Wyndmoor, Pennsylvania Property Taxes
The median property tax rate in Wyndmoor, PA is 4.54%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $33,380 in Wyndmoor, the typical annual property tax bill amounts to $1,517, surpassing the national median of $2,690. Property taxes in Wyndmoor are calculated based on the assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Wyndmoor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wyndmoor 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
Wyndmoor, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.54%
Estimate Property Tax Bill
$1,515
Ownwell’s Wyndmoor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyndmoor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyndmoor 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 Wyndmoor, Pennsylvania
Property taxes in Wyndmoor, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyndmoor is 1.56%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Wyndmoor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyndmoor 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 Wyndmoor's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19038 zip code has the highest median property tax rate of 1.56%, while the 19038 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Wyndmoor 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 Wyndmoor Tax Rate
4.54%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyndmoor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19038 | 4.54% | 4.54% | 4.54% | 4.54% | 4.54% |
Source: Ownwell
Property Tax Assessment Values Across Wyndmoor, Pennsylvania
In Wyndmoor, 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 Wyndmoor, 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 Wyndmoor 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 $1,517, found in the 19038 zip code.
Average Wyndmoor Assessed Value
$33,380
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 Wyndmoor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19038 | $33,380 | $33,380 | $33,380 | $33,380 | $33,380 |
Source: Ownwell
Property Tax Bills Across Wyndmoor, Pennsylvania
In Wyndmoor, located in Montgomery County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Wyndmoor can expect a median tax bill of $1,517, which is consistent across various percentiles, indicating a relatively uniform property tax rate in the area. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The tax rate in Wyndmoor is influenced by the county's budgetary needs for public services such as schools, infrastructure, and emergency services. For homeowners, this means that a property with a higher assessed value will result in a higher tax bill. Comparatively, the national median property tax rate is 0.99%, making Wyndmoor's property tax approach relatively straightforward and predictable for its residents. This consistency helps homeowners budget more effectively for their annual expenses.
Average Wyndmoor Tax Bill
$1,517
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyndmoor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19038 | $1,517 | $1,517 | $1,517 | $1,517 | $1,517 |
Source: Ownwell