East Greenville, Pennsylvania Property Taxes
The median property tax rate in East Greenville, PA is 3.72%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $107,520 in East Greenville, the typical annual property tax bill amounts to $3,707, surpassing the national median of $2,690. Property taxes in East Greenville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Greenville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of East Greenville or another part of Montgomery County, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Greenville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.72%
Estimate Property Tax Bill
$4,000
Ownwell’s East Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Greenville 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 East Greenville, Pennsylvania
Property taxes in East Greenville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Greenville is 2.10%, which is higher than both the Pennsylvania state median of 1.49% and the U.S. national median of 0.99%. Local government entities within East Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Greenville 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 East Greenville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18041 zip code has the highest median property tax rate of 2.10%, while the same zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with East Greenville 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 East Greenville Tax Rate
3.72%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Greenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18041 | 3.19% | 3.19% | 3.72% | 3.72% | 3.72% |
Source: Ownwell
Property Tax Assessment Values Across East Greenville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Greenville, PA. 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 East Greenville, 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. For instance, homeowners in the zip code 18041 face the highest median tax bill of $3,707, which is significantly above the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Greenville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average East Greenville Assessed Value
$107,520
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 East Greenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18041 | $73,520 | $83,322 | $107,520 | $145,000 | $199,429 |
Source: Ownwell
Property Tax Bills Across East Greenville, Pennsylvania
In East Greenville, 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's property assessor and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in East Greenville is $107,520, and homeowners can expect to pay a range of property taxes depending on various factors such as location and property characteristics. Homeowners in East Greenville face a median tax bill of $3,707, with the 25th percentile at $3,055 and the 75th percentile at $4,732. Those in the 90th percentile might see tax bills as high as $6,202. These figures are significantly higher than the national median property tax rate of 0.99%, highlighting the impact on homeowners in this region. High property taxes can affect affordability and the overall cost of homeownership, making it crucial for residents to understand how their tax bills are calculated.
Average East Greenville Tax Bill
$3,707
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Greenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18041 | $2,721 | $3,055 | $3,707 | $4,732 | $6,202 |
Source: Ownwell