Upper Gwynedd, Pennsylvania Property Taxes
The median property tax rate in Upper Gwynedd, PA is 3.50%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Upper Gwynedd, the typical annual property tax bill reaches $6,515, far exceeding the national median of $2,690. Property taxes in Upper Gwynedd 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 Upper Gwynedd'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 Upper Gwynedd 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
Upper Gwynedd, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.5%
Estimate Property Tax Bill
$6,521
Ownwell’s UPPER GWYNEDD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UPPER GWYNEDD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UPPER GWYNEDD 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 Upper Gwynedd, Pennsylvania
Property taxes in Upper Gwynedd, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upper Gwynedd is 1.56%, significantly higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Upper Gwynedd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upper Gwynedd 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 Upper Gwynedd's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19446 zip code has the highest median property tax rate of 1.56%, while the same zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with Upper Gwynedd 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 Upper Gwynedd Tax Rate
3.50%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upper Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19446 | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% |
Source: Ownwell
Property Tax Assessment Values Across Upper Gwynedd, Pennsylvania
In Upper Gwynedd, 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 Board of Assessment 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 Upper Gwynedd, 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. The median home price in Upper Gwynedd is $186,300, with median tax bills ranging from $5,288 at the 25th percentile to $9,234 at the 90th percentile. The zip code with the highest and lowest median tax bill is 19446, both at $6,515. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and find opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Upper Gwynedd, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Upper Gwynedd Assessed Value
$186,300
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 Upper Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19446 | $142,240 | $151,200 | $186,300 | $240,700 | $264,030 |
Source: Ownwell
Property Tax Bills Across Upper Gwynedd, Pennsylvania
In Upper Gwynedd, 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 intended to reflect the market value of the property. Homeowners in Upper Gwynedd experience a range of property tax bills, with the 25th percentile tax bill at $5,288 and the 75th percentile reaching $8,418. At the 90th percentile, the tax bill can rise to $9,234. The median home price in the area is $186,300, and this value, when multiplied by the local tax rate, determines the annual tax obligation. For residents, this means that property taxes can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Upper Gwynedd are relatively high, reflecting the area's property values and local tax policies. Homeowners must budget accordingly to accommodate these costs, which support community services and infrastructure.
Average Upper Gwynedd Tax Bill
$6,515
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Upper Gwynedd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19446 | $4,975 | $5,288 | $6,515 | $8,418 | $9,234 |
Source: Ownwell