Bear Creek Township, Luzerne County, Pennsylvania Property Taxes
Median Bear Creek Township, PA effective property tax rate: 2.52%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Bear Creek Township, PA home value: $155,950
Median annual Bear Creek Township, PA tax bill: $3,934, $1,534 higher than the national median property tax bill of $2,400.
How are property taxes in Luzerne calculated?
Property taxes in Bear Creek Township, 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 Bear Creek Township’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bear Creek Township, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bear Creek Township, Luzerne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.52%
Estimate Property Tax Bill
$3,930
$3,647
Property Tax Rates Across Bear Creek Township, Luzerne County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. 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.
Bear Creek Township in Luzerne County, PA, has an effective property tax rate of 2.52%, which is significantly higher than the national median of 1.02%. This rate is consistent across the county, as evidenced by zip code 18702, which also reports a 2.52% rate. Pennsylvania's median property tax rate is higher than many other states, making it essential for property owners in Bear Creek Township to stay informed and explore potential savings. Understanding local tax rates is crucial, especially when they surpass both state and national averages. By being proactive, property owners can potentially lower their tax burden and ensure they are not overpaying.
Property Tax Rates Across Bear Creek Township, Luzerne County, Pennsylvania
Source: Ownwell
1.85%
2.53%
3.21%
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 Bear Creek Township Tax Rate
2.52%
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 Luzerne County Tax Rate
2.52%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bear Creek Township, Luzerne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18702 | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Bear Creek Township, Luzerne County, Pennsylvania
When examining property taxes in Bear Creek Township, 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 Luzerne 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.
Assessment notices:
In Luzerne 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 Bear Creek Township.
For example, the median home price in Bear Creek Township is $155,950, with tax bills ranging significantly across the county. 18702 has the highest median home price at $155,950.
Property Tax Assessment Values Across Bear Creek Township, Luzerne County, Pennsylvania
Source: Ownwell
$47,550
$137,425
$227,300
Median Bear Creek Township Market Value
$155,950
Median Luzerne County Market Value
$93,900
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bear Creek Township, Luzerne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18702 | $70,740 | $114,400 | $155,950 | $214,950 | $311,210 |
Source: Ownwell
Property Tax Bills Across Bear Creek Township, Luzerne County, Pennsylvania
Property Tax Bills Across Bear Creek Township, Luzerne County, Pennsylvania
Source: Ownwell
$908
$3,317
$5,725
Median Bear Creek Township Tax Bill
$3,934
Median Luzerne County Tax Bill
$2,646
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Bear Creek Township, Luzerne County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
18702 | $1,780 | $2,880 | $3,934 | $5,423 | $7,865 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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Luzerne Tax Assessor | |
Website | www.timesleader.com |