Jenkintown, Pennsylvania Property Taxes
The median property tax rate in Jenkintown, PA is 4.44%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $154,020 in Jenkintown, the typical annual property tax bill reaches $7,568, far exceeding the national median of $2,690. Property taxes in Jenkintown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jenkintown'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 Jenkintown or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jenkintown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.44%
Estimate Property Tax Bill
$6,838
Ownwell’s Jenkintown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jenkintown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jenkintown 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 Montgomery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jenkintown, Pennsylvania
Property taxes in Jenkintown, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jenkintown is 4.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jenkintown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jenkintown 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 Jenkintown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19046 zip code has the highest median property tax rate of 4.44%, while the same zip code also has the lowest median tax rate of 4.44%. Understanding how these cities compare with Jenkintown 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 Jenkintown Tax Rate
4.44%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jenkintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | 4.44% | 4.44% | 4.44% | 6.05% | 6.05% |
Source: Ownwell
Property Tax Assessment Values Across Jenkintown, Pennsylvania
In Jenkintown, 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 Jenkintown, 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 Jenkintown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $7,568, found in zip code 19046, while the lowest is the same at $7,568, also in zip code 19046.
Property Tax Assessment Values Across Jenkintown, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Jenkintown Assessed Value
$154,020
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 Jenkintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $80,660 | $112,510 | $154,020 | $228,390 | $328,992 |
Source: Ownwell
Property Tax Bills Across Jenkintown, Pennsylvania
In Jenkintown, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $154,020, which serves as a baseline for determining property taxes. The tax bill can vary significantly, with homeowners in the 25th percentile paying around $5,400 annually, while those in the 75th percentile see bills closer to $10,800. For the top 10% of homeowners, property tax bills can reach as high as $15,315. Several factors influence these variations, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. When compared to the national median property tax rate of 0.99%, Jenkintown's tax rates can be relatively high, impacting the overall affordability for homeowners. The highest median tax bill in the area is $7,568, found in zip code 19046, which underscores the importance of understanding local property tax dynamics for budgeting and financial planning.
Average Jenkintown Tax Bill
$7,568
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jenkintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $4,301 | $5,400 | $7,568 | $10,800 | $15,315 |
Source: Ownwell