Abington, Pennsylvania Property Taxes
The median property tax rate in Abington, PA is 4.44%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Abington, the typical annual property tax bill reaches $5,104, exceeding the national median of $2,690. Property taxes in Abington 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 Abington'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 Abington 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
Abington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.44%
Estimate Property Tax Bill
$5,111
Ownwell’s Abington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abington 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 Abington, Pennsylvania
Property taxes in Abington, Pennsylvania, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Abington is 4.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Abington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abington 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 Abington's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19001 has the highest median property tax rate of 4.44%, while the same zip code also has the lowest median tax rate of 4.44%. Understanding how these cities compare with Abington 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 Abington 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 Abington, 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 Abington, Pennsylvania
In Abington, 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 Abington, 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 Abington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in Abington is $5,104, found in the zip code 19001.
Average Abington Assessed Value
$115,105
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 Abington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19001 | $92,600 | $100,798 | $115,105 | $137,505 | $165,936 |
Source: Ownwell
Property Tax Bills Across Abington, Pennsylvania
In Abington, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $115,105, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $4,471, whereas those in the 75th percentile might see bills as high as $6,110. The 90th percentile tax bill can reach up to $7,389. These figures illustrate the range of property tax obligations within Abington, highlighting how different factors, such as home value and specific tax rates, influence the final amount. Compared to the national median property tax rate of 0.99%, Abington's tax bills reflect the local economic conditions and the specific needs of Montgomery County. For homeowners, understanding these factors is crucial for financial planning and property investment decisions.
Average Abington Tax Bill
$5,104
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Abington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19001 | $4,106 | $4,471 | $5,104 | $6,110 | $7,389 |
Source: Ownwell