Wayne, Montgomery County, Pennsylvania Property Taxes

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

Median Wayne, 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 Wayne, PA home value: $230,100. Median annual Wayne, PA tax bill: $6,840, $4,440 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Wayne, Montgomery County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.97%

Estimate Property Tax Bill

$6,834

$6,342

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

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

Local government entities set tax rates, which can vary widely within a state. 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. In Wayne, located in Delaware County, Pennsylvania, the effective property tax rate is notably higher than the national median of 1.02%. This is reflective of Pennsylvania's property tax structure, which often results in higher rates compared to other states. Wayne's property tax rate is also higher than the state median, underscoring the localized nature of property tax assessments. Homeowners in Wayne may find their tax bills significantly higher than the national median property tax bill of $2,400. This highlights the importance for property owners to be vigilant about their assessments and consider appealing if they believe their property is over-assessed. Comparing Wayne's rates to other cities in Pennsylvania and the U.S. can provide valuable insights for homeowners navigating the complexities of property taxes.

Property Tax Rates Across Wayne, 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 Wayne Tax Rate

2.97%

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 Wayne, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19087	2.97%	2.97%	2.97%	2.97%	2.97%

Source: Ownwell

Property Tax Assessment Values Across Wayne, Montgomery County, Pennsylvania

When examining property taxes in Wayne, 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: In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Wayne. For example, the median home price in Wayne is $230,100, with tax bills ranging significantly across the county. Zip code 19087 has the highest median home price at $230,100.

Property Tax Assessment Values Across Wayne, Montgomery County, Pennsylvania

Source: Ownwell

$67,160

$296,195

$525,230

Median Wayne Market Value

$230,100

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 Wayne, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19087	$155,982	$180,975	$230,100	$300,385	$473,485

Source: Ownwell

Property Tax Bills Across Wayne, Montgomery County, Pennsylvania

In Wayne, located in Montgomery County, PA, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The median home price here is $230,100, and the tax bills can vary significantly. For example, the tax bill at the 25th percentile is $5,386, while at the 75th percentile, it reaches $8,927. At the 90th percentile, homeowners might see a tax bill as high as $14,073. This variation is influenced by factors such as the assessed home value and any applicable exemptions. The median property tax bill in Wayne stands at $6,840, which is considerably higher than the national median of $2,400. High property taxes can be burdensome for homeowners, impacting their financial well-being. Ownwell can assist homeowners in Wayne by providing property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Wayne, Montgomery County, Pennsylvania

Source: Ownwell

$2,471

$12,110

$21,748

Median Wayne Tax Bill

$6,840

Median Montgomery County Tax Bill

$5,764

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Wayne, Montgomery County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19087	$4,639	$5,386	$6,840	$8,927	$14,073

Source: Ownwell