Montgomeryville, Pennsylvania Property Taxes
The median property tax rate in Montgomeryville, PA is 3.56%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $115,080 in Montgomeryville, the typical annual property tax bill reaches $4,096, far exceeding the national median of $2,690. Property taxes in Montgomeryville 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 Montgomeryville'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 Montgomeryville 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
Montgomeryville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.56%
Estimate Property Tax Bill
$4,097
Ownwell’s Montgomeryville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Montgomeryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montgomeryville 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 Montgomeryville, Pennsylvania
Property taxes in Montgomeryville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montgomeryville is 1.56%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Montgomeryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montgomeryville 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 Montgomeryville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18936 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Montgomeryville 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 Montgomeryville Tax Rate
3.56%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montgomeryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18936 | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Montgomeryville, Pennsylvania
In Montgomeryville, 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 Montgomeryville, 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. For instance, the median home price in Montgomeryville is $115,080, with tax bills ranging from $4,018 at the 25th percentile to $4,671 at the 90th percentile. The highest and lowest median tax bills are both $4,096, found in the 18936 zip code. By understanding 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 Montgomeryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Montgomeryville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Montgomeryville Assessed Value
$115,080
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 Montgomeryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18936 | $110,380 | $112,880 | $115,080 | $118,085 | $131,218 |
Source: Ownwell
Property Tax Bills Across Montgomeryville, Pennsylvania
In Montgomeryville, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, known as the millage rate, is then applied to this assessed value to calculate the total tax bill. For example, in Montgomeryville, the median home price is $115,080, and the property tax rate is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Montgomeryville can expect to pay a median property tax bill of approximately $4,096, which is significantly higher than the national average. This tax burden can vary, with the 25th percentile of tax bills being around $4,018 and the 90th percentile reaching up to $4,671. These taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they contribute to the overall cost of owning property in Montgomeryville.
Average Montgomeryville Tax Bill
$4,096
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Montgomeryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18936 | $3,929 | $4,018 | $4,096 | $4,202 | $4,671 |
Source: Ownwell