Gwynedd Valley, Pennsylvania Property Taxes
The median property tax rate in Gwynedd Valley, PA is 2.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gwynedd Valley, the typical annual property tax bill reaches $10,785, exceeding the national median of $2,690. Property taxes in Gwynedd Valley 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 Gwynedd Valley'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 Gwynedd Valley 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
Gwynedd Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$10,785
Ownwell’s Gwynedd Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gwynedd Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gwynedd Valley 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 Gwynedd Valley, Pennsylvania
Property taxes in Gwynedd Valley, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gwynedd Valley is 1.35%, which is significantly higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Gwynedd Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gwynedd Valley 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 Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19437 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Gwynedd Valley 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 Valley 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 Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Gwynedd Valley, Pennsylvania
In Gwynedd Valley, 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 Montgomery County 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 Gwynedd Valley, 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 Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 19437 has the highest median tax bill at $10,785, while the lowest median tax bill is also in the same zip code at $10,785.
Property Tax Assessment Values Across Gwynedd Valley, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Gwynedd Valley Assessed Value
$381,095
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 Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | $272,951 | $330,740 | $381,095 | $488,495 | $720,487 |
Source: Ownwell
Property Tax Bills Across Gwynedd Valley, Pennsylvania
In Gwynedd Valley, Montgomery County, PA, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the county's property assessment office and is a percentage of the market value. The tax rate, or millage rate, is then applied to the assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Gwynedd Valley experience varying tax bills, with the 25th percentile paying around $9,360, while those in the 75th percentile face bills up to $13,824. The 90th percentile sees even higher bills at approximately $20,390. These property taxes significantly impact homeowners, contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Gwynedd Valley's rates can be higher, reflecting the community's investment in quality public amenities and services.
Average Gwynedd Valley Tax Bill
$10,785
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 Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | $7,927 | $9,360 | $10,785 | $13,824 | $20,390 |
Source: Ownwell