Schwenksville, Pennsylvania Property Taxes
The median property tax rate in Schwenksville, PA is 4.07%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Schwenksville at $163,860, the typical annual property tax bill reaches $6,482, far exceeding the national median of $2,690. Property taxes in Schwenksville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Schwenksville'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 Schwenksville 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
Schwenksville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.07%
Estimate Property Tax Bill
$6,669
Ownwell’s Schwenksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schwenksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schwenksville 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 Schwenksville, Pennsylvania
Property taxes in Schwenksville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Schwenksville is 1.51%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Schwenksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schwenksville 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 Schwenksville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19473 zip code has the highest median property tax rate of 1.51%, while the same zip code also represents the lowest median tax rate of 1.51%. Understanding how these cities compare with Schwenksville 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 Schwenksville Tax Rate
4.07%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schwenksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | 3.69% | 3.76% | 4.07% | 4.29% | 4.29% |
Source: Ownwell
Property Tax Assessment Values Across Schwenksville, Pennsylvania
In Schwenksville, 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 Schwenksville, 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 Schwenksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in the area is $6,482, with the highest and lowest median tax bills both found in the 19473 zip code.
Property Tax Assessment Values Across Schwenksville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Schwenksville Assessed Value
$163,860
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 Schwenksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | $82,310 | $106,420 | $163,860 | $218,730 | $275,760 |
Source: Ownwell
Property Tax Bills Across Schwenksville, Pennsylvania
In Schwenksville, 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 is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Schwenksville, the median home price is $163,860. Property tax bills can vary significantly, with the 25th percentile tax bill at $4,428 and the 75th percentile reaching $8,400. At the 90th percentile, homeowners may see tax bills as high as $10,465. These figures highlight the potential range of financial impact on homeowners, depending on their property's assessed value and the applicable tax rates. Compared to the national median property tax rate of 0.99%, Schwenksville's tax bills can be notably higher, reflecting the local economic and policy factors influencing property taxation in the area.
Average Schwenksville Tax Bill
$6,482
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Schwenksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19473 | $3,405 | $4,428 | $6,482 | $8,400 | $10,465 |
Source: Ownwell