Cheltenham, Montgomery County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cheltenham, PA effective property tax rate: 6.60%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Cheltenham, PA home value: $123,980
Median annual Cheltenham, PA tax bill: $8,176, $5,776 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Cheltenham, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cheltenham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheltenham, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cheltenham, Montgomery County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.6%

Estimate Property Tax Bill

$8,183

$7,593

Ownwell’s Cheltenham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cheltenham with just two data points. By entering your property's estimated assessed value, our calculator applies Cheltenham’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cheltenham, Montgomery County, Pennsylvania

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the core of the annual process. Cheltenham in Montgomery County, Pennsylvania, stands out with its effective property tax rate. Compared to other cities in Pennsylvania, Cheltenham's rate is notably high, reflecting the county's budgetary requirements and property values. The median property tax rate in Cheltenham is 6.60%, which is significantly higher than both the state and national medians. The national median property tax rate is 1.02%, and the national median property tax bill is $2,400. This stark contrast highlights the variability in property tax rates across different regions and underscores the importance of understanding local tax obligations.

Property Tax Rates Across Cheltenham, Montgomery County, Pennsylvania

Source: Ownwell

1.55%

4.08%

6.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cheltenham Tax Rate

6.60%

Median Effective Montgomery County Tax Rate

3.94%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cheltenham, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19012	6.60%	6.60%	6.60%	6.60%	6.60%

Source: Ownwell

Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania

When examining property taxes in Cheltenham, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cheltenham. For example, the median home price in Cheltenham is $123,980, with tax bills ranging significantly across the county. Zip code 19012 has the highest median home price at $123,980.

Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania

Source: Ownwell

$67,160

$296,195

$525,230

Median Cheltenham Market Value

$123,980

Median Montgomery County Market Value

$143,105

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19012	$87,092	$106,665	$123,980	$149,170	$178,602

Source: Ownwell

Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania

In Cheltenham, located in Montgomery County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. Cheltenham homeowners face a median property tax bill of $8,176, which is significantly higher than the national median of $2,400. Factors influencing this tax bill include the property's assessed value, local tax rates, and any applicable exemptions. With property tax bills ranging from $7,000 at the 25th percentile to $11,790 at the 90th percentile, high property taxes can be a financial burden for homeowners.

Ownwell can help homeowners in Cheltenham reduce their property tax bills by offering expert property tax appeal services. By reviewing your property's assessed value and identifying potential discrepancies, Ownwell can assist in filing an appeal, potentially lowering your tax bill and providing significant savings.

Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania

Source: Ownwell

$2,471

$12,110

$21,748

Median Cheltenham Tax Bill

$8,176

Median Montgomery County Tax Bill

$5,764

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19012	$5,740	$7,000	$8,176	$9,836	$11,790

Source: Ownwell