Gwynedd, Pennsylvania Property Taxes
The median property tax rate in Gwynedd, PA is 2.83%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gwynedd at $464,715, the typical annual property tax bill reaches $13,150, far exceeding the national median of $2,690. Property taxes in Gwynedd are based on the assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. Understanding Gwynedd'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 Gwynedd or another part of Montgomery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gwynedd, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$13,151
Ownwell’s Gwynedd Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Gwynedd. With just two data points, you can enter your property's estimated assessed value, and the calculator will apply the median tax rate in Gwynedd to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, includes any applicable exemptions, ensuring an accurate tax calculation.
Property Tax Rates Across Gwynedd, Pennsylvania
Property taxes in Gwynedd, PA, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gwynedd is 1.52%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Gwynedd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gwynedd 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 Gwynedd's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19454 has the highest median property tax rate of 1.52%, while zip code 19436 has the lowest median tax rate of 1.52%. Understanding how these areas compare with Gwynedd 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 Gwynedd Tax Rate
2.83%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19436 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
| 19454 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Gwynedd, Pennsylvania
In Gwynedd, Pennsylvania, understanding the distinction between "market value" and "assessed value" is essential for grasping 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 assessment office for tax purposes. Conversely, 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 Gwynedd, 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 Gwynedd helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill is 19454 at $14,864, while the lowest is 19436 at $10,286.
Average Gwynedd Assessed Value
$464,715
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 Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19436 | $190,825 | $264,512 | $363,470 | $488,732 | $609,769 |
| 19454 | $251,327 | $270,195 | $525,230 | $697,425 | $902,042 |
Source: Ownwell
Property Tax Bills Across Gwynedd, Pennsylvania
In Gwynedd, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county and reflects a percentage of the property's market value. Homeowners in Gwynedd face varying tax bills depending on their property's value and location within Montgomery County. For instance, the median home price in Gwynedd is $464,715, which can result in substantial tax obligations. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in the 25th percentile see tax bills around $7,648, while those in the 75th percentile face bills up to $19,578. The highest median tax bill in the county is $14,864 in the 19454 zip code, whereas the lowest is $10,286 in the 19436 zip code. These property tax obligations significantly impact homeowners, requiring careful financial planning to manage annual payments. Compared to the national median property tax rate of 0.99%, Gwynedd's rates highlight the importance of understanding local tax dynamics.
Average Gwynedd Tax Bill
$13,150
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19436 | $5,400 | $7,485 | $10,286 | $13,830 | $17,255 |
| 19454 | $7,113 | $7,648 | $14,864 | $19,736 | $25,528 |
Source: Ownwell