Mont Clare, Pennsylvania Property Taxes
The median property tax rate in Mont Clare, PA is 3.68%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mont Clare, the typical annual property tax bill reaches $2,471, slightly below the national median of $2,690. Property taxes in Mont Clare 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 Mont Clare'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 Mont Clare 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
Mont Clare, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.68%
Estimate Property Tax Bill
$2,471
Ownwell’s Mont Clare Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mont Clare with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mont Clare 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 Mont Clare, Pennsylvania
Property taxes in Mont Clare, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mont Clare is 3.68%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mont Clare set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mont Clare 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 Mont Clare's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19453 zip code has the highest median property tax rate of 3.68%, while the same zip code also has the lowest median tax rate of 3.68%. Understanding how these areas compare with Mont Clare 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 Mont Clare Tax Rate
3.68%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mont Clare, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19453 | 3.68% | 3.68% | 3.68% | 3.68% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Mont Clare, Pennsylvania
In Mont Clare, 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 Mont Clare, 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 Mont Clare helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19453 has the highest and lowest median tax bills, both at $2,471, reflecting the localized nature of tax assessments in the area.
Property Tax Assessment Values Across Mont Clare, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Mont Clare Assessed Value
$67,160
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 Mont Clare, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19453 | $51,930 | $55,270 | $67,160 | $103,028 | $126,933 |
Source: Ownwell
Property Tax Bills Across Mont Clare, Pennsylvania
In Mont Clare, Montgomery County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with the median home price at $67,160, homeowners can expect varying tax bills depending on the specific assessment and tax rate applied. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. In Mont Clare, the 25th percentile tax bill is approximately $2,034, while the 75th percentile tax bill is around $3,815. At the 90th percentile, homeowners might see tax bills as high as $4,704. These tax bills can significantly impact homeowners, influencing decisions on purchasing, selling, or renovating properties. Compared to the national median property tax rate of 0.99%, Mont Clare's tax rates reflect the unique economic and administrative factors of Montgomery County.
Average Mont Clare Tax Bill
$2,471
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mont Clare, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19453 | $1,911 | $2,034 | $2,471 | $3,815 | $4,704 |
Source: Ownwell