North Wales, Pennsylvania Property Taxes
The median property tax rate in North Wales, PA is 3.56%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in North Wales, the typical annual property tax bill reaches $5,285, exceeding the national median of $2,690. Property taxes in North Wales 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 North Wales'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 North Wales 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
North Wales, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.56%
Estimate Property Tax Bill
$5,271
Ownwell’s North Wales Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Wales with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Wales 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 North Wales, Pennsylvania
Property taxes in North Wales, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Wales is 1.56%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within North Wales set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Wales 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 North Wales's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19454 zip code has the highest median property tax rate of 1.56%, while the 19454 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with North Wales 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 North Wales Tax Rate
3.56%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Wales, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | 3.50% | 3.50% | 3.56% | 3.56% | 3.91% |
Source: Ownwell
Property Tax Assessment Values Across North Wales, Pennsylvania
In North Wales, 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 North Wales, 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 North Wales helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $5285 in zip code 19454.
Property Tax Assessment Values Across North Wales, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average North Wales Assessed Value
$148,060
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 North Wales, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | $66,080 | $102,470 | $148,060 | $217,450 | $291,260 |
Source: Ownwell
Property Tax Bills Across North Wales, Pennsylvania
In North Wales, located in Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For instance, with a median home price of $148,060, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rates applied. Several key factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in North Wales typically see tax bills ranging from $3,753 at the 25th percentile to $10,164 at the 90th percentile. The median tax bill in the area can go as high as $5,285, which is significantly above the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and community resources available to homeowners.
Average North Wales Tax Bill
$5,285
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across North Wales, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | $2,353 | $3,753 | $5,285 | $7,670 | $10,164 |
Source: Ownwell