Conshohocken, Pennsylvania Property Taxes
The median property tax rate in Conshohocken, PA is 3.35%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value in Conshohocken of $114,970, the typical annual property tax bill reaches $3,717, exceeding the national median of $2,690. Property taxes in Conshohocken 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 Conshohocken'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 Conshohocken 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
Conshohocken, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.35%
Estimate Property Tax Bill
$3,851
Ownwell’s Conshohocken Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conshohocken with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conshohocken 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 Conshohocken, Pennsylvania
Property taxes in Conshohocken, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conshohocken is 3.35%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Conshohocken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conshohocken 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 Conshohocken's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19428 zip code has the highest median property tax rate of 3.35%, while the 19428 zip code also has the lowest median tax rate of 3.35%. Understanding how these cities compare with Conshohocken 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 Conshohocken Tax Rate
3.35%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conshohocken, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19428 | 2.73% | 3.14% | 3.35% | 3.35% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Conshohocken, Pennsylvania
In Conshohocken, 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 Conshohocken, 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 Conshohocken helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 19428, with a median tax bill of $3,717.
Property Tax Assessment Values Across Conshohocken, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Conshohocken Assessed Value
$114,970
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 Conshohocken, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19428 | $78,120 | $94,530 | $114,970 | $158,050 | $224,320 |
Source: Ownwell
Property Tax Bills Across Conshohocken, Pennsylvania
In Conshohocken, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Conshohocken is $114,970. Homeowners in this area can expect a median tax bill of approximately $3,717, which aligns with the highest and lowest median tax bill observed in the 19428 zip code. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in the 25th percentile see tax bills around $3,081, while those in the 75th percentile face bills closer to $4,995. The top 10% of property tax bills can reach up to $7,042. These taxes fund essential local services such as schools, emergency services, and infrastructure, impacting the overall cost of homeownership in Conshohocken.
Average Conshohocken Tax Bill
$3,717
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Conshohocken, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19428 | $2,469 | $3,081 | $3,717 | $4,995 | $7,042 |
Source: Ownwell