Newtown Square, Montgomery County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Newtown Square, Montgomery County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Newtown Square, PA effective property tax rate: 3.35%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Newtown Square, PA home value: $83,960
Median annual Newtown Square, PA tax bill: $2,815, $415 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Newtown Square, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Newtown Square’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newtown Square, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newtown Square, Montgomery County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.35%

Estimate Property Tax Bill

$2,813

$2,610

Ownwell’s Newtown Square Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newtown Square with just two data points. By entering your property's estimated assessed value, our calculator applies Newtown Square’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Delaware County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Newtown Square, Montgomery County, Pennsylvania

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide services, then divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.

In Newtown Square, located in Delaware County, PA, the effective property tax rate is 1.35%, slightly higher than the national median rate of 1.02%. However, it's worth noting that the median property tax rate in Pennsylvania is 1.58%, which is higher than Newtown Square's rate. This indicates that property taxes in Newtown Square are relatively moderate compared to other areas in the state. Meanwhile, the median property tax bill in Newtown Square is $3,500, significantly above the national median of $2,400. This suggests that while the rate is moderate, property values or assessments may be higher, contributing to a larger tax bill.

Property Tax Rates Across Newtown Square, Montgomery County, Pennsylvania

Source: Ownwell

1.55%

4.08%

6.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Newtown Square Tax Rate

3.35%

Median Effective Montgomery County Tax Rate

3.94%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newtown Square, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19073	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Newtown Square, Montgomery County, Pennsylvania

When examining property taxes in Newtown Square, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Newtown Square. For example, the median home price in Newtown Square is $83,960, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Newtown Square, Montgomery County, Pennsylvania

Source: Ownwell

$67,160

$296,195

$525,230

Median Newtown Square Market Value

$83,960

Median Montgomery County Market Value

$143,105

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newtown Square, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19073	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Newtown Square, Montgomery County, Pennsylvania

In Newtown Square, Montgomery County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessment is typically a percentage of the market value, and the tax rate is set by local authorities. Homeowners in Newtown Square face a median property tax bill of $2,815, which is higher than the national median of $2,400. This discrepancy highlights the importance of understanding how local assessments and rates can impact your financial obligations. Factors such as changes in property value, local budget demands, and school district funding can influence the tax bill. For homeowners, this can mean a significant financial burden, especially if property values rise or if there are changes in local tax rates. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering tax bills. Through professional analysis and representation, Ownwell helps ensure that homeowners are not overpaying, making the process of appealing property taxes straightforward and effective.

Property Tax Bills Across Newtown Square, Montgomery County, Pennsylvania

Source: Ownwell

$2,471

$12,110

$21,748

Median Newtown Square Tax Bill

$2,815

Median Montgomery County Tax Bill

$5,764

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Newtown Square, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19073	N/A	N/A	N/A	N/A	N/A

Source: Ownwell