Freemansburg, Pennsylvania Property Taxes
The median property tax rate in Freemansburg, PA is 4.38%, significantly higher than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With a median home value of $91,600 in Freemansburg, the typical annual property tax bill reaches $4,008, surpassing the national median of $2,690. Property taxes in Freemansburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Freemansburg’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Freemansburg or another part of Northampton County, grasping the intricacies of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freemansburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.38%
Estimate Property Tax Bill
$4,012
Ownwell’s Freemansburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freemansburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freemansburg 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 Freemansburg, Pennsylvania
Property taxes in Freemansburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freemansburg is 4.38%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Freemansburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freemansburg 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 Freemansburg's effective property tax rate to other areas in Northampton County and the national median. For comparison, the zip code 18017 has the highest median property tax rate of 4.38%, while the same zip code also has the lowest median tax rate of 4.38%. Understanding how these areas compare with Freemansburg provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freemansburg Tax Rate
4.38%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freemansburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18017 | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% |
Source: Ownwell
Property Tax Assessment Values Across Freemansburg, Pennsylvania
In Freemansburg, 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 Northampton 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 Freemansburg, 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 Freemansburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4008 in the 18017 zip code, while the lowest median tax bill is also $4008 in the same zip code.
Property Tax Assessment Values Across Freemansburg, Pennsylvania
Source: Ownwell
$66,500
$208,650
$350,800
Average Freemansburg Assessed Value
$91,600
Average Northampton County Assessed Value
$115,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freemansburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18017 | $54,900 | $70,600 | $91,600 | $109,800 | $120,400 |
Source: Ownwell
Property Tax Bills Across Freemansburg, Pennsylvania
In Freemansburg, Northampton County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county's assessment office. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. Homeowners in Freemansburg face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $3,078, while the 75th percentile tax bill rises to about $4,804. At the higher end, the 90th percentile tax bill can reach $5,268. These figures are significant when compared to the national median property tax rate of 0.99%. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and financial planning. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and budget accordingly.
Average Freemansburg Tax Bill
$4,008
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Freemansburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18017 | $2,395 | $3,078 | $4,008 | $4,804 | $5,268 |
Source: Ownwell