Flourtown, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Flourtown, PA is 4.55%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Flourtown at $158,230, the typical annual property tax bill reaches $7,008, exceeding the national median of $2,690. Property taxes in Flourtown 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 Flourtown'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 Flourtown 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
Flourtown, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.55%
Estimate Property Tax Bill
$7,199
$6,681
Ownwell’s Flourtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flourtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flourtown 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 Flourtown, Montgomery County, Pennsylvania
Property taxes in Flourtown, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flourtown is 1.49%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Flourtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flourtown 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 Flourtown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19031 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Flourtown 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 Flourtown Tax Rate
4.55%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flourtown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19031 | 3.14% | 3.14% | 4.55% | 4.55% | 4.55% |
Source: Ownwell
Property Tax Assessment Values Across Flourtown, Montgomery County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Flourtown, Pennsylvania. The market value represents 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 Flourtown, 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 Flourtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19031 has both the highest and lowest median tax bill at $7008.
Property Tax Assessment Values Across Flourtown, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Flourtown Assessed Value
$158,230
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 Flourtown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19031 | $123,776 | $139,995 | $158,230 | $229,445 | $341,926 |
Source: Ownwell
Property Tax Bills Across Flourtown, Montgomery County, Pennsylvania
In Flourtown, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by local tax assessors and is used to calculate the tax bill by applying the local tax rate. For homeowners in Flourtown, the median home price is $158,230, and the tax rates result in a median tax bill of $7,008. This figure is notably higher than the national median property tax rate of 0.99%. Factors that influence the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect tax bills around $6,115, while those in the 75th percentile may see bills as high as $9,068. At the 90th percentile, tax bills can reach up to $11,063. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community.
Property Tax Bills Across Flourtown, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Flourtown Tax Bill
$7,008
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Flourtown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19031 | $4,980 | $6,115 | $7,008 | $9,068 | $11,063 |
Source: Ownwell