California Hot Springs, California Property Taxes
The median property tax rate in California Hot Springs, CA is 1.01%, 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 California Hot Springs at $66,163, the typical annual property tax bill is $695, significantly below the national median of $2,690. Property taxes in California Hot Springs 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 California Hot Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of California Hot Springs 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
California Hot Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$668
$631
Ownwell’s California Hot Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in California Hot Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in California Hot Springs 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 California Hot Springs, California
Property taxes in California Hot Springs, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in California Hot Springs is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within California Hot Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, California Hot Springs 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 California Hot Springs' effective property tax rate to other counties in California and the national median. For comparison, the 93207 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with California Hot Springs provides valuable insights into the varying tax landscape across Tulare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average California Hot Springs Tax Rate
1.01%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across California Hot Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93207 | 0.91% | 0.96% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across California Hot Springs, California
In California Hot Springs, CA, 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 Tulare 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 California Hot Springs, 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 California Hot Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $695, found in the 93207 zip code.
Property Tax Assessment Values Across California Hot Springs, California
Source: Ownwell
$5,000
$177,310
$349,620
Average California Hot Springs Assessed Value
$66,163
Average Tulare County Assessed Value
$173,848
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across California Hot Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93207 | $11,290 | $32,008 | $66,163 | $132,714 | $178,380 |
Source: Ownwell
Property Tax Bills Across California Hot Springs, California
In California Hot Springs, located in Tulare County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This value is often a percentage of the market value of the property. Homeowners in California Hot Springs experience varying tax bills depending on their property's assessed value. For instance, the median home price in the area is $66,163, which influences the tax bills significantly. Factors such as property location, improvements, and exemptions play a crucial role in determining the final tax bill. Homeowners can expect tax bills ranging from $346 at the 25th percentile to $1,278 at the 75th percentile. At the 90th percentile, tax bills can go as high as $1,869. These figures illustrate how property taxes can vary widely, impacting household budgets differently. Compared to the national median property tax rate of 0.99%, the tax burden in California Hot Springs reflects the unique economic and property landscape of the area.
Average California Hot Springs Tax Bill
$695
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across California Hot Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93207 | $212 | $346 | $695 | $1,278 | $1,869 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Tulare Tax Assessor | |
| Website | common1.mptsweb.com |