Forkston Township, Pennsylvania Property Taxes
The median property tax rate in Forkston Township, PA is 5.62%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $41,300 in Forkston Township, the typical annual property tax bill amounts to $2,437, which is just below the national median of $2,690. Property taxes in Forkston Township are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Forkston Township's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Forkston Township or another part of Wyoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forkston Township, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.62%
Estimate Property Tax Bill
$2,321
-$24,325
Ownwell’s Forkston Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forkston Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forkston Township 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 Forkston Township, Pennsylvania
Property taxes in Forkston Township, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forkston Township is 5.62%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Forkston Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forkston Township 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 Forkston Township's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18636 has the highest median property tax rate of 5.62%, while zip code 18614 has the lowest median tax rate of 5.62%. Understanding how these cities compare with Forkston Township provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forkston Township Tax Rate
5.62%
Average Wyoming County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forkston Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18614 | 5.62% | 5.62% | 5.62% | 5.62% | 5.62% |
| 18629 | 5.62% | 5.62% | 5.62% | 5.62% | 5.62% |
| 18636 | 5.62% | 5.62% | 5.62% | 5.62% | 5.62% |
| 18657 | 5.62% | 5.62% | 5.62% | 5.62% | 5.62% |
Source: Ownwell
Property Tax Assessment Values Across Forkston Township, Pennsylvania
In Forkston Township, 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 Wyoming 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 Forkston Township, 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 Forkston Township 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 $2,688 in the 18657 zip code, while the lowest is $1,421 in the 18636 zip code.
Property Tax Assessment Values Across Forkston Township, Pennsylvania
Source: Ownwell
$25,290
$48,695
$72,100
Average Forkston Township Assessed Value
$41,300
Average Wyoming County Assessed Value
$49,130
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forkston Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18614 | $13,340 | $17,790 | $32,740 | $44,725 | $71,674 |
| 18629 | $15,120 | $27,575 | $44,280 | $67,685 | $110,672 |
| 18636 | $14,554 | $18,580 | $25,290 | $32,000 | $36,026 |
| 18657 | $31,096 | $39,185 | $47,850 | $74,845 | $142,864 |
Source: Ownwell
Property Tax Bills Across Forkston Township, Pennsylvania
In Forkston Township, Wyoming County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in this area face a variety of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,593, while the 75th percentile reaches $3,772, and the 90th percentile climbs to $6,151. These figures are significantly influenced by the median home price, which is $41,300 in Forkston Township. The highest median tax bill in the area is $2,688, found in the 18657 zip code, whereas the lowest is $1,421 in the 18636 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Forkston Township experience a range of tax burdens. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Forkston Township Tax Bill
$2,437
Average Wyoming County Tax Bill
$2,930
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Forkston Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18614 | $897 | $1,086 | $1,893 | $2,543 | $4,033 |
| 18629 | $997 | $1,650 | $2,497 | $3,849 | $6,252 |
| 18636 | $818 | $1,044 | $1,421 | $1,798 | $2,024 |
| 18657 | $1,747 | $2,201 | $2,688 | $4,204 | $8,025 |
Source: Ownwell