Telford, Pennsylvania Property Taxes
The median property tax rate in Telford, PA is 3.83%, significantly higher than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With a median home value of $139,500 in Telford, the typical annual property tax bill reaches $5,408, far exceeding the national median of $2,690. Property taxes in Telford are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Telford'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 Telford 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
Telford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.83%
Estimate Property Tax Bill
$5,343
Ownwell’s Telford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Telford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Telford 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 Telford, Pennsylvania
Property taxes in Telford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Telford is 1.42%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Telford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Telford 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 Telford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18960 zip code has the highest median property tax rate of 1.55%, while the 18969 zip code has the lowest median tax rate of 1.42%. Understanding how these cities compare with Telford 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 Telford Tax Rate
3.83%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Telford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | 4.31% | 4.31% | 4.31% | 4.31% | 4.31% |
| 18969 | 3.75% | 3.83% | 3.83% | 3.84% | 4.31% |
Source: Ownwell
Property Tax Assessment Values Across Telford, Pennsylvania
In Telford, 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 Telford, 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 Telford 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 $5,408 in zip code 18969, while the lowest is $4,726 in zip code 18960.
Average Telford Assessed Value
$139,500
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 Telford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | $109,770 | $109,770 | $109,770 | $109,770 | $109,770 |
| 18969 | $96,890 | $114,938 | $139,515 | $186,240 | $256,403 |
Source: Ownwell
Property Tax Bills Across Telford, Pennsylvania
In Telford, 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's assessment office and is meant to represent a percentage of the property's market value. Homeowners in Telford can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $4,536 and the 75th percentile reaching approximately $6,957. The highest median tax bill in the area is $5,408, found in the 18969 zip code, while the lowest median tax bill, $4,726, is in the 18960 zip code. These tax bills are influenced by various factors, including the home's assessed value and the specific tax rate set by local authorities. With a median home price of $139,500, Telford's property tax rates can be higher than the national median property tax rate of 0.99%, impacting homeowners' annual budgets and overall affordability. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Telford Tax Bill
$5,408
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Telford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | $4,726 | $4,726 | $4,726 | $4,726 | $4,726 |
| 18969 | $3,792 | $4,536 | $5,408 | $6,957 | $9,376 |
Source: Ownwell