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King Of Prussia, Montgomery County, Pennsylvania Property Taxes

  • Median King of Prussia, PA effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.

  • Median King of Prussia, PA home value: $139,450

  • Median annual King of Prussia, PA tax bill: $4,146, $1,746 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in King of Prussia, PA 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 King of Prussia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in King of Prussia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

King Of Prussia, Montgomery County, Pennsylvania Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.97%

Estimate Property Tax Bill

$4,142

$3,843

Ownwell’s King of Prussia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in King of Prussia with just two data points.

By entering your property's estimated assessed value, our calculator applies King of Prussia’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across King Of Prussia, Montgomery County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. 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 King of Prussia’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S. King of Prussia, located in Montgomery County, stands out with a median property tax rate of 2.97%. This rate significantly exceeds the national median property tax rate of 1.02%. Homeowners in King of Prussia face one of the highest property tax rates in the nation, which can impact overall affordability. By understanding these rates, residents can better navigate their property tax obligations and potentially explore opportunities for tax appeals or exemptions.

Property Tax Rates Across King Of Prussia, Montgomery County, Pennsylvania

Source: Ownwell

1.55%

4.08%

6.60%

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 King Of Prussia Tax Rate

2.97%

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

3.94%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across King Of Prussia, Montgomery County, Pennsylvania

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
194062.97%2.97%2.97%2.97%2.97%

Source: Ownwell

Property Tax Assessment Values Across King Of Prussia, Montgomery County, Pennsylvania

When examining property taxes in King of Prussia, PA, 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 appraisal district 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.

In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in King of Prussia. For example, the median home price in King of Prussia is $139,450, with tax bills ranging significantly across the county. Zip code 19406 has the highest median home price at $139,450.

Property Tax Assessment Values Across King Of Prussia, Montgomery County, Pennsylvania

Source: Ownwell

$67,160

$296,195

$525,230

Median King Of Prussia Market Value

$139,450

Median Montgomery County Market Value

$143,105

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across King Of Prussia, Montgomery County, Pennsylvania

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
19406$95,995$118,855$139,450$167,388$209,260

Source: Ownwell

Property Tax Bills Across King Of Prussia, Montgomery County, Pennsylvania

In King of Prussia, located in Montgomery County, PA, property tax bills are determined based on the assessed value of a home. This assessed value is derived from the market value and is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $139,450, homeowners can face varying tax bills. For instance, the 25th percentile tax bill is $3,535, while the 75th percentile reaches $4,976, and the 90th percentile soars to $6,223. The median tax bill in the 19406 zip code stands at $4,146, significantly higher than the national median property tax bill of $2,400. This disparity can place a financial burden on homeowners. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax obligations, ensuring they pay only what is fair and accurate, thus easing the financial strain associated with high property taxes.

Property Tax Bills Across King Of Prussia, Montgomery County, Pennsylvania

Source: Ownwell

$2,471

$12,110

$21,748

Median King Of Prussia Tax Bill

$4,146

Median Montgomery County Tax Bill

$5,764

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across King Of Prussia, Montgomery County, Pennsylvania

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
19406$2,870$3,535$4,146$4,976$6,223

Source: Ownwell

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