Cedars, Pennsylvania Property Taxes
The median property tax rate in Cedars, PA is 3.63%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cedars at $207,285, the typical annual property tax bill reaches $7,772, far exceeding the national median of $2,690. Property taxes in Cedars are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedars' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cedars 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
Cedars, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$7,524
Ownwell’s Cedars Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedars with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedars 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 Cedars, Pennsylvania
Property taxes in Cedars, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedars is 1.35%, higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Cedars set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedars 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 Cedars' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in 19423 is 1.35%, while the lowest median tax rate in 19423 is also 1.35%. Understanding how these cities compare with Cedars 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 Cedars Tax Rate
3.63%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19423 | 3.63% | 3.63% | 3.63% | 3.63% | 4.04% |
Source: Ownwell
Property Tax Assessment Values Across Cedars, Pennsylvania
In Cedars, 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 Cedars, 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. For instance, the median home price in Cedars is $207,285, with the 25th percentile tax bill at $5,047 and the 75th percentile at $8,288. The highest median tax bill is $7,772 in zip code 19423. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedars Assessed Value
$207,285
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 Cedars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19423 | $110,331 | $133,755 | $207,285 | $238,550 | $443,341 |
Source: Ownwell
Property Tax Bills Across Cedars, Pennsylvania
In Cedars, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $207,285, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile of tax bills sits at $5,047, while the 75th percentile reaches $8,288. At the 90th percentile, tax bills can climb up to $10,408. Various factors influence these tax bills, including the home's market value, any applicable exemptions, and the specific tax rates set by local authorities. The impact on homeowners can be significant, with property taxes forming a substantial part of annual expenses. Understanding these factors is crucial for homeowners to budget effectively and explore potential tax savings. Notably, the highest median tax bill in the area is $7,772, a figure that underscores the importance of being informed about local property tax obligations.
Average Cedars 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 Cedars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19423 | $4,008 | $5,047 | $7,772 | $8,288 | $10,408 |
Source: Ownwell