Haverford, Pennsylvania Property Taxes
The median property tax rate in Haverford, PA is 4.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Haverford at $297,910, the typical annual property tax bill reaches $11,922, exceeding the national median of $2,690. Property taxes in Haverford 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 Haverford'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 Haverford 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
Haverford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4%
Estimate Property Tax Bill
$11,916
Ownwell’s Haverford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haverford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haverford 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 Haverford, Pennsylvania
Property taxes in Haverford, PA, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Haverford stands at 4.00%, significantly higher than the U.S. national median of 0.99%. Local government entities within Haverford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haverford 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 Haverford's effective property tax rate to other areas in Montgomery County and the national median. For comparison, the zip code 19041 has the highest median property tax rate of 4.00%, while the same zip code also represents the lowest median tax rate of 4.00%. Understanding how these rates compare with Haverford 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 Haverford Tax Rate
4.00%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haverford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19041 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Haverford, Pennsylvania
In Haverford, 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 Haverford, 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. In Haverford, the zip code 19041 has the highest median tax bill at $11,922, while the lowest median tax bill is also in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haverford Assessed Value
$297,910
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 Haverford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19041 | $110,628 | $150,402 | $297,910 | $636,962 | $885,389 |
Source: Ownwell
Property Tax Bills Across Haverford, Pennsylvania
In Haverford, Montgomery County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by the county assessor's office. Several factors, such as property size, location, and improvements, influence this assessed value. Homeowners in Haverford can expect a wide range of property tax bills. For example, the 25th percentile tax bill is approximately $6,019, while the 75th percentile reaches around $25,493. At the higher end, the 90th percentile tax bill can soar to $35,434. Interestingly, the highest and lowest median tax bills in the area both stand at $11,922, reflecting the specific zip code 19041. Compared to the national median property tax rate of 0.99%, Haverford homeowners often face higher tax bills, which can significantly impact their annual financial planning. Understanding these factors can help residents better anticipate their property tax obligations and manage their budgets accordingly.
Average Haverford Tax Bill
$11,922
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Haverford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19041 | $4,427 | $6,019 | $11,922 | $25,493 | $35,434 |
Source: Ownwell