Blue Bell, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Blue Bell, PA is 3.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Blue Bell at $207,050, the typical annual property tax bill reaches $6,272, exceeding the national median of $2,690. Property taxes in Blue Bell 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 Blue Bell'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 Blue Bell or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Bell, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$6,274
$5,822
Ownwell’s Blue Bell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Bell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Bell 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 Blue Bell, Montgomery County, Pennsylvania
Property taxes in Blue Bell, Pennsylvania, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Bell is 1.56%, which is higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Blue Bell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Bell 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 Blue Bell's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19422 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Blue Bell 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 Blue Bell Tax Rate
3.03%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Bell, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19422 | 3.03% | 3.03% | 3.03% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Blue Bell, Montgomery County, Pennsylvania
In Blue Bell, 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 Montgomery County 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 Blue Bell, 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 Blue Bell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Blue Bell is $6,272 in zip code 19422, while the lowest is also $6,272 in the same zip code.
Property Tax Assessment Values Across Blue Bell, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Blue Bell Assessed Value
$207,050
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 Blue Bell, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19422 | $106,440 | $160,180 | $207,050 | $280,800 | $377,336 |
Source: Ownwell
Property Tax Bills Across Blue Bell, Montgomery County, Pennsylvania
In Blue Bell, located in Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area face a median property tax bill of $6,272, which is significantly higher than the national median property tax rate of 0.99%. The assessed value is determined by county assessors and is influenced by factors such as the property's market value, location, and condition. For example, with a median home price of $207,050, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $4,855, while those at the 75th percentile could see bills as high as $8,464. The top 10% of homeowners face even steeper bills, with amounts reaching up to $11,377. These taxes fund essential local services like schools, public safety, and infrastructure. Therefore, understanding how property tax bills are calculated is crucial for homeowners as it directly impacts their annual financial planning and overall cost of homeownership.
Property Tax Bills Across Blue Bell, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Blue Bell Tax Bill
$6,272
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Bell, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19422 | $3,224 | $4,855 | $6,272 | $8,464 | $11,377 |
Source: Ownwell