Taxes

 Natalie Cormier, Elected Real Estate Tax Collector (Term ends 12/31/2029)  

The Elected Tax Collector collects the Real Estate Tax for Lower Gwynedd Township, Wissahickon School District, and Montgomery County. More tax information can be found on the Tax Collectors website- click here! Below is the contact information:

Pay your Taxes Here 

The Board of Supervisors approves the real estate millage rate for the Township as part of the annual budget approval process (usually in early December). The following is the millage rate and breakdown for the 2026 Fiscal Year:

Total Millage Rate (2026) 1.223 mills

Property Taxes are expressed in terms of mills per dollar of assessed value. One Mill is equal to 1/1000 of a dollar. To calculate property tax, the formula is always Millage Rate/1,000 * Assessed Value. For instance, with a millage rate of 1.223 mills, and a $300,000 assessed value of a home the tax rate would be: 

1.223/1,000 X $300,000 = $366.90

Montgomery County sets the assessed value for each property. The estimated ratio of assessed value to market value in Montgomery County is approximately 31%. 

** PSD Codes can be found here for the requisite forms.**

2025

Earned Income Tax (EIT)

An Earned Income Tax (EIT) of 1% on gross wages and net profits for individuals is imposed on everyone living in Lower Gwynedd Township. For Lower Gwynedd residents, this tax is distributed evenly between the Township and Wissahickon School District, each receiving 0.5%. Non-residents who work in Lower Gwynedd and do not pay EIT to their home municipality pay the entire 1% to the township. The collection of the EIT generates approximately 50% of the revenues received by the Township. This tax is usually collected by payroll withholding and submitted to Berkheimer, which collects this tax on behalf of all municipalities and school districts in Montgomery County.  

Local Services Tax (LST)

The Local Services Tax is paid by everyone working in the Township. The tax is $52.00 per year. This tax is usually collected by payroll withholding and remitted to Berkheimer, which collects the tax on behalf of Lower Gwynedd. Any individual making less than $12,000 in a calendar year can file for a tax exemption with your employer. 

Mercantile Tax (MT)

The Mercantile Tax is paid by merchants with businesses in Lower Gwynedd Township. The MT rate us 0.5 mills ($0.50 for every $1,000. of gross receipts) for wholesale vendors, and 0.75 mills ($0.75 for every $1,000 of gross rec.) for retail and restaurants.

Business Privilege Tax (BPT)

The Business Privilege Tax is paid by businesses in Lower Gwynedd Township, that are not merchants. The BPT rate is 1 mill of gross receipts, or $1 for every $1,000 of gross receipts. 

Real Estate Transfer Tax

When property is sold, a rate of 1% of the sales price is split evenly between Lower Gwynedd Township and Wissahickon School District.

Tax Savings Programs Available to Residents

Lower Gwynedd Township encourages residents to take advantage of available tax relief programs for 2026. Homeowners and renters may be eligible for significant savings and are strongly encouraged to apply.

Homestead/Farmstead tax reduction: Apply Now

If your home in Lower Gwynedd Township is your primary residence, you are likely eligible for the Homestead Exemption, which can help reduce your Wissahickon School District real estate tax bill.

This program is available to homeowners who claim their Lower Gwynedd property as their primary residence. There are no age or income restrictions. The Board of Assessments will determine whether or not the property is eligible for a discount on Wissahickon School District real estate taxes.

Residents who have not yet applied are strongly encouraged to do so, as this program can result in meaningful annual tax savings.

Property Tax/Rent Rebate Program

The Property Tax/Rent Rebate Program supports homeowners and renters across Pennsylvania. This program provides a rebate ranging from $380 to $1,000 to eligible older adults and people with disabilities age 18 and older. 

To learn more about this program, eligibility and how to apply, please visit the PA Department of Revenue here.

If the property is found eligible for the state program, you can also apply for the school district rebate program here.