Fredericksburg, Pennsylvania Property Taxes
The median property tax rate in Fredericksburg, PA is 3.56%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fredericksburg, the typical annual property tax bill reaches $4,125, exceeding the national median of $2,690. Property taxes in Fredericksburg 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 Fredericksburg'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 Fredericksburg 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
Fredericksburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.56%
Estimate Property Tax Bill
$4,454
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fredericksburg, Pennsylvania
Property taxes in Fredericksburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 3.56%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17026 has the highest median property tax rate of 3.56%, while the same zip code also has the lowest median tax rate of 3.56%. Understanding how these areas compare with Fredericksburg provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
3.56%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | 2.31% | 3.56% | 3.56% | 3.56% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Pennsylvania
In Fredericksburg, 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 Berks 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 Fredericksburg, 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. For instance, the zip code 17026 has the highest median tax bill of $4,125. 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 Fredericksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fredericksburg, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Fredericksburg Assessed Value
$125,100
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | $57,100 | $91,600 | $125,100 | $157,250 | $202,600 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Pennsylvania
In Fredericksburg, 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 and reflects the market value of the property. Homeowners in Fredericksburg can expect their property tax bill to be influenced by several factors, including the property's size, location, and any improvements made. The median home price in Fredericksburg is $125,100. With a range of tax bills, homeowners in the 25th percentile can expect to pay around $3,138, while those in the 75th percentile might see bills as high as $5,140. At the 90th percentile, the tax bill can reach up to $6,109. Compared to the national median property tax rate of 0.99%, Fredericksburg's property tax bills are relatively high, reflecting the county's specific valuation and tax policies. This can significantly impact homeowners, affecting their overall cost of living and financial planning.
Average Fredericksburg Tax Bill
$4,125
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | $1,981 | $3,138 | $4,125 | $5,140 | $6,109 |
Source: Ownwell