Salfordville, Pennsylvania Property Taxes
The median property tax rate in Salfordville, PA is 3.76%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Salfordville at $147,000, the typical annual property tax bill reaches $5,150, surpassing the national median of $2,690. Property taxes in Salfordville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Salfordville'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 Salfordville 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
Salfordville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.76%
Estimate Property Tax Bill
$5,527
Ownwell’s Salfordville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salfordville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salfordville 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 Salfordville, Pennsylvania
Property taxes in Salfordville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salfordville is 1.55%, higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Salfordville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salfordville 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 Salfordville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18958 zip code has the highest median property tax rate of 1.55%, while the lowest median tax rate in the same zip code is also 1.55%. Understanding how these cities compare with Salfordville 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 Salfordville Tax Rate
3.76%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salfordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18958 | 2.29% | 3.76% | 3.76% | 3.76% | 3.76% |
Source: Ownwell
Property Tax Assessment Values Across Salfordville, Pennsylvania
In Salfordville, 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 Salfordville, 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 Salfordville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18958 has the highest median tax bill at $5,150, whereas other areas may have varying tax burdens.
Property Tax Assessment Values Across Salfordville, Pennsylvania
Source: Ownwell
$33,380
$293,475
$553,570
Average Salfordville Assessed Value
$147,000
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 Salfordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18958 | $81,689 | $128,958 | $147,000 | $224,398 | $270,506 |
Source: Ownwell
Property Tax Bills Across Salfordville, Pennsylvania
In Salfordville, PA, 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 local tax rate to determine the annual tax bill. For example, with a median home price of $147,000, homeowners can expect varying tax bills depending on the specific assessment and tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Salfordville, tax bills can range significantly, with the 25th percentile at $4,738 and the 75th percentile reaching $6,385. For those at the 90th percentile, tax bills can be as high as $8,802. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Salfordville residents may find their tax rates comparatively higher, which can impact overall affordability and homeownership costs in the area.
Average Salfordville Tax Bill
$5,150
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Salfordville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18958 | $3,070 | $4,738 | $5,150 | $6,385 | $8,802 |
Source: Ownwell