Montgomery County, PA Property Tax Search

Market Value

A property's market value has been defined by the Pennsylvania State Supreme Court as the price in a competitive market a purchaser, willing but not obligated to buy, would pay an owner, willing but not obligated to sell, taking into consideration all the legal uses to which the property can be adapted and might reasonably be applied.

Assessed Value

The Assessor is responsible for establishing the assessed value, which is calculated by multiplying a property's market value by a predetermined assessment rate. Currently in Montgomery County, all assessments are set at 100% of the 1996 base year value.
However, if the property's assessment value is appealed, the county's “uniform” assessment rate may differ from various reasons ( preferential assessment-Act 319 Or 515, LOT size changed, SOIL value changed ), so the assessed value will be different from the market value.

Taxable Value and Exemptions

Taxable value represents the assessed value less any tax exemptions or exclusions that apply. Several exemptions are available in the State of Pennsylvania, like Homestead Exclusion or Property Tax/Rent Rebate program, which may lower the property's tax bill.

Unfortunately we have no information about whether any exemptions currently apply to this property. Therefore the assessed value is equal to the taxable value.