Spring House, Pennsylvania Property Taxes
The median property tax rate in Spring House, 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 Spring House, the typical annual property tax bill reaches $8,814, exceeding the national median of $2,690. Property taxes in Spring House 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 Spring House'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 Spring House 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
Spring House, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$8,790
Ownwell’s SPRING HOUSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING HOUSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING HOUSE 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 Spring House, Pennsylvania
Property taxes in Spring House, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring House is 2.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Spring House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring House 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 Spring House's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19477 zip code has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these areas compare with Spring House 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 Spring House 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 Spring House, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19477 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Spring House, Pennsylvania
In Spring House, 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 Spring House, 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 Spring House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,814, found in zip code 19477.
Property Tax Assessment Values Across Spring House, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Spring House Assessed Value
$310,595
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 Spring House, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19477 | $211,086 | $249,995 | $310,595 | $352,302 | $386,038 |
Source: Ownwell
Property Tax Bills Across Spring House, Pennsylvania
In Spring House, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $310,595, homeowners can expect varying tax bills depending on their property's assessed value and the specific millage rate applied. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Spring House, the tax bills range significantly, with the 25th percentile at $7,080 and the 75th percentile reaching $10,052. The highest median tax bill recorded in the area is $8,814, notably higher than the national median property tax rate of 0.99%. For homeowners, these property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances accordingly.
Average Spring House Tax Bill
$8,814
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring House, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19477 | $6,019 | $7,080 | $8,814 | $10,052 | $10,925 |
Source: Ownwell