Creamery, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Creamery, PA is 4.04%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Creamery, the typical annual property tax bill reaches $4,862, surpassing the national median of $2,690. Property taxes in Creamery 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 Creamery'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 Creamery 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
Creamery, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.04%
Estimate Property Tax Bill
$4,862
$4,512
Ownwell’s Creamery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creamery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creamery 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 Creamery, Montgomery County, Pennsylvania
Property taxes in Creamery, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creamery is 1.56%, higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Creamery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creamery 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 Creamery's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19430 zip code has the highest median property tax rate of 1.56%, while the same 19430 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Creamery 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 Creamery Tax Rate
4.04%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creamery, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19430 | 4.04% | 4.04% | 4.04% | 4.04% | 4.04% |
Source: Ownwell
Property Tax Assessment Values Across Creamery, Montgomery County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Creamery, PA. 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 Creamery, 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 Creamery helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4862 in the 19430 zip code, while the lowest median tax bill is also $4862 in the same zip code.
Property Tax Assessment Values Across Creamery, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Creamery Assessed Value
$120,350
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 Creamery, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19430 | $95,226 | $107,190 | $120,350 | $165,000 | $197,020 |
Source: Ownwell
Property Tax Bills Across Creamery, Montgomery County, Pennsylvania
In Creamery, Montgomery County, PA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Creamery, the median home price is $120,350. Property tax bills can vary significantly, with the 25th percentile at $4,330 and the 75th percentile at $6,665, while the 90th percentile reaches up to $7,959. These figures indicate that property taxes in Creamery can be quite substantial compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these components can help homeowners better anticipate their annual tax obligations and explore potential avenues for tax relief.
Property Tax Bills Across Creamery, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Creamery Tax Bill
$4,862
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Creamery, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19430 | $3,847 | $4,330 | $4,862 | $6,665 | $7,959 |
Source: Ownwell