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Fallbrook, California Property Taxes

The median property tax rate in Fallbrook, CA is 1.06%, 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 $509,710, the typical annual property tax bill in Fallbrook reaches $5,526, significantly exceeding the national median of $2,690. Property taxes in Fallbrook are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fallbrook'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 Fallbrook or another part of San Diego County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Fallbrook, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.06%

Estimate Property Tax Bill

$5,403

$5,103

SAVE WITH OWNWELL

$1,148

Average Fallbrook, California Tax Savings

Ownwell’s Fallbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fallbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fallbrook 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 Fallbrook. 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 Fallbrook, California

Property taxes in Fallbrook, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fallbrook is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Fallbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fallbrook 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 Fallbrook's effective property tax rate to other areas in California and the national median. For comparison, the zip code 92028 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Fallbrook provides valuable insights into the varying tax landscape across San Diego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Fallbrook, California

Source: Ownwell

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1.00%

1.36%

1.71%

Average Fallbrook Tax Rate

1.06%

Average San Diego County Tax Rate

1.21%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Fallbrook, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
920281.03%1.05%1.06%1.07%1.20%

Source: Ownwell

Property Tax Assessment Values Across Fallbrook, California

In Fallbrook, 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 Diego 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 Fallbrook, 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 Fallbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92028 has both the highest and lowest median tax bill, with a value of $5,526.

Property Tax Assessment Values Across Fallbrook, California

Source: Ownwell

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$17,080

$1,327,607

$2,638,134

Average Fallbrook Assessed Value

$509,710

Average San Diego County Assessed Value

$454,653

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Fallbrook, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
92028$164,798$312,060$509,711$697,452$903,128

Source: Ownwell

Property Tax Bills Across Fallbrook, California

In Fallbrook, located in San Diego County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Fallbrook face property tax bills that range significantly, with the 25th percentile at $3,351 and the 75th percentile reaching $7,924. The highest median tax bill in the area is $5,526, aligning with the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes can significantly impact homeowners, especially when property values rise. Ownwell can help homeowners in Fallbrook save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential inaccuracies or overlooked exemptions, Ownwell can assist you in reducing your overall tax burden, ensuring you pay a fair amount.

Property Tax Bills Across Fallbrook, California

Source: Ownwell

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$243

$14,728

$29,213

Average Fallbrook Tax Bill

$5,526

Average San Diego County Tax Bill

$5,506

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Fallbrook, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
92028$1,751$3,351$5,526$7,924$10,293

Source: Ownwell

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