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Foothill Ranch, California Property Taxes

The median property tax rate in Foothill Ranch, CA is 1.04%, 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 Foothill Ranch at $548,706, the typical annual property tax bill reaches $5,678, significantly surpassing the national median of $2,690. Property taxes in Foothill Ranch are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Foothill Ranch's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Foothill Ranch 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

Foothill Ranch, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.04%

Estimate Property Tax Bill

$5,707

$5,390

SAVE WITH OWNWELL

$1,148

Average Foothill Ranch, California Tax Savings

Ownwell’s Foothill Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Foothill Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Foothill Ranch to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Foothill Ranch. 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 Foothill Ranch, California

Property taxes in Foothill Ranch, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Foothill Ranch is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Foothill Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Foothill Ranch 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 Foothill Ranch's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92610 zip code has the highest median property tax rate of 1.04%, while the 92610 zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Foothill Ranch provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Foothill Ranch, California

Source: Ownwell

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1.01%

1.33%

1.65%

Average Foothill Ranch Tax Rate

1.04%

Average Orange County Tax Rate

1.14%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Foothill Ranch, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
926101.02%1.03%1.04%1.04%1.05%

Source: Ownwell

Property Tax Assessment Values Across Foothill Ranch, California

In Foothill Ranch, 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 Orange 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 Foothill Ranch, 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 Foothill Ranch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92610 has both the highest and lowest median tax bills, each at $5,678, reflecting the region's consistency in property tax assessments.

Property Tax Assessment Values Across Foothill Ranch, California

Source: Ownwell

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$10,700

$1,158,683

$2,306,666

Average Foothill Ranch Assessed Value

$548,706

Average Orange County Assessed Value

$514,928

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Foothill Ranch, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
92610$303,243$397,934$548,706$787,164$961,733

Source: Ownwell

Property Tax Bills Across Foothill Ranch, California

In Foothill Ranch, located in Orange County, CA, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is often lower than the market value, but it still significantly impacts homeowners' annual tax bills. For instance, the median home price in Foothill Ranch is $548,706. Property tax bills in this area vary widely, with the 25th percentile tax bill at $4,102 and the 75th percentile at $8,194. The highest median tax bill in the 92610 zip code is $5,678. High property tax bills can be a financial burden on homeowners. Ownwell can help alleviate this by providing expert property tax appeal and exemption services. By reviewing your property’s assessed value and identifying discrepancies, Ownwell can potentially lower your tax bill, ensuring you only pay your fair share. This service can be especially beneficial in areas like Foothill Ranch, where property taxes can be substantial.

Property Tax Bills Across Foothill Ranch, California

Source: Ownwell

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$118

$12,784

$25,450

Average Foothill Ranch Tax Bill

$5,678

Average Orange County Tax Bill

$5,879

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Foothill Ranch, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
92610$3,095$4,102$5,678$8,194$10,008

Source: Ownwell

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