Bridgeport, Pennsylvania Property Taxes
The median property tax rate in Bridgeport, PA, is 3.83%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $89,675 in Bridgeport, the typical annual property tax bill reaches $3,309, which far exceeds the national median of $2,690. Property taxes in Bridgeport are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bridgeport'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 Bridgeport 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
Bridgeport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.83%
Estimate Property Tax Bill
$3,435
Ownwell’s Bridgeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeport 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 Bridgeport, Pennsylvania
Property taxes in Bridgeport, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 3.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19405 zip code has the highest median property tax rate of 3.83%, while the same zip code also has the lowest median tax rate of 3.83%. Understanding how these cities compare with Bridgeport 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 Bridgeport 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 Bridgeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19405 | 2.97% | 3.83% | 3.83% | 3.83% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Pennsylvania
In Bridgeport, 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 Bridgeport, 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. Bridgeport's median home price is $89,675, with tax bills ranging from $2,916 at the 25th percentile to $5,194 at the 90th percentile. The highest and lowest median tax bills, both at $3,309, are found in zip code 19405. 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 Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bridgeport, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Bridgeport Assessed Value
$89,675
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 Bridgeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19405 | $67,579 | $79,220 | $89,675 | $108,770 | $142,145 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Pennsylvania
In Bridgeport, Montgomery County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Homeowners in Bridgeport face a median property tax rate of 0.99%, aligning with the national median. For example, with a median home price of $89,675, homeowners can expect a tax bill ranging from $2,916 at the 25th percentile to $3,898 at the 75th percentile, with the 90th percentile reaching up to $5,194. The highest and lowest median tax bills in the area are both $3,309, indicating a relatively consistent tax burden across different properties. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must factor in these taxes when budgeting for homeownership, as they can significantly influence overall housing costs.
Average Bridgeport Tax Bill
$3,309
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19405 | $2,507 | $2,916 | $3,309 | $3,898 | $5,194 |
Source: Ownwell