Susquehanna, Wayne County, Pennsylvania Property Taxes
The median property tax rate in Susquehanna, PA is 2.34%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Susquehanna, the typical annual property tax bill reaches $3,574, surpassing the national median of $2,690. Property taxes in Susquehanna 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 Susquehanna'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 Susquehanna 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
Susquehanna, Wayne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.34%
Estimate Property Tax Bill
$3,576
$3,318
Ownwell’s Susquehanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Susquehanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Susquehanna 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 Susquehanna, Wayne County, Pennsylvania
Property taxes in Susquehanna, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Susquehanna is 2.34%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Susquehanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Susquehanna 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 Susquehanna's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18847 zip code has the highest median property tax rate of 2.34%, while the same 18847 zip code also has the lowest median tax rate of 2.34%. Understanding how these cities compare with Susquehanna provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Susquehanna Tax Rate
2.34%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Susquehanna, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18847 | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Susquehanna, Wayne County, Pennsylvania
In Susquehanna, 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 Wayne 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 Susquehanna, 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. The median home price in Susquehanna is $152,800, with tax bills ranging from $2,533 at the 25th percentile to $6,799 at the 90th percentile. The zip code with the highest and lowest median tax bill is 18847, with a median tax bill of $3,574. 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 Susquehanna, Wayne County, Pennsylvania
Source: Ownwell
$7,000
$158,875
$310,750
Average Susquehanna Assessed Value
$152,800
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Susquehanna, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18847 | $56,880 | $108,300 | $152,800 | $202,600 | $290,720 |
Source: Ownwell
Property Tax Bills Across Susquehanna, Wayne County, Pennsylvania
Property tax bills in Susquehanna, located in Wayne County, PA, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Susquehanna can expect their tax bills to vary significantly, with the 25th percentile tax bill at $2,533 and the 75th percentile at $4,727. The tax bill can reach up to $6,799 for the 90th percentile. For context, the national median property tax rate is 0.99%. Given the median home price in Susquehanna is $152,800, homeowners here might find their property tax bills relatively higher compared to other regions. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how property tax bills are calculated helps homeowners manage their budgets and anticipate changes in their annual expenses.
Average Susquehanna Tax Bill
$3,574
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Susquehanna, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18847 | $1,330 | $2,533 | $3,574 | $4,727 | $6,799 |
Source: Ownwell