Forty Fort, Luzerne County, Pennsylvania Property Taxes
Median FORTY FORT, PA effective property tax rate: 3.00%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median FORTY FORT, PA home value: $93,700
Median annual FORTY FORT, PA tax bill: $2,800, $400 higher than the national median property tax bill of $2,400.
How are property taxes in Luzerne calculated?
Property taxes in FORTY FORT, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding FORTY FORT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FORTY FORT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Forty Fort, Luzerne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3%
Estimate Property Tax Bill
$2,811
$2,609
Ownwell’s Forty Fort Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forty Fort with just two data points.
By entering your property's estimated assessed value, our calculator applies Forty Fort’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Luzerne County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Forty Fort, Luzerne County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, determining the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Forty Fort, located in Luzerne County, PA, the effective property tax rate stands at 3.00%, significantly higher than the national median property tax rate of 1.02%. This rate reflects the local government's need to fund services, resulting in a property tax bill that can be considerably higher than the national median of $2,400. Forty Fort's property tax rate is the highest in Pennsylvania, sharing this position with other areas in the 18704 zip code. Despite being the highest, it remains consistent across the zip code, indicating uniformity in tax assessment within this region. Comparing Forty Fort's tax rate to the national and state medians highlights the importance of understanding local tax dynamics and their impact on property owners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Forty Fort Tax Rate
3.00%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Luzerne County Tax Rate
2.52%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Forty Fort, Luzerne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | 2.82% | 3.00% | 3.00% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Forty Fort, Luzerne County, Pennsylvania
When examining property taxes in Forty Fort, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Luzerne County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Luzerne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Forty Fort. For example, the median home price in Forty Fort is $93,700, with tax bills ranging significantly across the county. 18704 has the highest median home price at $93,700.
Property Tax Assessment Values Across Forty Fort, Luzerne County, Pennsylvania
Source: Ownwell
$47,550
$137,425
$227,300
Median Forty Fort Market Value
$93,700
Median Luzerne County Market Value
$93,900
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Forty Fort, Luzerne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | $67,000 | $80,000 | $93,700 | $117,300 | $143,600 |
Source: Ownwell
Property Tax Bills Across Forty Fort, Luzerne County, Pennsylvania
In Forty Fort, PA, property tax bills are calculated based on the assessed value of the home, which is determined by the Luzerne County assessment office. This value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $93,700, homeowners in Forty Fort face property tax bills that can range from $2,391 at the 25th percentile to $4,304 at the 90th percentile. This variability can significantly impact a homeowner's budget, especially when compared to the national median property tax bill of $2,400.
Ownwell offers valuable services to help homeowners in Forty Fort reduce their property tax bills. By providing expert guidance on property tax appeals and exemptions, Ownwell can assist homeowners in ensuring that their property's assessed value is accurate and fair. This can result in substantial savings on annual tax bills, alleviating financial pressure and allowing homeowners to allocate resources more effectively. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence and ease.
Median Forty Fort Tax Bill
$2,800
Median Luzerne County Tax Bill
$2,646
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Forty Fort, Luzerne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | $1,939 | $2,391 | $2,800 | $3,516 | $4,304 |
Source: Ownwell