Pennsburg, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Pennsburg, PA is 3.19%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Pennsburg at $136,575, the typical annual property tax bill soars to $4,598, far exceeding the national median of $2,690. Property taxes in Pennsburg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pennsburg'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 Pennsburg or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pennsburg, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$4,357
$4,043
Ownwell’s Pennsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pennsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pennsburg 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 Pennsburg, Montgomery County, Pennsylvania
Property taxes in Pennsburg, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pennsburg is 1.55%, 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 Pennsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pennsburg 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 Pennsburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18073 has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Pennsburg 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 Pennsburg Tax Rate
3.19%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pennsburg, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | 3.19% | 3.19% | 3.19% | 3.77% | 3.77% |
Source: Ownwell
Property Tax Assessment Values Across Pennsburg, Montgomery County, Pennsylvania
In Pennsburg, 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 property 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 Pennsburg, 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 Pennsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $4,598 in the 18073 zip code.
Property Tax Assessment Values Across Pennsburg, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Pennsburg Assessed Value
$136,575
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 Pennsburg, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | $85,830 | $110,785 | $136,575 | $172,520 | $215,695 |
Source: Ownwell
Property Tax Bills Across Pennsburg, Montgomery County, Pennsylvania
In Pennsburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the tax rate set by Montgomery County to determine the annual tax bill. For homeowners in Pennsburg, the median home price is $136,575. Property tax bills can vary significantly, with the 25th percentile at $3,778 and the 75th percentile at $5,614. At the higher end, the 90th percentile tax bill reaches $6,875. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Pennsburg's tax rates reflect the local government's budgetary needs and priorities. Homeowners should be aware of these tax obligations as they can significantly influence the overall cost of owning property in this area.
Property Tax Bills Across Pennsburg, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Pennsburg Tax Bill
$4,598
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pennsburg, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18073 | $3,128 | $3,778 | $4,598 | $5,614 | $6,875 |
Source: Ownwell