Potrero, California Property Taxes
The median property tax rate in Potrero, CA is 1.10%, 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 $249,089 in Potrero, the typical annual property tax bill amounts to $2,760, surpassing the national median of $2,690. Property taxes in Potrero are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Potrero'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 Potrero 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
Potrero, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,740
$2,588
$1,148
Average Potrero, California Tax Savings
Ownwell’s Potrero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Potrero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Potrero 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 Potrero. 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 Potrero, California
Property taxes in Potrero, CA, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Potrero is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Potrero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Potrero 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 Potrero's effective property tax rate to other counties in California and the national median. For comparison, the zip code 91963 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Potrero 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.
Average Potrero Tax Rate
1.10%
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 Potrero, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91963 | 1.07% | 1.08% | 1.10% | 1.11% | 1.15% |
Source: Ownwell
$1,148
Average Potrero Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Potrero, California
In Potrero, 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 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 Potrero, 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. The median home price in Potrero is $249,089. The 25th percentile tax bill is $1,435, while the 75th percentile tax bill is $4,006, and the 90th percentile tax bill reaches $5,212. The highest and lowest median tax bills are both $2,760 in the 91963 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Potrero Assessed Value
$249,089
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 Potrero, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91963 | $53,744 | $128,473 | $249,089 | $356,337 | $474,939 |
Source: Ownwell
$1,148
Average Potrero Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Potrero, California
In Potrero, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the San Diego County Assessor’s Office. This assessed value is influenced by the market value of your property and any applicable exemptions. The typical property tax rate in Potrero is lower than the national median of 0.99%, but individual tax bills can vary significantly. For instance, the 25th percentile tax bill stands at $1,435, while the 75th percentile reaches $4,006, and the 90th percentile can be as high as $5,212. These variations can place a significant financial burden on homeowners, especially if the assessed value of their property is overestimated. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially saving you hundreds or even thousands of dollars on your tax bill. Our team of professionals works diligently to secure the most favorable outcome for your property tax situation.
Average Potrero Tax Bill
$2,760
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 Potrero, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91963 | $596 | $1,435 | $2,760 | $4,006 | $5,212 |
Source: Ownwell
$1,148
Average Potrero Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Diego Tax Assessor | |
| Phone | (858) 505-6262 |
| Website | assr.parcelquest.com |
| arcc.fgg@sdcounty.ca.gov | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.