Example of Luzerne County Property Tax Calculation
Luzerne County calculates property taxes based on the assessed value of the property. The assessed value is determined by the County Assessor's Office and is based on the market value of the property.
Once the assessed value is determined, it is multiplied by the applicable tax rate. For example, if the assessed value of a property is $100,000 and the tax rate is 2%, the property tax would be $2,000.
It's important to note that the tax rate can vary depending on the municipality in which the property is located. Additionally, certain exemptions or deductions may be available for eligible property owners.
Overall, understanding how property taxes are calculated in Luzerne County can help property owners plan for their annual tax bill and make informed decisions about their real estate investments.
If you want appeal your property tax assessment - contact your local tax assessor.
Luzerne County Property Tax Rates
Here is a formatted table of Luzerne County property tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $5.74 |
| Municipal Tax | Varies by municipality |
| School Tax | Varies by school district |
Please note that the municipal and school tax rates can vary depending on the specific municipality and school district within Luzerne County. As a tax advisor, it is important to research and understand the specific tax rates applicable to your clients' properties.
Who sets property tax rates in Luzerne County ?
Who sets property tax rates in Luzerne County?
The Luzerne County Board of Commissioners sets the property tax rates for Luzerne County.
When are property tax rates set in Luzerne County?
Property tax rates in Luzerne County are set annually and typically announced in December of each year. The rates are effective for the following calendar year. Property owners in Luzerne County typically receive their tax bills in late February or early March.
It is important to note that property taxes in Luzerne County are based on the assessed value of the property, which is set by the Luzerne County Assessment Office. Property owners can appeal their assessed value if they believe it is incorrect.
Homestead exemptions in Luzerne County ?
The following table displays the Homestead exemptions and deductions available in Luzerne County, Pennsylvania:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead/Farmstead | All residential property owners | Up to $650 | Reduces assessed value of property |
| Veterans | Veterans or their surviving spouse | Up to $9,000 | Must have served during a period of war |
| Blind/Disabled | Blind or disabled individuals | Up to $8,000 | Must meet certain income requirements |
| Senior Citizen | Individuals 65 years or older | Up to $15,000 | Must meet certain income requirements |
| Widows/Widowers | Widows or widowers | Up to $15,000 | Must meet certain income requirements |
| Firefighters/EMS | Active firefighters or EMS personnel | Up to $1,000 | Must have served at least 5 years |
It is important to note that these exemptions and deductions may vary by county and may have specific eligibility requirements. It is recommended that individuals check with their local tax assessor's office for more information.
When is Luzerne County Property Tax due ?
Luzerne County Property Tax is typically due in two installments - the first installment is due by April 30th, while the second installment is due by October 31st. The payment methods available to taxpayers depend on the time of year and the specific situation.
Here are the options to pay Luzerne County Property Tax:
| Payment Method | Description |
|---|---|
| In Person | Taxpayers can pay their property taxes in person at the Luzerne County Treasurer's Office. Accepted forms of payment include cash, check, or money order. |
| By Mail | Taxpayers can also pay their property taxes by mail. Payments should be sent to the Luzerne County Treasurer's Office and must be postmarked by the due date to avoid late fees. Accepted forms of payment include check or money order. |
| Online | Taxpayers can pay their property taxes online through the Luzerne County Treasurer's website. Payments can be made using a credit card, debit card, or electronic check. |
| By Phone | Taxpayers can also pay their property taxes by phone. Payments can be made using a credit card or debit card by calling the Luzerne County Treasurer's Office. |
It is important for taxpayers to be aware of the due dates for Luzerne County Property Tax and to choose a payment method that is convenient and timely. Failing to pay property taxes on time can result in late fees and penalties.
If you have more questions - contact your local tax collector.
How is Luzerne County Property Tax penalty calculated ?
Luzerne County Property Tax Penalty Calculation
When property owners in Luzerne County fail to pay their property taxes on time, they are subject to penalties. These penalties are calculated based on the amount of taxes owed and the number of days late the payment is made.
The penalty for late payment of property taxes in Luzerne County is 10% of the unpaid taxes plus an additional 1.5% interest per month (18% annually). This penalty is calculated for each month the payment is late, up to a maximum of six months.
For example, if a property owner owes $2,000 in property taxes and fails to pay on time, they will incur a penalty of $200 (10% of $2,000). If the payment is still not made after one month, an additional 1.5% interest will be added, bringing the total penalty to $230 (10% of $2,000 plus 1.5% of $2,000). If the payment is not made for six months, the total penalty will be $860.40 (10% of $2,000 plus 1.5% of $2,000 for each of the six months).
It is important for property owners in Luzerne County to pay their property taxes on time to avoid these penalties. If a property owner is unable to pay their taxes on time, they should contact the Luzerne County Tax Claim Bureau to discuss payment options and avoid further penalties or legal action.
We recommend contacting the Luzerne County Tax Office or a local tax professional for the most up-to-date and accurate information.