Red Hill, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Red Hill, PA is 3.32%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $102,745, the typical annual property tax bill in Red Hill reaches $3,406, far exceeding the national median of $2,690. Property taxes in Red Hill are calculated based on the assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Red Hill'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 Red Hill or another part of Montgomery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Red Hill, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$3,411
$3,165
Ownwell’s Red Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Red Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Red Hill 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 Red Hill, Montgomery County, Pennsylvania
Property taxes in Red Hill, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Hill is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Red Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red Hill 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 Red Hill's effective property tax rate to the national median. Understanding how Red Hill compares with other regions 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 Red Hill Tax Rate
3.32%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Hill, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18076 | 3.19% | 3.32% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Red Hill, Montgomery County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Red Hill, Pennsylvania. 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 Montgomery County 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 Red Hill, 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 Red Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 18076, with a value of $3,406.
Property Tax Assessment Values Across Red Hill, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Red Hill Assessed Value
$102,745
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 Red Hill, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18076 | $53,078 | $79,048 | $102,745 | $123,270 | $141,154 |
Source: Ownwell
Property Tax Bills Across Red Hill, Montgomery County, Pennsylvania
In Red Hill, property tax bills are determined based on the assessed value of a home, which is influenced by the market value and local tax rates. The median home price in Red Hill is $102,745. Homeowners in this area face property tax bills that vary significantly. For instance, the 25th percentile tax bill stands at $2,616, while the 75th percentile reaches $4,071, and the 90th percentile peaks at $4,666. These figures illustrate the range of tax burdens depending on property value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Red Hill's rates can be considerably higher, impacting homeowners' annual expenses. The highest and lowest median tax bills in the area are both $3,406, pinpointed in the 18076 zip code, reflecting the consistency in tax rates within this locale. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Property Tax Bills Across Red Hill, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Red Hill Tax Bill
$3,406
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Hill, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18076 | $1,762 | $2,616 | $3,406 | $4,071 | $4,666 |
Source: Ownwell