Oreland, Pennsylvania Property Taxes
The median property tax rate in Oreland, PA is 4.55%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Oreland, the typical annual property tax bill reaches $6,620, exceeding the national median of $2,690. Property taxes in Oreland 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 Oreland'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 Oreland 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
Oreland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.55%
Estimate Property Tax Bill
$6,570
Ownwell’s Oreland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oreland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oreland 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 Oreland, Pennsylvania
Property taxes in Oreland, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oreland is 4.55%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Oreland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oreland 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 Oreland's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 19075 has the highest median property tax rate of 4.55%, while the same zip code also has the lowest median tax rate of 4.55%. Understanding how these areas compare with Oreland 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 Oreland Tax Rate
4.55%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oreland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19075 | 4.55% | 4.55% | 4.55% | 4.55% | 4.76% |
Source: Ownwell
Property Tax Assessment Values Across Oreland, Pennsylvania
In Oreland, 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 Oreland, 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 Oreland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $6,620, specifically in the 19075 zip code.
Average Oreland Assessed Value
$144,405
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 Oreland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19075 | $117,044 | $128,330 | $144,405 | $165,332 | $192,024 |
Source: Ownwell
Property Tax Bills Across Oreland, Pennsylvania
Property tax bills in Oreland, located in Montgomery County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and is meant to reflect the market value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. In Oreland, the median home price is $144,405, and the property tax rate is relatively high compared to the national median property tax rate of 0.99%. The tax bills in this area range significantly, with the 25th percentile at $5,850 and the 75th percentile at $7,600. The highest median tax bill recorded is $6,620, which is notably higher than the national average. Homeowners in Oreland experience a substantial impact due to these higher property taxes, which can influence their overall housing costs and financial planning. The property tax bill can vary widely, affecting affordability and homeownership stability in the region.
Average Oreland Tax Bill
$6,620
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Oreland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19075 | $5,323 | $5,850 | $6,620 | $7,600 | $8,810 |
Source: Ownwell