Worcester, Pennsylvania Property Taxes
The median property tax rate in Worcester, PA is 3.63%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Worcester at $222,580, the typical annual property tax bill reaches $7,931, far exceeding the national median of $2,690. Property taxes in Worcester 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 Worcester'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 Worcester 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
Worcester, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$8,080
Ownwell’s Worcester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Worcester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Worcester 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 Worcester, Pennsylvania
Property taxes in Worcester, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Worcester is 1.34%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Worcester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Worcester 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 Worcester's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19490 zip code has the highest median property tax rate of 1.34%, while the 19490 zip code has the lowest median tax rate of 1.34%. Understanding how these cities compare with Worcester provides valuable insights into the varying tax landscape across Montgomery, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Worcester Tax Rate
3.63%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Worcester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19490 | 3.63% | 3.63% | 3.63% | 3.63% | 3.63% |
Source: Ownwell
Property Tax Assessment Values Across Worcester, Pennsylvania
In Worcester, 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 Appraisal District 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 Worcester, 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. The median home price in Worcester is $222,580, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $6,508, while the 75th percentile tax bill is $10,412, and the 90th percentile tax bill is $16,032. The zip code with the highest and lowest median tax bill is 19490, both at $7,931. Being aware of these valuation processes in Worcester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Worcester Assessed Value
$222,580
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 Worcester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19490 | $140,678 | $179,140 | $222,580 | $307,350 | $476,016 |
Source: Ownwell
Property Tax Bills Across Worcester, Pennsylvania
In Worcester, 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 local assessors who evaluate the property's market value. Homeowners in Worcester face a median property tax rate that is significantly higher than the national median of 0.99%. For example, the median home price in Worcester is $222,580, resulting in varying tax bills across different percentiles. At the 25th percentile, homeowners pay approximately $6,508, while those at the 75th percentile face tax bills around $10,412. The highest tax bills, at the 90th percentile, can reach up to $16,032. These figures highlight the substantial financial impact property taxes can have on homeowners in Worcester, making it essential for them to understand their tax obligations and explore potential exemptions or appeals. The highest and lowest median tax bills in the area are both recorded at $7,931, indicating a consistent tax environment across different neighborhoods.
Average Worcester Tax Bill
$7,931
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Worcester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19490 | $4,941 | $6,508 | $7,931 | $10,412 | $16,032 |
Source: Ownwell