Fredericksburg, Lebanon County, Pennsylvania Property Taxes
The median property tax rate in Fredericksburg, PA is 1.94%, 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 $3,516, 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, Lebanon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$3,553
$3,297
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, Lebanon County, Pennsylvania
Property taxes in Fredericksburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 1.94%, significantly higher than 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 regions and the national median. For comparison, the zip code 17026 has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these areas compare with Fredericksburg provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Fredericksburg, Lebanon County, Pennsylvania
Source: Ownwell
1.89%
2.08%
2.28%
Average Fredericksburg Tax Rate
1.94%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Lebanon County, 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 Lebanon 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. Assessment notices in Fredericksburg 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. For instance, the median home price in Fredericksburg is $183,162, with tax bills ranging from $2,178 at the 25th percentile to $6,083 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fredericksburg, Lebanon County, Pennsylvania
Source: Ownwell
$81,364
$241,606
$401,847
Average Fredericksburg Assessed Value
$183,162
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | $70,903 | $114,988 | $183,162 | $242,401 | $318,090 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Lebanon County, Pennsylvania
Property tax bills in Fredericksburg, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor and reflects a percentage of the property's market value. In Fredericksburg, the median home price is $183,162, which serves as a baseline for determining property taxes. Homeowners in Fredericksburg can expect their tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $2,178, while those at the 75th percentile can reach $4,672. At the higher end, the 90th percentile tax bill is about $6,083. These figures show a wide range, indicating that factors such as property size, location, and improvements play a crucial role in the final tax amount. Compared to the national median property tax rate of 0.99%, Fredericksburg's property tax rates can be substantial, impacting homeowners' annual expenses significantly. The highest median tax bill recorded in the area is $3,516 in the 17026 zip code, emphasizing the variability within the region.
Property Tax Bills Across Fredericksburg, Lebanon County, Pennsylvania
Source: Ownwell
$1,605
$5,115
$8,624
Average Fredericksburg Tax Bill
$3,516
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17026 | $1,325 | $2,178 | $3,516 | $4,672 | $6,083 |
Source: Ownwell