Ambler, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Ambler, PA is 3.74%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ambler at $197,250, the typical annual property tax bill reaches $7,772, far exceeding the national median of $2,690. Property taxes in Ambler are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ambler'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 Ambler 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
Ambler, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.74%
Estimate Property Tax Bill
$7,377
$6,846
Ownwell’s Ambler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ambler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ambler 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 Ambler, Montgomery County, Pennsylvania
Property taxes in Ambler, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ambler is 3.74%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ambler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ambler 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 Ambler's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19002 zip code has the highest median property tax rate of 3.74%, while the same 19002 zip code has the lowest median tax rate of 3.74%. Understanding how these cities compare with Ambler 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 Ambler Tax Rate
3.74%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ambler, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19002 | 2.83% | 3.03% | 3.74% | 4.76% | 4.76% |
Source: Ownwell
Property Tax Assessment Values Across Ambler, Montgomery County, Pennsylvania
In Ambler, 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 Ambler, 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 Ambler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ambler is $7,772 in the 19002 zip code, which also has the lowest median tax bill.
Property Tax Assessment Values Across Ambler, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Ambler Assessed Value
$197,250
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 Ambler, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19002 | $97,580 | $135,170 | $197,250 | $286,720 | $398,650 |
Source: Ownwell
Property Tax Bills Across Ambler, Montgomery County, Pennsylvania
In Ambler, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is meant to reflect the property's market value. Homeowners in Ambler face a median property tax rate that can result in varying tax bills depending on their property's assessed value. For instance, a home with a median price of $197,250 might see a tax bill ranging from $5,018 at the 25th percentile to $14,473 at the 90th percentile. Several factors influence the final tax bill, including the property's location, improvements, and the local tax rate. The highest median tax bill in the area is $7,772, found in the 19002 zip code. This rate significantly impacts homeowners, as higher property taxes can affect monthly mortgage payments and overall affordability. Comparatively, the national median property tax rate is 0.99%, making it essential for Ambler residents to understand how local rates and assessed values influence their annual tax obligations.
Property Tax Bills Across Ambler, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Ambler Tax Bill
$7,772
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ambler, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19002 | $3,481 | $5,018 | $7,772 | $11,124 | $14,473 |
Source: Ownwell