Property Taxes in Cheltenham, Pennsylvania
Median Cheltenham, Pennsylvania effective property tax rate: 6.68%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Cheltenham, Pennsylvania home value: $124,150
Median annual Cheltenham, Pennsylvania tax bill: $8,280, $5,880 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Cheltenham, Pennsylvania are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cheltenham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheltenham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cheltenham Property Tax Calculator Work?
Use this Cheltenham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cheltenham's median effective tax rate of 6.68% — based on actual property records in Montgomery County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cheltenham's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cheltenham: rates range from 6.68% in 19012 to 6.68% in 19012, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cheltenham.
About Cheltenham Property Taxes
About Property Taxes in Cheltenham, Montgomery, Pennsylvania
Cheltenham’s median effective property tax rate of 6.68% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Montgomery County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cheltenham. Homeowners in the 19012 ZIP code carry a median effective rate of 6.68%, while those in the same ZIP also pay 6.68%. This reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Cheltenham you live in can make a meaningful difference to your annual tax bill.
Cheltenham homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cheltenham, Montgomery County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Cheltenham's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cheltenham Tax Rate
6.68%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Montgomery County Tax Rate
4.18%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Cheltenham, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19012 | 6.68% | 6.68% | 6.68% | 6.68% | 6.68% |
Source: Ownwell
Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania
When examining property taxes in Cheltenham, Pennsylvania, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County assessment office estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices in Montgomery County are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice with both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Cheltenham is $124,150, with tax bills ranging significantly across the county. Zip code 19012 has the highest median home price at $124,150.
Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania
Source: Ownwell
$67,095
$340,923
$614,750
Median Cheltenham Market Value
$124,150
Median Montgomery County Market Value
$143,130
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cheltenham, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19012 | $86,127 | $105,755 | $124,150 | $151,992 | $185,000 |
Source: Ownwell
Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania
How are property tax bills calculated in Cheltenham?
Property tax bills in Cheltenham are based on the assessed value of a home and the local tax rate set by Montgomery County and other taxing authorities. When a property’s assessed value rises, the tax bill can increase even if the homeowner has not made any changes to the home. The median home price is $124,150, which helps show the value level used to determine local tax obligations.
What factors affect the amount homeowners pay?
The final bill depends on the home’s assessed value, exemptions, and the combined rates applied by local governments. In Cheltenham, the median property tax bill is $8,280, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $7,016 and the 90th percentile at $12,355. For homeowners, that means property taxes can be a major part of annual housing costs and can change over time as assessments are updated.
Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania
Source: Ownwell
$2,589
$11,874
$21,159
Median Cheltenham Tax Bill
$8,280
Median Montgomery County Tax Bill
$5,995
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Cheltenham, Montgomery County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19012 | $5,733 | $7,016 | $8,280 | $10,142 | $12,355 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 1 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | propertyrecords.montcopa.org |