Hilmar, California Property Taxes
The median property tax rate in Hilmar, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Hilmar at $217,823, the typical annual property tax bill amounts to $2,233, which is below the national median of $2,690. Property taxes in Hilmar are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Hilmar'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 Hilmar or another part of Merced County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilmar, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,287
$2,160
Ownwell’s Hilmar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hilmar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hilmar 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 Hilmar, California
Property taxes in Hilmar, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilmar is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Hilmar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilmar 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 Hilmar's effective property tax rate to other areas and the national median. For comparison, the 95324 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Hilmar provides valuable insights into the varying tax landscape across Merced County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilmar Tax Rate
1.05%
Average Merced County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilmar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95324 | 0.88% | 1.04% | 1.05% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Hilmar, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hilmar, CA. 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 Merced 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 Hilmar, 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 Hilmar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 95324, with a median tax bill of $2,233.
Average Hilmar Assessed Value
$217,823
Average Merced County Assessed Value
$213,039
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilmar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95324 | $47,094 | $133,369 | $217,823 | $333,442 | $441,483 |
Source: Ownwell
Property Tax Bills Across Hilmar, California
In Hilmar, CA, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessment process considers factors such as the property's location, size, and condition. For example, the median home price in Hilmar stands at $217,823. Property tax rates in this area are influenced by local government budgets and voter-approved measures. Homeowners in Hilmar face varying tax bills depending on their property's assessed value. The 25th percentile tax bill is approximately $1,361, while those in the 75th percentile pay around $3,417. For properties in the 90th percentile, tax bills can reach up to $4,439. These figures highlight the range of property tax obligations that homeowners can expect. Compared to the national median property tax rate of 0.99%, Hilmar's tax rates may be higher or lower depending on specific local factors. Understanding these details helps homeowners anticipate their annual tax liabilities and manage their finances more effectively.
Average Hilmar Tax Bill
$2,233
Average Merced County Tax Bill
$2,293
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilmar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95324 | $446 | $1,361 | $2,233 | $3,417 | $4,439 |
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 | |
|---|---|
| Merced Tax Assessor | |
| Website | common3.mptsweb.com |