Cleona, Pennsylvania Property Taxes
The median property tax rate in Cleona, PA is 2.19%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cleona at $135,472, the typical annual property tax bill reaches $2,951, exceeding the national median of $2,690. Property taxes in Cleona 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 Cleona'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 Cleona 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
Cleona, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.19%
Estimate Property Tax Bill
$2,967
-$31,092
Ownwell’s Cleona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleona 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 Cleona, Pennsylvania
Property taxes in Cleona, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleona is 2.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cleona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleona 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 Cleona's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17042 zip code has the highest median property tax rate of 2.19%, while the same zip code also has the lowest median tax rate of 2.19%. Understanding how these cities compare with Cleona 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 Cleona Tax Rate
2.19%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | 2.19% | 2.19% | 2.19% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Cleona, Pennsylvania
In Cleona, 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 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 Cleona, 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 Cleona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cleona is $2,951 in the 17042 zip code, while the lowest median tax bill is also $2,951 in the same zip code.
Average Cleona Assessed Value
$135,472
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 Cleona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | $99,178 | $109,393 | $135,472 | $160,035 | $187,228 |
Source: Ownwell
Property Tax Bills Across Cleona, Pennsylvania
In Cleona, Lebanon County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and physical characteristics. For homeowners in Cleona, the median home price is approximately $135,472, with tax bills varying significantly. The 25th percentile tax bill is around $2,379, while the 75th percentile reaches $3,508, and the 90th percentile can be as high as $4,102. Compared to the national median property tax rate of 0.99%, Cleona's property tax rates reflect a substantial investment in local services and infrastructure. These property tax bills have a significant impact on homeowners, influencing their overall cost of living and potentially affecting decisions related to buying, selling, or maintaining property. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate future expenses.
Average Cleona Tax Bill
$2,951
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | $2,173 | $2,379 | $2,951 | $3,508 | $4,102 |
Source: Ownwell