Hatfield, Pennsylvania Property Taxes
The median property tax rate in Hatfield, PA is 3.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hatfield, the typical annual property tax bill reaches $5,534, significantly exceeding the national median of $2,690. Property taxes in Hatfield 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 Hatfield'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 Hatfield 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
Hatfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.83%
Estimate Property Tax Bill
$5,546
Ownwell’s Hatfield Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Hatfield, Montgomery County, PA. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Hatfield to provide an accurate estimate of your property tax bill. This valuable resource allows you to grasp potential tax liabilities with ease. For those keen on understanding neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hatfield, Pennsylvania
Property taxes in Hatfield, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hatfield is 3.83%, significantly higher than both the Pennsylvania state median of 1.58% and the U.S. national median of 0.99%. Local government entities within Hatfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hatfield 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 Hatfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19440 zip code has the highest median property tax rate of 3.83%, while the same zip code also has the lowest median tax rate of 3.83%. Understanding how these cities compare with Hatfield 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 Hatfield Tax Rate
3.83%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hatfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19440 | 3.63% | 3.83% | 3.83% | 3.83% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Hatfield, Pennsylvania
In Hatfield, 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 Hatfield, 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. For instance, the median home price in Hatfield is $144,805, with tax bills ranging significantly. The lowest median tax bill is $4,408 in the 19440 zip code, while the highest reaches $7,465. Being aware of these valuation processes in Hatfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hatfield Assessed Value
$144,805
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 Hatfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19440 | $97,571 | $116,492 | $144,805 | $170,162 | $194,650 |
Source: Ownwell
Property Tax Bills Across Hatfield, Pennsylvania
In Hatfield, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county. The assessed value is a percentage of the property's market value. Homeowners in Hatfield can expect their tax bills to vary significantly depending on their property's assessed value and the local tax rate. For example, the median home price in Hatfield is $144,805, and property tax bills can range from $4,408 at the 25th percentile to $6,460 at the 75th percentile, with the 90th percentile reaching up to $7,465. Several factors influence the final tax bill, including the property's location within Montgomery County and any applicable exemptions or abatements. The highest median tax bill in the area is $5,534, which is notably higher than the national median property tax rate of 0.99%. This considerable variation in tax bills affects homeowners' financial planning and can impact decisions related to property purchases and long-term investments.
Average Hatfield Tax Bill
$5,534
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hatfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19440 | $3,642 | $4,408 | $5,534 | $6,460 | $7,465 |
Source: Ownwell