Ono, Pennsylvania Property Taxes
The median property tax rate in Ono, PA is 1.89%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ono, the typical annual property tax bill reaches $2,409, slightly below the national median of $2,690. Property taxes in Ono are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. 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 Lebanon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ono, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$2,414
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, Pennsylvania
Property taxes in Ono, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ono is 1.89%, significantly higher than both the Pennsylvania state median and 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 counties in Pennsylvania and the national median. For comparison, the 17077 ZIP code has the highest median property tax rate of 1.89%, while the same ZIP code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Ono provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ono Tax Rate
1.89%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17077 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Ono, Pennsylvania
In Ono, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Lebanon County Appraisal District 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. Assessment notices in Ono 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 Ono helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the area, the zip code with the highest median tax bill is 17077, with a median tax bill of $2,409.
Average Ono Assessed Value
$127,720
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17077 | $53,613 | $83,161 | $127,720 | $157,956 | $168,417 |
Source: Ownwell
Property Tax Bills Across Ono, Pennsylvania
In ONO, Lebanon County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $127,720, homeowners can expect a tax bill around the median national property tax rate of 0.99%. However, the actual tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay approximately $1,569, while those in the 75th percentile might see bills around $2,980. The 90th percentile tax bill can reach up to $3,177. These variations depend on factors such as property location, improvements, and market conditions. Understanding these factors is crucial for homeowners as they directly influence the annual financial obligations tied to their property, impacting their overall cost of homeownership.
Average Ono Tax Bill
$2,409
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17077 | $1,011 | $1,569 | $2,409 | $2,980 | $3,177 |
Source: Ownwell