Towanda, Bradford County, Pennsylvania Property Taxes
Median Towanda, PA effective property tax rate: 3.22%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Towanda, PA home value: $64,614
Median annual Towanda, PA tax bill: $2,143, $257 lower than the national median property tax bill of $2,400.
How are property taxes in Bradford calculated?
Property taxes in Towanda, 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 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 March 1, 2025
Towanda, Bradford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.22%
Estimate Property Tax Bill
$2,081
$1,931
Property Tax Rates Across Towanda, Bradford County, Pennsylvania
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
3.22%
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
3.22%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Towanda, Bradford County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18848 | 2.25% | 3.16% | 3.22% | 4.14% | 4.14% |
Source: Ownwell
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
When examining property taxes in Towanda, 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 Bradford 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 Bradford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $64,614, with tax bills ranging significantly across the county. Zip code 18848 has the highest median home price at $64,614.
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
Source: Ownwell

$35,550
$64,016
$92,481
Median Towanda Market Value
$64,614
Median Bradford County Market Value
$61,590
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Towanda, Bradford County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18848 | $26,870 | $42,800 | $64,614 | $97,588 | $150,746 |
Source: Ownwell
Property Tax Bills Across Towanda, Bradford County, Pennsylvania
In Towanda, Bradford County, PA, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Towanda's tax bills vary significantly, with the 25th percentile at $1,420 and the 75th percentile reaching $3,060. The 90th percentile tax bill is $4,324, indicating a range based on property value and location. The median property tax bill in Towanda is $2,143, slightly below the national median of $2,400. This impacts homeowners by influencing their annual financial planning and potential resale value.
Ownwell can assist homeowners in Towanda by reviewing their property assessments to ensure accuracy and fairness. If discrepancies are found, Ownwell can file an appeal to potentially lower the tax bill. This service helps homeowners save money and ensures they are not overpaying on their property taxes, providing peace of mind and financial relief.
Median Towanda Tax Bill
$2,143
Median Bradford County Tax Bill
$1,935
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Towanda, Bradford County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18848 | $772 | $1,420 | $2,143 | $3,060 | $4,324 |
Source: Ownwell