Gwynedd Vly, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Gwynedd Valley, PA is 2.83%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $444,155 in Gwynedd Valley, the typical annual property tax bill reaches $12,570, far exceeding the national median of $2,690. Property taxes in Gwynedd Valley are based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Gwynedd Valley'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 Gwynedd Valley 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
Gwynedd Vly, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$12,570
$11,664
Ownwell’s Gwynedd Vly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gwynedd Vly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gwynedd Vly 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 Gwynedd Vly, Montgomery County, Pennsylvania
Property taxes in Gwynedd Valley, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gwynedd Valley is 1.35%, higher than both the Pennsylvania state median of 1.30% and the U.S. national median of 0.99%. Local government entities within Gwynedd Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gwynedd Valley 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 Gwynedd Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code with the highest median property tax rate in the area is 19437, which also has a rate of 1.35%, while the lowest median tax rate is also found in the same zip code. Understanding how these rates compare with Gwynedd Valley 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.
Property Tax Rates Across Gwynedd Vly, Montgomery County, Pennsylvania
Source: Ownwell
1.55%
4.08%
6.60%
Average Gwynedd Vly Tax Rate
2.83%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gwynedd Vly, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Gwynedd Vly, Montgomery County, Pennsylvania
In Gwynedd Vly, 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 Gwynedd Vly, 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 Gwynedd Vly 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 $12,570 in zip code 19437.
Property Tax Assessment Values Across Gwynedd Vly, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Gwynedd Vly Assessed Value
$444,155
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 Gwynedd Vly, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | $324,374 | $369,250 | $444,155 | $483,295 | $529,189 |
Source: Ownwell
Property Tax Bills Across Gwynedd Vly, Montgomery County, Pennsylvania
In Gwynedd Valley, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $444,155, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $10,450, while the 75th percentile reaches approximately $13,677. At the 90th percentile, the tax bill can climb to $14,976. Several factors influence this tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. These factors collectively determine the financial obligation of homeowners. With the national median property tax rate at 0.99%, Montgomery County stands out with significantly higher tax bills, impacting homeowners by increasing their annual financial commitments. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Property Tax Bills Across Gwynedd Vly, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Gwynedd Vly Tax Bill
$12,570
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gwynedd Vly, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19437 | $9,179 | $10,450 | $12,570 | $13,677 | $14,976 |
Source: Ownwell