Waymart, Wayne County, Pennsylvania Property Taxes
Median Waymart, PA effective property tax rate: 2.19%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Waymart, PA home value: $175,200
Median annual Waymart, PA tax bill: $4,045, $1,645 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Waymart, 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 Waymart’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waymart, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waymart, Wayne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.19%
Estimate Property Tax Bill
$3,837
$3,561
Property Tax Rates Across Waymart, Wayne County, Pennsylvania
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each year, counties estimate the budget necessary to provide public services and then divide that amount by the total assessed value of all taxable properties within their boundaries. This process determines the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is essentially the yearly routine.
In Waymart, located in Wayne County, Pennsylvania, the effective property tax rate stands at 2.19%, which is significantly higher than both the state and national medians. This rate is the same across all areas within the county, making it the highest and lowest in the region. Comparatively, the national median property tax rate is 1.02%, with a median tax bill of $2,400. This illustrates how property tax rates can vary not only within a state but also compared to national figures. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.
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 Waymart Tax Rate
2.19%
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 Wayne County Tax Rate
2.19%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Waymart, Wayne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18472 | 2.18% | 2.18% | 2.19% | 2.30% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Waymart, Wayne County, Pennsylvania
When examining property taxes in Waymart, 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 Wayne 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 Wayne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Waymart. For example, the median home price in Waymart is $175,200, with tax bills ranging significantly across the county. Zip code 18472 has the highest median home price at $175,200.
Property Tax Assessment Values Across Waymart, Wayne County, Pennsylvania
Source: Ownwell

$7,000
$158,875
$310,750
Median Waymart Market Value
$175,200
Median Wayne County Market Value
$179,900
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Waymart, Wayne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18472 | $13,100 | $108,300 | $175,200 | $253,750 | $348,000 |
Source: Ownwell
Property Tax Bills Across Waymart, Wayne County, Pennsylvania
Median Waymart Tax Bill
$4,045
Median Wayne County Tax Bill
$4,013
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Waymart, Wayne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18472 | $677 | $2,645 | $4,045 | $5,717 | $7,775 |
Source: Ownwell