Ono, California Property Taxes
The median property tax rate in ONO, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in ONO, the typical annual property tax bill reaches $2,306, which is below the national median of $2,690. Property taxes in ONO are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding ONO's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of ONO or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ono, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,277
$2,151
Ownwell’s ONO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ONO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ONO to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ono, California
Property taxes in ONO, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ONO is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within ONO set these rates annually, and they can vary significantly across different neighborhoods. Each year, ONO estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares ONO's effective property tax rate to other areas in Shasta County and the national median. For comparison, the zip code 96047 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with ONO provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ono Tax Rate
1.06%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ono, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | 1.04% | 1.05% | 1.06% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Ono, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ONO, California. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Shasta County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In ONO, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in ONO is $214,822, with tax bills ranging from $1,731 at the 25th percentile to $2,544 at the 75th percentile. The highest and lowest median tax bills are both $2,306, found in zip code 96047. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in ONO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ono Assessed Value
$214,822
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ono, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | $94,263 | $161,530 | $214,822 | $239,106 | $254,160 |
Source: Ownwell
Property Tax Bills Across Ono, California
Property tax bills in ONO, located in Shasta County, CA, are calculated based on the assessed value of a property, which is often a percentage of the market value. The tax rate for this region is derived from the county's requirements and any additional local levies. For a home with a median price of $214,822, the tax bill can vary significantly. Homeowners in the 25th percentile see tax bills around $1,731, while those in the 75th percentile face bills of approximately $2,544. The 90th percentile tax bill reaches up to $2,665. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, ONO's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their annual property tax obligations effectively.
Average Ono Tax Bill
$2,306
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ono, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | $1,005 | $1,731 | $2,306 | $2,544 | $2,665 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |