Roslyn, Pennsylvania Property Taxes
The median property tax rate in Roslyn, PA is 4.44%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Roslyn, the typical annual property tax bill reaches $3,198, surpassing the national median of $2,690. Property taxes in Roslyn 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 Roslyn'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 Roslyn 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
Roslyn, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.44%
Estimate Property Tax Bill
$3,199
Ownwell’s Roslyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roslyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roslyn 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 Roslyn, Pennsylvania
Property taxes in Roslyn, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roslyn is 4.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Roslyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roslyn 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 Roslyn's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19001 zip code has the highest median property tax rate of 4.44%, while the 19001 zip code also has the lowest median tax rate of 4.44%. Understanding how these cities compare with Roslyn 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 Roslyn Tax Rate
4.44%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roslyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19001 | 4.44% | 4.44% | 4.44% | 4.44% | 4.44% |
Source: Ownwell
Property Tax Assessment Values Across Roslyn, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roslyn, Pennsylvania. 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 Montgomery County 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. Assessment notices in Roslyn 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 Roslyn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Roslyn are both $3,198, found in zip code 19001.
Average Roslyn Assessed Value
$72,040
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 Roslyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19001 | $71,392 | $71,635 | $72,040 | $72,445 | $72,688 |
Source: Ownwell
Property Tax Bills Across Roslyn, Pennsylvania
In Roslyn, Montgomery County, PA, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the property's market value, which is then multiplied by the tax rate set by local authorities. For example, with a median home price of $72,040, homeowners can expect their tax bills to fall within a range, with the 25th percentile at $3,180 and the 75th percentile at $3,215. This calculation means that for many homeowners, the tax bill is a significant expense, with the highest median tax bill in the area reaching $3,198. This figure is considerably higher than the national median property tax rate of 0.99%, reflecting the local market conditions and tax policies. Homeowners in Roslyn must budget accordingly, as these property taxes fund essential community services such as schools, public safety, and infrastructure. Understanding these factors helps homeowners anticipate their financial obligations and plan for the future.
Average Roslyn Tax Bill
$3,198
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roslyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19001 | $3,169 | $3,180 | $3,198 | $3,215 | $3,226 |
Source: Ownwell