Freeport, Pennsylvania Property Taxes
The median property tax rate in Freeport, PA is 3.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Freeport, the typical annual property tax bill reaches $3,301, exceeding the national median of $2,690. Property taxes in Freeport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Freeport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Freeport or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freeport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$3,151
Ownwell’s Freeport Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Freeport with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Freeport to provide an estimate of your property tax bill. This useful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available. Your property’s assessed value is determined by Armstrong County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Freeport, Pennsylvania
Property taxes in Freeport, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Freeport is 3.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Freeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeport estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Freeport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16229 zip code has the highest median property tax rate of 3.21%, while the same zip code also has the lowest median tax rate of 3.21%. Understanding how these cities compare with Freeport provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freeport Tax Rate
3.21%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | 3.21% | 3.21% | 3.21% | 3.54% | 3.54% |
Source: Ownwell
Property Tax Assessment Values Across Freeport, Pennsylvania
In Freeport, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Armstrong County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Freeport, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Freeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the region is $3,301 in the 16229 zip code.
Average Freeport Assessed Value
$98,160
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | $46,474 | $69,042 | $98,160 | $150,560 | $246,802 |
Source: Ownwell
Property Tax Bills Across Freeport, Pennsylvania
In Freeport, located in Armstrong County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Freeport can expect property tax bills that vary significantly depending on their home's value. For instance, the 25th percentile tax bill is around $2,334, while the 75th percentile tax bill reaches approximately $4,912. The highest median tax bill in the area is noted at $3,301, all within the zip code 16229. Several factors influence these tax bills, including changes in the local tax rate and fluctuations in property values. The national median property tax rate is 0.99%, and comparing this to Freeport's figures can help homeowners understand their tax obligations. Higher property taxes can impact homeowners by increasing the cost of owning a home, potentially affecting their financial planning and long-term investment strategies.
Average Freeport Tax Bill
$3,301
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | $1,579 | $2,334 | $3,301 | $4,912 | $7,996 |
Source: Ownwell