Daphnedale, California Property Taxes
The median property tax rate in Daphnedale, CA is 1.09%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $168,300, the typical annual property tax bill in Daphnedale reaches $1,838, which is below the national median of $2,690. Property taxes in Daphnedale are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Daphnedale'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 Daphnedale 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
Daphnedale, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,834
$1,733
Ownwell’s Daphnedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daphnedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daphnedale 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 Daphnedale, California
Property taxes in Daphnedale, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daphnedale is 1.09%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Daphnedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daphnedale 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 Daphnedale's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 90210 with a rate of 1.25%, while ZIP code 90001 has the lowest median tax rate of 0.85%. Understanding how these areas compare with Daphnedale provides valuable insights into the varying tax landscape across Modoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daphnedale Tax Rate
1.09%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daphnedale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Daphnedale, California
In Daphnedale, 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 Modoc County Assessor's 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 Daphnedale, 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 Daphnedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daphnedale Assessed Value
$168,300
Average Modoc County Assessed Value
$83,080
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daphnedale, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Daphnedale, California
In Daphnedale, Modoc County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by county assessors and is typically a percentage of the property's market value. For homeowners in Daphnedale, the median home price stands at $168,300. Property tax rates in Modoc County are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, any applicable exemptions, and the overall tax rate set by local authorities. In Daphnedale, the tax bill remains consistent across various percentiles, with the 25th, 75th, and 90th percentiles all seeing a tax bill of $1,838. This uniformity indicates a stable property tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Daphnedale's tax rate can be seen as reflective of the local economic conditions and public service funding needs. This impacts homeowners by affecting their annual financial planning and the overall affordability of owning property in the area.
Average Daphnedale Tax Bill
$1,838
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Daphnedale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell