Ontelaunee, Pennsylvania Property Taxes
The median property tax rate in Ontelaunee, PA is 3.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ontelaunee at $115,000, the typical annual property tax bill reaches $4,546, exceeding the national median of $2,690. Property taxes in Ontelaunee are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ontelaunee'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 Ontelaunee 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
Ontelaunee, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.95%
Estimate Property Tax Bill
$4,543
Ownwell’s Ontelaunee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ontelaunee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ontelaunee 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 Berks County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ontelaunee, Pennsylvania
Property taxes in Ontelaunee, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ontelaunee is 3.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ontelaunee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ontelaunee 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 Ontelaunee's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19605 zip code has the highest median property tax rate of 3.95%, while the 19605 zip code also has the lowest median tax rate of 3.95%. Understanding how these areas compare with Ontelaunee provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ontelaunee Tax Rate
3.95%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ontelaunee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19605 | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% |
Source: Ownwell
Property Tax Assessment Values Across Ontelaunee, Pennsylvania
In Ontelaunee, 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 Berks County Assessment Office 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 Ontelaunee, 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 Ontelaunee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $4,546, both found in the zip code 19605.
Property Tax Assessment Values Across Ontelaunee, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Ontelaunee Assessed Value
$115,000
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ontelaunee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19605 | $100,700 | $108,650 | $115,000 | $126,850 | $164,700 |
Source: Ownwell
Property Tax Bills Across Ontelaunee, Pennsylvania
In Ontelaunee, property tax bills are calculated based on the assessed value of a home, which is determined by the Berks County assessment office. The assessed value is typically a percentage of the property's market value. Homeowners in Ontelaunee can expect their tax bills to reflect this assessed value, multiplied by the local tax rate set by the county and other taxing authorities such as school districts. For instance, the median home price in Ontelaunee is $115,000. Given this, homeowners might see tax bills ranging from $4,295 at the 25th percentile to $6,510 at the 90th percentile. This variation is influenced by factors such as property size, location, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Ontelaunee's tax rates can be significantly higher, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Ontelaunee Tax Bill
$4,546
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ontelaunee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19605 | $3,980 | $4,295 | $4,546 | $5,014 | $6,510 |
Source: Ownwell