Tunkhannock, Wyoming County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Tunkhannock, Wyoming County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Tunkhannock, PA effective property tax rate: 5.74%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Tunkhannock, PA home value: $52,390
Median annual Tunkhannock, PA tax bill: $3,164, $764 higher than the national median property tax bill of $2,400.

How are property taxes in Wyoming calculated?

Property taxes in Tunkhannock, 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 Tunkhannock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tunkhannock, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tunkhannock, Wyoming County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.74%

Estimate Property Tax Bill

$3,007

$2,791

Ownwell’s Tunkhannock Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tunkhannock with just two data points.

By entering your property's estimated assessed value, our calculator applies Tunkhannock’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 Wyoming County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tunkhannock, Wyoming County, Pennsylvania

Local government entities in Pennsylvania set tax rates, which can vary widely within the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role, this is the core of the annual process.

In Tunkhannock, located in Wyoming County, the effective property tax rate is significant when compared to other cities in Pennsylvania. The median property tax rate in Tunkhannock is notably higher than the national median of 1.02%. This places a substantial tax burden on property owners in the area.

Comparing Tunkhannock’s tax rate to the national figures underscores the importance of exploring property tax appeal and exemption services. Understanding the local tax landscape can lead to potential savings and ensure that property owners are not overburdened. As property taxes are a significant expense, staying informed and proactive in managing these costs can make a considerable difference in financial planning.

Property Tax Rates Across Tunkhannock, Wyoming County, Pennsylvania

Source: Ownwell

4.74%

5.40%

6.07%

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 Tunkhannock Tax Rate

5.74%

Median Effective Wyoming County Tax Rate

5.74%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tunkhannock, Wyoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18657	5.54%	5.65%	5.74%	5.74%	6.96%

Source: Ownwell

Property Tax Assessment Values Across Tunkhannock, Wyoming County, Pennsylvania

When examining property taxes in Tunkhannock, 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 Wyoming County appraisal district 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 Wyoming 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 Tunkhannock. For example, the median home price in Tunkhannock is $52,390, with tax bills ranging significantly across the county. Zip code 18657 has the highest median home price at $52,390.

Property Tax Assessment Values Across Tunkhannock, Wyoming County, Pennsylvania

Source: Ownwell

$32,740

$52,420

$72,100

Median Tunkhannock Market Value

$52,390

Median Wyoming County Market Value

$49,130

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tunkhannock, Wyoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18657	$19,780	$35,400	$52,390	$73,965	$103,144

Source: Ownwell

Property Tax Bills Across Tunkhannock, Wyoming County, Pennsylvania

In Tunkhannock, located in Wyoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price here is $52,390, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any improvements made. With a median property tax bill of $3,164, homeowners in Tunkhannock face a higher tax burden than the national median tax bill of $2,400. This can significantly impact homeowners, especially when considering that the tax bill can range from the 25th percentile at $2,158 to the 90th percentile at $6,000. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can help ensure that you are not overpaying on your property taxes, potentially saving you hundreds or even thousands of dollars annually.

Property Tax Bills Across Tunkhannock, Wyoming County, Pennsylvania

Source: Ownwell

$1,837

$2,811

$3,784

Median Tunkhannock Tax Bill

$3,164

Median Wyoming County Tax Bill

$2,930

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Tunkhannock, Wyoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18657	$1,309	$2,158	$3,164	$4,411	$6,000

Source: Ownwell