Palm, Montgomery County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Palm, Montgomery County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PALM, PA effective property tax rate: 3.19%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median PALM, PA home value: $126,735
Median annual PALM, PA tax bill: $3,978, $1,578 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Palm, Montgomery County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.35%

Estimate Property Tax Bill

$4,241

$3,935

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

By entering your property's estimated assessed value, our calculator applies Palm’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 Palm, Montgomery County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Palm, located in Montgomery County, Pennsylvania, the effective property tax rate is notably higher than the national median. With a property tax rate of 3.19%, Palm stands out in Pennsylvania. This rate is significantly above the national median property tax rate of 1.02%. Property owners in Palm face higher tax bills compared to the national average, impacting their overall cost of living. Understanding these differences is crucial for property owners looking to manage their tax burdens effectively. By comparing Palm's property tax rate to other cities in Pennsylvania and the national average, property owners can gain valuable insights into their local tax obligations.

Property Tax Rates Across Palm, Montgomery County, Pennsylvania

Source: Ownwell

1.63%

4.15%

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 Palm Tax Rate

3.35%

Median Effective Montgomery County Tax Rate

4.18%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palm, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18070	3.35%	3.35%	3.35%	3.35%	3.35%

Source: Ownwell

Property Tax Assessment Values Across Palm, Montgomery County, Pennsylvania

When examining property taxes in PALM, 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 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: Montgomery County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 PALM. For example, the median home price in PALM is $126,735, with tax bills ranging significantly across the county. 18070 has the highest median home price at $126,735.

Property Tax Assessment Values Across Palm, Montgomery County, Pennsylvania

Source: Ownwell

$67,095

$340,923

$614,750

Median Palm Market Value

$126,590

Median Montgomery County Market Value

$143,130

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palm, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18070	$82,770	$107,950	$126,590	$155,950	$213,452

Source: Ownwell

Property Tax Bills Across Palm, Montgomery County, Pennsylvania

In Palm, Montgomery County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessment considers factors such as the property's market value, size, and location. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Palm face a median property tax bill of $3,978, significantly higher than the national median of $2,400. This can be a substantial burden, especially when compared to the national median property tax rate of 1.02%. For many homeowners, understanding and navigating property tax assessments can be challenging. This is where Ownwell can make a difference. By offering expert property tax appeal and exemption services, Ownwell helps homeowners ensure their assessed values are fair and accurate, potentially reducing their tax bills. With Ownwell's assistance, homeowners can save money and alleviate the financial pressure of high property taxes, ensuring they pay only what is necessary.

Property Tax Bills Across Palm, Montgomery County, Pennsylvania

Source: Ownwell

$2,589

$11,874

$21,159

Median Palm Tax Bill

$4,144

Median Montgomery County Tax Bill

$5,995

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Palm, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18070	$2,727	$3,562	$4,144	$4,956	$6,380

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Montgomery Tax Assessor
Website	propertyrecords.montcopa.org