Larksville, Luzerne County, Pennsylvania Property Taxes

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

Median Larksville, PA effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Larksville, PA home value: $89,500
Median annual Larksville, PA tax bill: $2,522, $122 higher than the national median property tax bill of $2,400.

How are property taxes in Luzerne calculated?

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

Last Updated March 1, 2025

Larksville, Luzerne County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.82%

Estimate Property Tax Bill

$2,524

$2,342

Ownwell’s Larksville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Larksville with just two data points. By entering your property's estimated assessed value, our calculator applies Larksville’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 Luzerne County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Larksville, Luzerne County, Pennsylvania

Local government entities are responsible for setting tax rates, resulting in significant variations within a state. This is because each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, leading to the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.

In Larksville, located in Luzerne County, Pennsylvania, the effective property tax rate is 2.82%. This rate stands out when compared to other cities in Pennsylvania and the national median property tax rate of 1.02%. The property tax rate in Larksville is significantly higher than the national average, reflecting the local government's budgetary needs relative to the total value of taxable properties in the area.

When considering property tax rates, it's crucial to compare them to both state and national medians to understand the broader tax landscape. Larksville’s rate offers insight into how local economic factors and government budget requirements influence property taxes.

Property Tax Rates Across Larksville, 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 Larksville Tax Rate

2.82%

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 Larksville, Luzerne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18651	2.82%	2.82%	2.82%	2.82%	2.82%

Source: Ownwell

Property Tax Assessment Values Across Larksville, Luzerne County, Pennsylvania

When examining property taxes in Larksville, 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: Luzerne County assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Larksville. For example, the median home price in Larksville is $89,500, with tax bills ranging significantly across the county. 18651 has the highest median home price at $89,500.

Property Tax Assessment Values Across Larksville, Luzerne County, Pennsylvania

Source: Ownwell

$47,550

$137,425

$227,300

Median Larksville Market Value

$89,500

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 Larksville, Luzerne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18651	$47,780	$68,800	$89,500	$120,500	$158,160

Source: Ownwell

Property Tax Bills Across Larksville, Luzerne County, Pennsylvania

In Larksville, Luzerne County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which in Larksville can lead to varying tax bills. For instance, the tax bill for the 25th percentile is $1,939, while the 75th percentile reaches $3,396, and the 90th percentile hits $4,458. The highest and lowest median tax bill in the area both stand at $2,522, which is slightly above the national median property tax bill of $2,400. These figures highlight the financial burden property taxes can impose on homeowners.

Ownwell assists homeowners in Larksville by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can help identify opportunities for tax reductions. This process not only ensures you are paying a fair tax amount but can also lead to significant savings, easing the financial strain of high property taxes.

Property Tax Bills Across Larksville, Luzerne County, Pennsylvania

Source: Ownwell

$908

$3,317

$5,725

Median Larksville Tax Bill

$2,522

Median Luzerne County Tax Bill

$2,646

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Larksville, Luzerne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18651	$1,347	$1,939	$2,522	$3,396	$4,458

Source: Ownwell