Ona, Florida Property Taxes
The median property tax rate in ONA, FL is 0.81%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in ONA at $168,460, the typical annual property tax bill is $1,428, falling below the national median of $2,690. Property taxes in ONA are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding ONA'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 ONA 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
Ona, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,365
$1,291
Ownwell’s ONA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ONA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ONA 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 Ona, Florida
Property taxes in ONA, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ONA is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within ONA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ONA 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. Understanding how these cities compare with ONA provides valuable insights into the varying tax landscape across Hardee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ona Tax Rate
0.81%
Average Hardee County Tax Rate
1.01%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33865 | 0.49% | 0.63% | 0.81% | 1.50% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Ona, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ona, Florida. The market value represents 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 Hardee County Property Appraiser 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 Ona, 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. 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 Ona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 33865, amounting to $1,428.
Average Ona Assessed Value
$168,460
Average Hardee County Assessed Value
$123,998
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33865 | $63,977 | $99,078 | $168,460 | $232,204 | $324,526 |
Source: Ownwell
Property Tax Bills Across Ona, Florida
In ONA, located in Hardee County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $168,460, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $900, whereas those in the 75th percentile might see bills as high as $2,238. The top 10% of homeowners could face tax bills nearing $3,225. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. Compared to the national median property tax rate of 0.99%, the rates in ONA can be quite varied, reflecting the diverse property values within the area. For homeowners, understanding these factors is essential in anticipating annual property tax obligations and managing their finances accordingly.
Average Ona Tax Bill
$1,428
Average Hardee County Tax Bill
$1,315
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33865 | $513 | $900 | $1,428 | $2,238 | $3,225 |
Source: Ownwell