Meadowbrook, Pennsylvania Property Taxes
The median property tax rate in Meadowbrook, PA is 4.44%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Meadowbrook at $187,340, the typical annual property tax bill reaches $8,314, far exceeding the national median of $2,690. Property taxes in Meadowbrook 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 Meadowbrook'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 Meadowbrook 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
Meadowbrook, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.44%
Estimate Property Tax Bill
$8,318
Ownwell’s Meadowbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadowbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadowbrook 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 Meadowbrook, Pennsylvania
Property taxes in Meadowbrook, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadowbrook is 4.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Meadowbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadowbrook 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 Meadowbrook's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19046 has the highest median property tax rate of 4.44%, while the same zip code also holds the lowest median tax rate of 4.44%. Understanding how these cities compare with Meadowbrook 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 Meadowbrook Tax Rate
4.44%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadowbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | 4.44% | 4.44% | 4.44% | 4.44% | 4.44% |
Source: Ownwell
Property Tax Assessment Values Across Meadowbrook, Pennsylvania
In Meadowbrook, 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. Assessment notices in Meadowbrook 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 Meadowbrook 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 $8,314 in zip code 19046, while the lowest is also $8,314 in the same zip code.
Property Tax Assessment Values Across Meadowbrook, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Meadowbrook Assessed Value
$187,340
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 Meadowbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $160,504 | $166,105 | $187,340 | $285,295 | $298,232 |
Source: Ownwell
Property Tax Bills Across Meadowbrook, Pennsylvania
In Meadowbrook, Montgomery County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically reassessed to reflect changes in the real estate market. Factors such as property size, location, and improvements can influence this value. For homeowners in Meadowbrook, the median home price is $187,340. Property tax bills can vary significantly, with the 25th percentile paying around $7,371 and the 75th percentile facing bills up to $12,660. The 90th percentile sees tax bills as high as $13,235. Comparatively, the highest and lowest median tax bills in the area are both $8,314, indicating some consistency in tax assessments within specific zip codes. These tax bills can significantly impact homeowners, affecting monthly mortgage payments and overall affordability. Understanding how these taxes are calculated can help homeowners budget effectively and potentially seek exemptions or appeals to reduce their financial burden.
Average Meadowbrook Tax Bill
$8,314
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadowbrook, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19046 | $7,123 | $7,371 | $8,314 | $12,660 | $13,235 |
Source: Ownwell