Rockledge, Pennsylvania Property Taxes
The median property tax rate in Rockledge, PA is 4.73%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Rockledge at $104,330, the typical annual property tax bill reaches $4,936, surpassing the national median of $2,690. Property taxes in Rockledge 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 Rockledge'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 Rockledge 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
Rockledge, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.73%
Estimate Property Tax Bill
$4,935
Ownwell’s Rockledge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockledge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockledge 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 Rockledge, Pennsylvania
Property taxes in Rockledge, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockledge is 2.17%, significantly higher than both the Pennsylvania state median of 1.58% and the U.S. national median of 0.99%. Local government entities within Rockledge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockledge 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 Rockledge's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19046 has the highest median property tax rate of 2.17%, while the zip code 19046 also has the lowest median tax rate of 2.17%. Understanding how these cities compare with Rockledge 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 Rockledge Tax Rate
4.73%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockledge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | 4.73% | 4.73% | 4.73% | 4.73% | 4.73% |
Source: Ownwell
Property Tax Assessment Values Across Rockledge, Pennsylvania
In Rockledge, 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 Rockledge, 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. The highest median tax bill in Rockledge is $4936 in zip code 19046, while the lowest median tax bill is also $4936 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 Rockledge Assessed Value
$104,330
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 Rockledge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $91,003 | $96,192 | $104,330 | $121,548 | $155,270 |
Source: Ownwell
Property Tax Bills Across Rockledge, Pennsylvania
In Rockledge, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions or abatements can influence the assessed value. For homeowners, this means that fluctuations in the real estate market or changes in local tax rates can significantly impact their tax bills. For instance, in Rockledge, the median home price stands at $104,330. Property tax bills in this area vary widely, with the 25th percentile at $4,551, the 75th percentile at $5,700, and the 90th percentile reaching up to $7,346 annually. Comparatively, the national median property tax rate is 0.99%, which highlights the relatively high property tax burden in this region. Homeowners need to stay informed about their property's assessed value and any potential changes in tax rates to manage their financial planning effectively.
Average Rockledge Tax Bill
$4,936
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockledge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $4,306 | $4,551 | $4,936 | $5,700 | $7,346 |
Source: Ownwell