Stowe, Pennsylvania Property Taxes
The median property tax rate in Stowe, PA is 4.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Stowe, the typical annual property tax bill reaches $2,371, which is close to the national median of $2,690. Property taxes in Stowe 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 Stowe'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 Stowe 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
Stowe, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.65%
Estimate Property Tax Bill
$2,371
Ownwell’s Stowe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stowe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stowe 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 Stowe, Pennsylvania
Property taxes in Stowe, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stowe is 4.65%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Stowe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stowe 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 Stowe's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19464 has the highest median property tax rate of 4.65%, while the lowest median tax rate is also 4.65% in the same zip code. Understanding how these cities compare with Stowe 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 Stowe Tax Rate
4.65%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stowe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | 4.65% | 4.65% | 4.65% | 4.65% | 4.65% |
Source: Ownwell
Property Tax Assessment Values Across Stowe, Pennsylvania
In Stowe, 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 Stowe, 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 Stowe 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 $2,371 in the 19464 zip code, while the lowest median tax bill is also $2,371 in the same zip code.
Average Stowe Assessed Value
$50,980
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 Stowe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | $27,724 | $36,445 | $50,980 | $58,510 | $63,028 |
Source: Ownwell
Property Tax Bills Across Stowe, Pennsylvania
In Stowe, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, in Montgomery County, where Stowe is located, the median home price is $50,980. The property tax bills can vary significantly, with those in the 25th percentile paying around $1,696 annually, while those in the 75th percentile see bills closer to $2,722. At the 90th percentile, homeowners might pay up to $2,932. These figures highlight the range of property tax obligations within the area. Compared to the national median property tax rate of 0.99%, homeowners in Stowe may find their tax rates competitive or slightly higher, depending on their property's assessed value. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and overall housing costs.
Average Stowe Tax Bill
$2,371
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Stowe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | $1,290 | $1,696 | $2,371 | $2,722 | $2,932 |
Source: Ownwell