This article suggests simple and new equations for the percolation threshold of nanoparticles, the tunneling distance between nanoparticles, and the tunneling conductivity of polymer carbon nanotubes (CNTs) nanocomposites (PCNT), assuming an effective filler concentration. The developed equations correlate the conductivity, tunneling distance, and percolation threshold to CNT waviness, interphase thickness, CNT dimensions, and CNT concentration. The developed model for conductivity is applied for some samples and the predictions are evaluated by experimental measurements. In addition, the impacts of various parameters on the mentioned terms are discussed to confirm the developed equations. Comparisons between the calculations and the experimental results demonstrate the validity of the developed model for tunneling conductivity. High levels of CNT concentration, CNT length, and interphase thickness, as well as the straightness and thinness of CNTs increase the nanocomposite conductivity. The developed formulations can substitute for the conventional equations for determining the conductivity and percolation threshold in CNT-reinforced nanocomposites.