Property Taxes in Towanda, Pennsylvania
Median Towanda, Pennsylvania effective property tax rate: 3.24%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Towanda, Pennsylvania home value: $64,687
Median annual Towanda, Pennsylvania tax bill: $2,178, $222 lower than the national median property tax bill of $2,400.
How are property taxes in Bradford calculated?
Property taxes in Towanda, Pennsylvania 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 Towanda's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Towanda, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Towanda Property Tax Calculator Work?
Use this Towanda property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and the calculator applies Towanda's median effective tax rate of 3.24% — based on actual property records in Bradford County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. The calculator applies Towanda's median effective rate across local levies, giving a more accurate estimate than using a single county millage rate.
Towanda's median effective tax rate is higher than Pennsylvania's 2.75% median and higher than Bradford County's overall rate. The median property tax bill is $2,178, which is $222 lower than the state median bill and below the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Towanda.
About Towanda Property Taxes
About Property Taxes in Towanda, Bradford, Pennsylvania
Towanda’s median effective property tax rate of 3.24% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Bradford County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Towanda. Homeowners in the 18848 ZIP code carry a median effective rate of 3.24%, while those in the lowest ZIP code also pay 3.24%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Bradford County. Understanding which part of Towanda you live in can make a meaningful difference to your annual tax bill.
Towanda homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Towanda, Bradford County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Towanda's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
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 Towanda Tax Rate
3.24%
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 Bradford County Tax Rate
3.29%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Towanda, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18848 | 2.28% | 3.19% | 3.24% | 4.21% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
When examining property taxes in Towanda, Pennsylvania, 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 Bradford 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.
Assessment notices:
In Bradford County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Towanda.
For example, the median home price in Towanda is $64,687, with tax bills ranging significantly across the county. 18848 has the highest median home price at $64,687.
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
Source: Ownwell
$32,495
$63,148
$93,800
Median Towanda Market Value
$64,687
Median Bradford County Market Value
$61,871
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18848 | $27,063 | $42,800 | $64,687 | $97,588 | $150,721 |
Source: Ownwell
Property Tax Bills Across Towanda, Bradford County, Pennsylvania
How are property tax bills calculated in Towanda?
Property tax bills in Towanda are based on the assessed value of a home and the local tax rate set by taxing authorities in Bradford County. When a property’s market value changes, the assessed value used for taxation can also change, which affects the final bill. Homeowners are taxed on the value assigned to their property, not on what they paid for it.
What factors affect the amount owed?
A home’s location, its assessed value, and the local millage rate all play a role in determining the bill. Towanda’s median home price is $64,687, and property tax bills can vary widely depending on the property and neighborhood. The 25th percentile tax bill is $1,442, while the 75th percentile is $3,106 and the 90th percentile is $4,368.
How does this affect homeowners?
Because property taxes are recurring, even a modest increase in assessed value can raise annual costs. For many homeowners, that means a higher monthly housing burden and less room in the budget for other expenses.
Median Towanda Tax Bill
$2,178
Median Bradford County Tax Bill
$2,006
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Towanda, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18848 | $787 | $1,442 | $2,178 | $3,106 | $4,368 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| Bradford Tax Assessor | |
| Website | gis.vgsi.com |