Barto, Pennsylvania Property Taxes
The median property tax rate in Barto, PA is 3.75%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Barto at $141,570, the typical annual property tax bill reaches $5,194, well above the national median of $2,690. Property taxes in Barto are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Barto'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 Barto 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
Barto, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.75%
Estimate Property Tax Bill
$5,309
Ownwell’s Barto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barto 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 Barto, Pennsylvania
Property taxes in Barto, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barto is 1.50%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Barto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barto 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 Barto's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19504 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Barto 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 Barto 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 Barto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19504 | 2.50% | 3.75% | 3.75% | 3.75% | 3.75% |
Source: Ownwell
Property Tax Assessment Values Across Barto, Pennsylvania
In Barto, 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 Appraisal District 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 Barto, 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 Barto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in Barto, the highest median tax bill is $5,194 in zip code 19504, while the lowest median tax bill is also $5,194 in the same zip code. This highlights the importance of understanding your property’s assessed value to ensure you are not overpaying.
Average Barto Assessed Value
$141,570
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 Barto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19504 | $101,132 | $120,530 | $141,570 | $181,035 | $227,524 |
Source: Ownwell
Property Tax Bills Across Barto, Pennsylvania
In Barto, 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 tax rate to determine the annual property tax bill. For homeowners in Barto, the median home price is $141,570, and the property tax rate is notably higher than the national median of 0.99%. Factors such as property size, location, and improvements can influence the assessed value. For instance, homeowners in the 25th percentile can expect a tax bill of around $4,390, while those in the 75th percentile might see bills as high as $6,514. At the 90th percentile, tax bills can reach up to $7,683. The highest median tax bill in the area is $5,194, recorded in the zip code 19504. These property taxes significantly impact homeowners, contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners anticipate and manage their annual tax obligations effectively.
Average Barto Tax Bill
$5,194
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Barto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19504 | $3,526 | $4,390 | $5,194 | $6,514 | $7,683 |
Source: Ownwell