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Wayne County Real Estate Taxes
Wayne County Tax Assessment Office
925 Court Street
Honesdale, PA 18431
570-253-5970, Ext. 216
John F. Nolan, Chief Assessor
Download Tax Summary
Pennsylvania
For more information regarding PA taxes, contact PA Department of Community and Economic Development or PA Department of Revenue.
Corporate Net Income Tax 9.99%
Sales Tax 6%
Capital Stock and Foreign Franchise Tax 6.49 mills
Exemption provided for manufacturing, processing, R & D, pollution control assets.
Unemployment Compensation Tax
Paid on first $8000 of wages for employer.Newly liable 3.5%
Newly liable construction 9.7%
Worker’s Compensation
Rates vary based on type of business and experience.
Personal Income Tax 3.07%
One of the lowest Personal Income Tax rates in the nation.
Tax Credit and Abatement Programs
Keystone Opportunity Zone(KOZ)
Virtually free of taxes through 2013 - Pennsylvania's Keystone Opportunity Zone (KOZ) program allows us to promote the Palmyra Business Park in this manner because it has KOZ status. Since its inception in 1999, the Commonwealth's highly-recognized KOZ program has generated some pretty impressive numbers: 14,000 new jobs, 8,000 retained jobs, and over $1.5 billion invested in real estate as capital investments throughout the Commonwealth. Click here for more information.
LERTA
LERTA is an acronym for the Local Economic Revitalization Tax Assistance Act. This act was established to permit tax exemptions on improvements to business properties as a means of allowing communities to attract new investments. The community, in a sense, shares in the cost of new investment by foregoing taxes on improvements over the exemption period. This means that a company can construct a new facility or rehabilitate an existing one within a designated area without an increase in real property taxes on the increased real value of a facility for the ten-year exemption period.
The authorization of the LERTA program and the designation of LERTA in eligible areas is the responsibility of the municipality's governing body, e.g., township supervisors. Once this has been done, then the other taxing bodies, including school districts, authorized to levy real property taxes in that area can also elect to adopt LERTA.
The Wayne County Commissioners have set the following job creation criteria:
20-50 workers qualifies for a five-year abatement.
50 plus workers qualifies for a 10-year abatement.
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2004 WAYNE COUNTY REAL ESTATE MILLAGES
For complete information contact the Wayne County Tax Assessment office.
County and Municipal: January 1 to December 31, 2004
School: July 1, 2003 to June 30, 2004
Assessed values are based on property market values as of 1/1/72.
Predetermined Rate is 35%.
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