West Norriton, Pennsylvania Property Taxes
The median property tax rate in West Norriton, PA is 4.83%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $110,000 in West Norriton, the typical annual property tax bill reaches $5,310, far exceeding the national median of $2,690. Property taxes in West Norriton 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 West Norriton'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 West Norriton 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
West Norriton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.83%
Estimate Property Tax Bill
$5,313
Ownwell’s West Norriton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Norriton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Norriton 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 West Norriton, Pennsylvania
Property taxes in West Norriton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Norriton is 4.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within West Norriton set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Norriton 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 West Norriton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19403 zip code has the highest median property tax rate of 4.83%, while the 19403 zip code also has the lowest median tax rate of 4.83%. Understanding how these cities compare with West Norriton 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 West Norriton Tax Rate
4.83%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19403 | 4.83% | 4.83% | 4.83% | 4.83% | 4.83% |
Source: Ownwell
Property Tax Assessment Values Across West Norriton, Pennsylvania
In West Norriton, 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 West Norriton, 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. Being aware of these valuation processes in West Norriton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median property tax bill in the 19403 zip code is $5,310, which can be a significant amount for homeowners.
Property Tax Assessment Values Across West Norriton, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average West Norriton Assessed Value
$110,000
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 West Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19403 | $76,880 | $93,800 | $110,000 | $144,245 | $174,360 |
Source: Ownwell
Property Tax Bills Across West Norriton, Pennsylvania
In West Norriton, located in 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 region experience property tax rates that can significantly impact their annual expenses. For instance, the median home price in West Norriton is $110,000, and property tax bills can vary widely. The 25th percentile tax bill is $4,524, while the 75th percentile reaches $6,964, and the 90th percentile goes up to $8,407. Notably, the highest median tax bill in the area is $5,310, which is considerably higher than the national median property tax rate of 0.99%. These figures highlight the substantial variation in tax bills that homeowners can face, depending on their property's assessed value and other local factors. Understanding these factors is crucial for homeowners as they navigate their financial responsibilities.
Average West Norriton Tax Bill
$5,310
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across West Norriton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19403 | $3,712 | $4,524 | $5,310 | $6,964 | $8,407 |
Source: Ownwell