Dresher, Pennsylvania Property Taxes
The median property tax rate in Dresher, PA is 4.76%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $208,350, the typical annual property tax bill in Dresher reaches $9,917, far exceeding the national median of $2,690. Property taxes in Dresher are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dresher'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 Dresher 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
Dresher, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.76%
Estimate Property Tax Bill
$9,917
Ownwell’s Dresher Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dresher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dresher to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Montgomery County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Dresher, Pennsylvania
Property taxes in Dresher, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dresher is 4.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Dresher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dresher 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 Dresher's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19025 has the highest median property tax rate of 4.76%, while the same zip code also has the lowest median tax rate of 4.76%. Understanding how these cities compare with Dresher 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 Dresher Tax Rate
4.76%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dresher, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19025 | 4.76% | 4.76% | 4.76% | 4.76% | 4.76% |
Source: Ownwell
Property Tax Assessment Values Across Dresher, Pennsylvania
In Dresher, 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 Dresher, 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 Dresher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dresher, the median home price is $208,350. The highest median tax bill is $9,917 in the 19025 zip code, while the lowest median tax bill is also $9,917 in the same zip code. By understanding these figures, homeowners can better anticipate their property tax obligations and explore ways to reduce their tax burden.
Average Dresher Assessed Value
$208,350
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 Dresher, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19025 | $136,774 | $174,280 | $208,350 | $294,310 | $339,842 |
Source: Ownwell
Property Tax Bills Across Dresher, Pennsylvania
Property tax bills in Dresher, Montgomery County, PA, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Factors such as property size, location, and condition influence this assessed value. For homeowners in Dresher, the median home price is $208,350. The property tax rate in Montgomery County is higher than the national median of 0.99%, resulting in significant tax bills. For instance, the 25th percentile tax bill is $8,297, while the 75th percentile tax bill reaches $13,988. At the 90th percentile, homeowners can expect to pay around $16,110 annually. These property taxes can significantly impact homeowners, influencing decisions on purchasing and maintaining property. High property taxes can also affect the overall cost of living and the attractiveness of the area for potential buyers. Understanding these factors is crucial for homeowners planning their finances and for those considering moving to Dresher.
Average Dresher Tax Bill
$9,917
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dresher, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19025 | $6,502 | $8,297 | $9,917 | $13,988 | $16,110 |
Source: Ownwell