Royersford, Pennsylvania Property Taxes
The median property tax rate in Royersford, PA is 3.69%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Royersford at $132,415, the typical annual property tax bill reaches $4,998, exceeding the national median of $2,690. Property taxes in Royersford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Royersford'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 Royersford 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
Royersford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$4,886
Ownwell’s Royersford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Royersford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Royersford 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 Royersford, Pennsylvania
Property taxes in Royersford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Royersford is 1.56%, which is higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Royersford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Royersford 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 Royersford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19468 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 Royersford 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 Royersford Tax Rate
3.69%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Royersford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | 3.68% | 3.68% | 3.69% | 3.69% | 4.30% |
Source: Ownwell
Property Tax Assessment Values Across Royersford, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Royersford, 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 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. Assessment notices in Royersford 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 Royersford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19468 has both the highest and lowest median tax bills at $4,998.
Property Tax Assessment Values Across Royersford, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Royersford Assessed Value
$132,415
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 Royersford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | $78,100 | $99,978 | $132,415 | $171,490 | $222,133 |
Source: Ownwell
Property Tax Bills Across Royersford, Pennsylvania
In Royersford, Montgomery County, PA, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, the median home price in Royersford is $132,415, and homeowners can expect tax bills that vary widely. The 25th percentile tax bill is approximately $3,865, while the 75th percentile tax bill reaches around $6,322. At the higher end, the 90th percentile tax bill can go up to $8,129. These figures highlight the variability in property tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, the property tax rates in Royersford reflect local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their budgets accordingly.
Average Royersford Tax Bill
$4,998
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Royersford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19468 | $2,951 | $3,865 | $4,998 | $6,322 | $8,129 |
Source: Ownwell