Tylersport, Pennsylvania Property Taxes
The median property tax rate in Tylersport, PA is 3.75%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tylersport at $126,680, the typical annual property tax bill reaches $4,746, exceeding the national median of $2,690. Property taxes in Tylersport 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 Tylersport'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 Tylersport 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
Tylersport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.75%
Estimate Property Tax Bill
$4,751
Ownwell’s Tylersport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tylersport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tylersport 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 Tylersport, Pennsylvania
Property taxes in Tylersport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tylersport is 1.43%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Tylersport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tylersport 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 Tylersport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18971 within Montgomery County has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Tylersport 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 Tylersport Tax Rate
3.75%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tylersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18971 | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
Source: Ownwell
Property Tax Assessment Values Across Tylersport, Pennsylvania
In Tylersport, 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 Tylersport, 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. For instance, the highest median tax bill in Tylersport is $4,746 in the 18971 zip code. Conversely, the lowest median tax bill is also $4,746 in the same zip code. Being aware of these valuation processes in Tylersport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tylersport, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Tylersport Assessed Value
$126,680
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 Tylersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18971 | $98,030 | $116,095 | $126,680 | $170,485 | $233,986 |
Source: Ownwell
Property Tax Bills Across Tylersport, Pennsylvania
In Tylersport, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's assessment office and reflects a percentage of the property's market value. Homeowners in Tylersport experience varying tax bills, with the 25th percentile at approximately $4,350 and the 75th percentile reaching around $5,214. The 90th percentile tax bill can go up to $8,225. The median home price in Tylersport is $126,680, and with the national median property tax rate at 0.99%, local rates can significantly impact the final tax bill. Factors influencing the tax bill include changes in the assessed value of the property, local government budget needs, and any applicable exemptions or appeals. High property taxes can place a financial burden on homeowners, affecting affordability and potentially influencing decisions about homeownership and relocation.
Average Tylersport Tax Bill
$4,746
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tylersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18971 | $3,674 | $4,350 | $4,746 | $5,214 | $8,225 |
Source: Ownwell