Pottstown, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Pottstown, PA is 4.76%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Pottstown at $92,265, the typical annual property tax bill reaches $4,963, far exceeding the national median of $2,690. Property taxes in Pottstown 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 Pottstown'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 Pottstown 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
Pottstown, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.76%
Estimate Property Tax Bill
$4,392
$4,075
Ownwell’s Pottstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pottstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pottstown 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 Pottstown, Montgomery County, Pennsylvania
Property taxes in Pottstown, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pottstown is 2.01%, significantly higher than the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Pottstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottstown 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 Pottstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19465 zip code has the highest median property tax rate of 2.25%, while the 19464 zip code has the lowest median tax rate of 1.85%. Understanding how these cities compare with Pottstown 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 Pottstown Tax Rate
4.76%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pottstown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | 4.65% | 4.75% | 4.76% | 6.05% | 6.05% |
| 19465 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Pottstown, Montgomery County, Pennsylvania
In Pottstown, 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 Pottstown, 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 highest median tax bill in Pottstown is $6,320 in the 19465 zip code, while the lowest is $4,963 in the 19464 zip code. 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 Pottstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pottstown, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Pottstown Assessed Value
$92,265
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 Pottstown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | $53,040 | $71,460 | $92,250 | $127,130 | $161,040 |
| 19465 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Pottstown, Montgomery County, Pennsylvania
In Pottstown, 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 property tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Pottstown face property tax bills that vary widely. The median home price is $92,265, with tax bills ranging from the 25th percentile at $3,907 to the 90th percentile at $7,385. The highest median tax bill in the area is $6,320, found in zip code 19465, while the lowest is $4,963 in zip code 19464. These property taxes impact homeowners significantly, often representing a substantial portion of their annual expenses. Compared to the national median property tax rate of 0.99%, Pottstown's tax rates can be relatively high, affecting affordability and homeownership costs.
Property Tax Bills Across Pottstown, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Pottstown Tax Bill
$4,963
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pottstown, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19464 | $3,029 | $3,907 | $4,963 | $6,124 | $7,385 |
| 19465 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell