Fredericktown, Pennsylvania Property Taxes
The median property tax rate in Fredericktown, PA is 1.73%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $96,900 in Fredericktown, the typical annual property tax bill is $1,609, which is below the national median of $2,690. Property taxes in Fredericktown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fredericktown'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 Fredericktown 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
Fredericktown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,676
Ownwell’s Fredericktown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericktown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericktown 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 Fredericktown, Pennsylvania
Property taxes in Fredericktown, Pennsylvania, play an essential role in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericktown is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fredericktown set these rates annually, and they can vary across different neighborhoods. Each year, Fredericktown 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 Fredericktown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15333 has both the highest and the lowest median property tax rate of 1.73%. Understanding how these areas compare with Fredericktown provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericktown Tax Rate
1.73%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericktown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15333 | 1.49% | 1.49% | 1.73% | 1.73% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Fredericktown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fredericktown, Pennsylvania. 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 Washington County Appraisal District 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 Fredericktown, 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 Fredericktown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 15333, both at $1,609.
Property Tax Assessment Values Across Fredericktown, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Fredericktown Assessed Value
$96,900
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericktown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15333 | $49,250 | $67,550 | $96,900 | $138,050 | $194,000 |
Source: Ownwell
Property Tax Bills Across Fredericktown, Pennsylvania
In Fredericktown, Washington County, PA, 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 property tax rate to determine the annual tax bill. The median home price in Fredericktown is $96,900, which serves as a baseline for understanding tax obligations in the area. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Fredericktown, tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,146, while at the 75th percentile, it rises to $2,186. The 90th percentile tax bill reaches $3,139, indicating a wide range in tax liabilities. These property taxes impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners anticipate their tax responsibilities and plan accordingly.
Average Fredericktown Tax Bill
$1,609
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericktown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15333 | $849 | $1,146 | $1,609 | $2,186 | $3,139 |
Source: Ownwell