Linfield, Pennsylvania Property Taxes
The median property tax rate in Linfield, PA is 3.69%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Linfield, the typical annual property tax bill reaches $5,460, exceeding the national median of $2,690. Property taxes in Linfield 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 Linfield'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 Linfield 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
Linfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$5,614
Ownwell’s Linfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linfield 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 Linfield, Pennsylvania
Property taxes in Linfield, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linfield is 3.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Linfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linfield 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 Linfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19468 zip code has the highest median property tax rate of 3.69%, while the 19468 zip code also has the lowest median tax rate of 3.69%. Understanding how these cities compare with Linfield 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 Linfield Tax Rate
3.69%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | 3.69% | 3.69% | 3.69% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Linfield, Pennsylvania
In Linfield, 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 Linfield, 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 Linfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5460 in zip code 19468, while the lowest is also $5460 in the same zip code.
Average Linfield Assessed Value
$152,150
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 Linfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | $90,544 | $116,000 | $152,150 | $226,300 | $249,764 |
Source: Ownwell
Property Tax Bills Across Linfield, Pennsylvania
In Linfield, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or changes made to the property. For homeowners in Linfield, the median home price stands at $152,150. Depending on the assessed value and the specific tax rate applied, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $4,146, while at the 75th percentile, it climbs to $8,141. At the 90th percentile, it reaches $9,118. The highest and lowest median tax bills in the area both stand at $5,460, reflecting the uniformity in tax assessments within the zip code 19468. Compared to the national median property tax rate of 0.99%, Linfield's property tax bills can be quite substantial, impacting homeowners' annual financial planning and overall cost of living.
Average Linfield Tax Bill
$5,460
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Linfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | $3,341 | $4,146 | $5,460 | $8,141 | $9,118 |
Source: Ownwell