Sassamansville, Pennsylvania Property Taxes
The median property tax rate in Sassamansville, PA is 3.61%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $143,845, the typical annual property tax bill in Sassamansville reaches $5,019, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sassamansville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sassamansville or another part of Montgomery County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sassamansville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$5,193
Ownwell’s Sassamansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sassamansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sassamansville 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 Sassamansville, Pennsylvania
Property taxes in Sassamansville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sassamansville is 3.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sassamansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sassamansville 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 Sassamansville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 19472 has the highest median property tax rate of 3.61%, while the same zip code also has the lowest median tax rate of 3.61%. Understanding how these areas compare with Sassamansville 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 Sassamansville Tax Rate
3.61%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sassamansville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19472 | 2.72% | 3.61% | 3.61% | 3.75% | 3.75% |
Source: Ownwell
Property Tax Assessment Values Across Sassamansville, Pennsylvania
In Sassamansville, 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 Appraisal District 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 Sassamansville 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 Sassamansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $143,845, with the highest and lowest median tax bills both recorded at $5,019 in the 19472 zip code.
Property Tax Assessment Values Across Sassamansville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Sassamansville Assessed Value
$143,845
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 Sassamansville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19472 | $113,527 | $120,112 | $143,845 | $184,340 | $261,703 |
Source: Ownwell
Property Tax Bills Across Sassamansville, Pennsylvania
In Sassamansville, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in this area can expect their property tax bill to be influenced by the assessed value, local tax rates, and any applicable exemptions. For example, with a median home price of $143,845, homeowners can anticipate a tax bill ranging from $4,460 at the 25th percentile to $7,359 at the 90th percentile. The median tax bill in the area is notably higher than the national median property tax rate of 0.99%. This higher rate can be attributed to local funding needs for public services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners in Sassamansville plan for their annual property tax expenses and underscores the importance of accurate property assessments and potential appeals for reducing tax liabilities.
Average Sassamansville Tax Bill
$5,019
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sassamansville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19472 | $4,262 | $4,460 | $5,019 | $6,192 | $7,359 |
Source: Ownwell