Perkiomenville, Pennsylvania Property Taxes
The median property tax rate in Perkiomenville, PA is 3.62%, significantly higher than the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $145,750 in Perkiomenville, the typical annual property tax bill reaches $5,244, far exceeding the national median of $2,690. Property taxes in Perkiomenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Perkiomenville'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 Perkiomenville or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perkiomenville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.62%
Estimate Property Tax Bill
$5,276
Ownwell’s Perkiomenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perkiomenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkiomenville 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 Perkiomenville, Pennsylvania
Property taxes in Perkiomenville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkiomenville is 1.35%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Perkiomenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perkiomenville 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 Perkiomenville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18074 zip code has the highest median property tax rate of 1.35%, while the same 18074 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Perkiomenville 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 Perkiomenville Tax Rate
3.62%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkiomenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18074 | 3.27% | 3.61% | 3.62% | 3.62% | 4.29% |
Source: Ownwell
Property Tax Assessment Values Across Perkiomenville, Pennsylvania
In Perkiomenville, 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 Perkiomenville, 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. The median home price in Perkiomenville is $145,750, with tax bills ranging from $3,916 at the 25th percentile to $8,523 at the 90th percentile. The zip code with the highest median tax bill is 18074, at $5,244. 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 Perkiomenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Perkiomenville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Perkiomenville Assessed Value
$145,750
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 Perkiomenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18074 | $96,300 | $109,010 | $145,750 | $191,585 | $247,816 |
Source: Ownwell
Property Tax Bills Across Perkiomenville, Pennsylvania
In Perkiomenville, Montgomery County, PA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Perkiomenville face a median property tax rate that is higher than the national median of 0.99%. For instance, with a median home price of $145,750, the tax bill can significantly impact homeowners' finances. The tax bill at the 25th percentile is $3,916, while at the 75th percentile, it rises to $6,892. At the 90th percentile, the tax bill can reach up to $8,523, indicating a substantial range depending on property value and specific assessments. These factors collectively influence the overall tax burden on homeowners in Perkiomenville. Accurate assessments and understanding local tax rates are crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Perkiomenville Tax Bill
$5,244
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkiomenville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18074 | $3,421 | $3,916 | $5,244 | $6,892 | $8,523 |
Source: Ownwell