Huntingdon Valley, Pennsylvania Property Taxes
The median property tax rate in Huntingdon Valley, PA is 1.40%, significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $88,100 in Huntingdon Valley, the typical annual property tax bill amounts to $1,233, which is below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Huntingdon Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Huntingdon Valley or another part of Philadelphia County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huntingdon Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,233
Ownwell’s Huntingdon Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntingdon Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntingdon Valley 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 Huntingdon Valley, Pennsylvania
Property taxes in Huntingdon Valley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingdon Valley is 1.40%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Huntingdon Valley set these rates annually, and they can vary across different neighborhoods. Each year, Huntingdon Valley 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 Huntingdon Valley's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 19006 has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these rates compare with Huntingdon Valley provides valuable insights into the varying tax landscape across Philadelphia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntingdon Valley Tax Rate
1.40%
Average Philadelphia County Tax Rate
1.20%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingdon Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Huntingdon Valley, Pennsylvania
In Huntingdon Valley, 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 Philadelphia 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. Assessment notices in Huntingdon Valley 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. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Huntingdon Valley is 19006, with a tax bill of $1,233. Interestingly, the zip code with the lowest median tax bill is also 19006, reflecting the uniformity in property tax assessments in this area.
Property Tax Assessment Values Across Huntingdon Valley, Pennsylvania
Source: Ownwell
$57,700
$337,575
$617,450
Average Huntingdon Valley Assessed Value
$88,100
Average Philadelphia County Assessed Value
$182,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntingdon Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $88,100 | $88,100 | $88,100 | $88,100 | $88,100 |
Source: Ownwell
Property Tax Bills Across Huntingdon Valley, Pennsylvania
In Huntingdon Valley, located in Philadelphia 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 property assessor and is meant to reflect the market value of the property. Homeowners in Huntingdon Valley experience a median property tax rate that aligns closely with the national median of 0.99%. For example, with a median home price of $88,100, the tax bill for properties in the 25th, 75th, and 90th percentiles all stand at $1,233. This consistency in tax bills suggests a relatively uniform assessment practice within the area. The local tax rate and the assessed value are key factors that influence the total tax bill, impacting homeowners by adding a significant annual cost. Accurate assessments ensure that tax burdens are distributed fairly, reflecting each property's market value and supporting essential community services.
Average Huntingdon Valley Tax Bill
$1,233
Average Philadelphia County Tax Bill
$1,943
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingdon Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $1,233 | $1,233 | $1,233 | $1,233 | $1,233 |
Source: Ownwell