Del Rey, California Property Taxes
The median property tax rate in Del Rey, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Del Rey, the typical annual property tax bill reaches $1,744, exceeding the national median of $2,690. Property taxes in Del Rey 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 Del Rey'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 Del Rey 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
Del Rey, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,742
$1,645
Ownwell’s Del Rey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Del Rey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Del Rey 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 Del Rey, California
Property taxes in Del Rey, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Rey is 0.74%, which is lower than both the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Del Rey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Rey 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 Del Rey's effective property tax rate to other counties in California and the national median. For comparison, the 93616 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Del Rey provides valuable insights into the varying tax landscape across Fresno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Rey Tax Rate
1.24%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Rey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93616 | 1.14% | 1.18% | 1.24% | 1.29% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Del Rey, California
In Del Rey, California, 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 Fresno 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 Del Rey, 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 Del Rey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Del Rey are both recorded at $1,744 in zip code 93616.
Average Del Rey Assessed Value
$140,490
Average Fresno County Assessed Value
$220,090
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Del Rey, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93616 | $47,004 | $75,097 | $140,490 | $232,193 | $274,680 |
Source: Ownwell
Property Tax Bills Across Del Rey, California
In Del Rey, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the Fresno County Assessor's Office and is typically a percentage of the market value of the home. For instance, if the median home price in Del Rey is approximately $140,490, the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location within Del Rey, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Del Rey can expect their tax bills to vary widely. For example, the 25th percentile tax bill is around $945, while the 75th percentile tax bill reaches $2,772. At the higher end, the 90th percentile tax bill can be as much as $3,689. These property taxes significantly impact homeowners by contributing to local services and infrastructure, such as schools, roads, and emergency services. Comparing this to the national median property tax rate of 0.99%, Del Rey’s property tax rates and bills provide essential funding for the community while reflecting the value of the homes within it.
Average Del Rey Tax Bill
$1,744
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Rey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93616 | $599 | $945 | $1,744 | $2,772 | $3,689 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Fresno Tax Assessor | |
| Website | www.co.fresno.ca.us |