in the same zip code.
Average Gladwyne Assessed Value
$449,905
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 Gladwyne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19035 | $223,444 | $317,622 | $449,905 | $657,520 | $1,035,455 |
Source: Ownwell
Property Tax Bills Across Gladwyne, Pennsylvania
Property tax bills in Gladwyne, Montgomery County, PA, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value. For instance, a home with a median price of $449,905 will have its tax bill calculated using this assessed value. Various factors influence the tax bill, including property size, location, and any improvements made to the property. In Gladwyne, homeowners experience a wide range of property tax bills. The 25th percentile tax bill is around $12,684, while the 75th percentile reaches $26,195, and the 90th percentile can soar to $41,153. These figures highlight the significant impact property taxes can have on household budgets. Compared to the national median property tax rate of 0.99%, Gladwyne's property tax bills can be considerably higher, reflecting the area's property values and local tax policies. Understanding these factors can help homeowners better anticipate their annual tax obligations.
Average Gladwyne Tax Bill
$17,984
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladwyne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19035 | $8,932 | $12,684 | $17,984 | $26,195 | $41,153 |
Source: Ownwell