Huntingdon Valley, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Huntingdon Valley, PA is 4.82%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Huntingdon Valley at $195,800, the typical annual property tax bill reaches $9,289, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huntingdon 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 Huntingdon Valley 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
Huntingdon Valley, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.82%
Estimate Property Tax Bill
$9,438
$8,758
Ownwell’s Huntingdon Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntingdon Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntingdon Valley 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 Huntingdon Valley, Montgomery County, Pennsylvania
Property taxes in Huntingdon Valley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingdon Valley is 4.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Huntingdon Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntingdon 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 Huntingdon Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19006 zip code has both the highest and lowest median property tax rate of 4.82%. Understanding how these cities compare with Huntingdon 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 Huntingdon Valley, Montgomery County, Pennsylvania
Source: Ownwell
1.55%
4.08%
6.60%
Average Huntingdon Valley Tax Rate
4.82%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingdon Valley, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | 4.44% | 4.44% | 4.82% | 4.83% | 4.83% |
Source: Ownwell
Property Tax Assessment Values Across Huntingdon Valley, Montgomery County, Pennsylvania
In Huntingdon Valley, 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 Huntingdon Valley, 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 Huntingdon Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $195,800, with the highest median tax bill being $9,289 in zip code 19006.
Property Tax Assessment Values Across Huntingdon Valley, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Huntingdon Valley Assessed Value
$195,800
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 Huntingdon Valley, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $126,938 | $156,910 | $195,800 | $242,950 | $340,786 |
Source: Ownwell
Property Tax Bills Across Huntingdon Valley, Montgomery County, Pennsylvania
In Huntingdon Valley, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Huntingdon Valley face a median property tax bill of $9,289, which is significantly higher than the national median of 0.99%. Factors such as the property's location, size, and improvements can influence the assessed value and, consequently, the tax bill. For instance, the tax bill at the 25th percentile is $7,268, while it rises to $11,505 at the 75th percentile and can reach up to $15,711 at the 90th percentile. High property taxes can impact homeowners by increasing their annual expenses, which can be a significant consideration when purchasing or maintaining a home in this area.
Property Tax Bills Across Huntingdon Valley, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Huntingdon Valley Tax Bill
$9,289
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingdon Valley, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $5,800 | $7,268 | $9,289 | $11,505 | $15,711 |
Source: Ownwell