Willow Grove, Montgomery County, Pennsylvania Property Taxes
The median property tax rate in Willow Grove, PA is 4.56%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $121,055, the typical annual property tax bill in Willow Grove reaches $5,476, far exceeding the national median of $2,690. Property taxes in Willow Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willow Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Willow Grove 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
Willow Grove, Montgomery County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.56%
Estimate Property Tax Bill
$5,520
$5,123
Ownwell’s Willow Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Grove 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 Willow Grove, Montgomery County, Pennsylvania
Property taxes in Willow Grove, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Willow Grove is 4.56%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Willow Grove set these rates annually, and they can vary considerably across different neighborhoods. Each year, Willow Grove 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 Willow Grove's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19090 zip code has the highest median property tax rate of 4.56%, while the same zip code also has the lowest median tax rate of 4.56%. Understanding how these areas compare with Willow Grove 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.
Property Tax Rates Across Willow Grove, Montgomery County, Pennsylvania
Source: Ownwell
1.55%
4.08%
6.60%
Average Willow Grove Tax Rate
4.56%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Grove, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19090 | 4.44% | 4.44% | 4.56% | 4.56% | 4.56% |
Source: Ownwell
Property Tax Assessment Values Across Willow Grove, Montgomery County, Pennsylvania
In Willow Grove, 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 Willow Grove, 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 median home price in Willow Grove is $121,055, with tax bills ranging from $4,838 at the 25th percentile to $7,178 at the 90th percentile. 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 Willow Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Willow Grove, Montgomery County, Pennsylvania
Source: Ownwell
$67,160
$296,195
$525,230
Average Willow Grove Assessed Value
$121,055
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 Willow Grove, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19090 | $89,500 | $107,575 | $121,055 | $136,258 | $155,343 |
Source: Ownwell
Property Tax Bills Across Willow Grove, Montgomery County, Pennsylvania
Property tax bills in Willow Grove, Montgomery County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Once the assessed value is established, the local tax rate, expressed as a percentage, is applied to calculate the annual tax bill. Homeowners in Willow Grove face varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is $4,838, while the 75th percentile is $6,224, and the 90th percentile reaches $7,178. These figures indicate a range of property tax burdens, with some homeowners paying significantly more than others. The median home price in Willow Grove is $121,055, which influences the overall tax liability. Compared to the national median property tax rate of 0.99%, Willow Grove's tax rates can be relatively high, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Property Tax Bills Across Willow Grove, Montgomery County, Pennsylvania
Source: Ownwell
$2,471
$12,110
$21,748
Average Willow Grove Tax Bill
$5,476
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Grove, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19090 | $4,016 | $4,838 | $5,476 | $6,224 | $7,178 |
Source: Ownwell