Aromas, California Property Taxes
The median property tax rate in Aromas, CA is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Aromas at $460,564, the typical annual property tax bill is $4,790, significantly exceeding the national median of $2,690. Property taxes in Aromas are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aromas' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Aromas 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
Aromas, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,928
$4,655
Ownwell’s Aromas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aromas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aromas 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 Aromas, California
Property taxes in Aromas, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Aromas is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Aromas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aromas 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 Aromas's effective property tax rate to other areas and the national median. For comparison, the zip code 95004 has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Aromas provides valuable insights into the varying tax landscape across San Benito County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aromas Tax Rate
1.07%
Average San Benito County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | 1.05% | 1.06% | 1.07% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Aromas, California
In Aromas, 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 San Benito County Appraisal District 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 Aromas, 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 Aromas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95004 in Aromas has the highest and lowest median tax bills, both recorded at $4,790. The 25th percentile tax bill is $2,620, while the 75th percentile tax bill is $6,909, and the 90th percentile tax bill reaches $9,437.
Average Aromas Assessed Value
$460,564
Average San Benito County Assessed Value
$518,267
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | $108,912 | $259,468 | $460,564 | $672,316 | $875,000 |
Source: Ownwell
Property Tax Bills Across Aromas, California
In Aromas, located in San Benito County, CA, property tax bills are calculated based on the assessed value of the property. This assessed value is typically determined by the purchase price of the home, adjusted annually for inflation not exceeding 2% per year. The tax rate is then applied to this assessed value to determine the annual tax bill. The median home price in Aromas is $460,564, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $2,620, while those in the 75th percentile face bills of approximately $6,909. At the 90th percentile, tax bills can reach up to $9,437. Compared to the national median property tax rate of 0.99%, Aromas homeowners often experience higher tax bills, influenced by California's unique tax laws and higher property values. These tax obligations can significantly impact homeowners' annual budgets, emphasizing the importance of understanding and planning for property taxes in this region.
Average Aromas Tax Bill
$4,790
Average San Benito County Tax Bill
$6,032
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | $938 | $2,620 | $4,790 | $6,909 | $9,437 |
Source: Ownwell