Wyalusing, Pennsylvania Property Taxes
The median property tax rate in Wyalusing, PA is 3.35%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wyalusing, the typical annual property tax bill reaches $2,109, which is below the national median of $2,690. Property taxes in Wyalusing 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 Wyalusing'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 Wyalusing 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
Wyalusing, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.35%
Estimate Property Tax Bill
$2,280
Ownwell’s Wyalusing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyalusing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyalusing 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 Wyalusing, Pennsylvania
Property taxes in Wyalusing, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyalusing is 3.35%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wyalusing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyalusing 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 Wyalusing's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18853 zip code has the highest median property tax rate of 3.35%, while the same zip code also has the lowest median tax rate of 3.35%. Understanding how these cities compare with Wyalusing provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wyalusing Tax Rate
3.35%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyalusing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18853 | 1.94% | 2.75% | 3.35% | 3.49% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Wyalusing, Pennsylvania
In Wyalusing, 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 Bradford 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 Wyalusing, 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 Wyalusing 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 $2109 in the 18853 zip code, which is also the lowest median tax bill, reflecting a uniform tax environment.
Average Wyalusing Assessed Value
$68,066
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wyalusing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18853 | $26,833 | $44,512 | $68,066 | $101,564 | $147,209 |
Source: Ownwell
Property Tax Bills Across Wyalusing, Pennsylvania
In Wyalusing, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county and reflects a percentage of the property's market value. For example, with a median home price of $68,066, homeowners in Wyalusing can expect their tax bills to vary significantly depending on their property's assessed value and the local tax rate. The tax bill in Wyalusing ranges from the 25th percentile at $1,342 to the 75th percentile at $3,032, with the 90th percentile reaching $4,151. This variation indicates that higher-valued properties or those in areas with higher tax rates will have higher tax bills. Compared to the national median property tax rate of 0.99%, Wyalusing's rates can result in substantial differences in annual tax obligations. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses and overall affordability. Accurate assessments and awareness of local tax rates are essential for financial planning and property investment decisions.
Average Wyalusing Tax Bill
$2,109
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyalusing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18853 | $718 | $1,342 | $2,109 | $3,032 | $4,151 |
Source: Ownwell