Freeport, Pennsylvania Property Taxes
The median property tax rate in Freeport, PA is 13.16%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $38,310 in Freeport, the typical annual property tax bill reaches $5,040, far exceeding the national median of $2,690. Property taxes in Freeport are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Freeport'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 Freeport 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
Freeport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
13.16%
Estimate Property Tax Bill
$5,042
-$52,836
Ownwell’s Freeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freeport 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 Freeport, Pennsylvania
Property taxes in Freeport, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freeport is 13.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Freeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeport 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 Freeport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16229 has the highest median property tax rate of 13.16%, while the same zip code also has the lowest median tax rate of 13.16%. Understanding how these cities compare with Freeport provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freeport Tax Rate
13.16%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | 13.16% | 13.16% | 13.16% | 13.16% | 13.16% |
Source: Ownwell
Property Tax Assessment Values Across Freeport, Pennsylvania
In Freeport, 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 Westmoreland 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 Freeport, 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 Freeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Freeport, the highest median tax bill is $5,040 in zip code 16229, while the lowest median tax bill is also $5,040 in the same zip code.
Average Freeport Assessed Value
$38,310
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | $8,785 | $22,152 | $38,310 | $48,300 | $61,915 |
Source: Ownwell
Property Tax Bills Across Freeport, Pennsylvania
In Freeport, PA, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The assessed value is determined by the local tax assessor's office and forms the basis for the tax calculation. Homeowners in Freeport face a median property tax rate of 0.99%, aligning with the national median. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. For example, a home with a median market price of $38,310 could see property tax bills ranging from $2,915 at the 25th percentile to $8,146 at the 90th percentile. The highest and lowest median tax bills in Freeport are both recorded at $5,040 in the 16229 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, higher property taxes can impact homeowners by increasing their annual expenses, but they also contribute to the overall quality of life in the community.
Average Freeport Tax Bill
$5,040
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16229 | $1,156 | $2,915 | $5,040 | $6,355 | $8,146 |
Source: Ownwell