Frederick, Pennsylvania Property Taxes
The median property tax rate in Frederick, PA is 3.61%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Frederick, the typical annual property tax bill reaches $4,372, exceeding the national median of $2,690. Property taxes in Frederick 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 Frederick'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 Frederick or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frederick, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$4,477
Ownwell’s Frederick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frederick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frederick 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 Frederick, Pennsylvania
Property taxes in Frederick, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frederick is 1.44%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Frederick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frederick 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 Frederick's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19435 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Frederick provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frederick Tax Rate
3.61%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frederick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19435 | 2.13% | 3.61% | 3.61% | 3.61% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Frederick, Pennsylvania
In Frederick, 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 Montgomery 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 Frederick, 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 Frederick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Frederick is $124,030, with the 25th percentile tax bill at $3,753 and the 75th percentile tax bill at $5,074. The zip code with the highest and lowest median tax bill is 19435, with a value of $4,372.
Average Frederick Assessed Value
$124,030
Average Montgomery County Assessed Value
$143,105
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frederick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19435 | $100,694 | $108,135 | $124,030 | $169,452 | $273,495 |
Source: Ownwell
Property Tax Bills Across Frederick, Pennsylvania
In Frederick, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition can influence its assessed value. Homeowners in Frederick face a median property tax bill significantly higher than the national median property tax rate of 0.99%. For example, the tax bill at the 25th percentile is $3,753, while at the 75th percentile, it rises to $5,074. Those with properties in the 90th percentile can expect to pay as much as $8,119. The highest and lowest median tax bills in the area are both $4,372, found in the zip code 19435. These property taxes contribute to local services such as schools, public safety, and infrastructure, impacting homeowners by influencing their overall cost of living and the value they receive from community services.
Average Frederick Tax Bill
$4,372
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Frederick, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19435 | $3,276 | $3,753 | $4,372 | $5,074 | $8,119 |
Source: Ownwell