Three Rivers, California Property Taxes
The median property tax rate in Three Rivers, CA is 1.06%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Three Rivers at $215,528, the typical annual property tax bill reaches $2,344, which is below the national median of $2,690. Property taxes in Three Rivers 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 Three Rivers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Three Rivers 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
Three Rivers, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s THREE RIVERS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in THREE RIVERS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in THREE RIVERS 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 Three Rivers, California
Property taxes in Three Rivers, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Three Rivers is 1.06%, notably higher than the U.S. national median of 0.99%. Local government entities within Three Rivers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Three Rivers 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 Three Rivers' effective property tax rate to other areas and the national median. For comparison, the zip code 93271 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 tax rates compare with Three Rivers 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 Three Rivers Tax Rate
1.06%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Three Rivers, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93271 | 1.03% | 1.03% | 1.06% | 1.08% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Three Rivers, California
In Three Rivers, 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 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. Assessment notices in Three Rivers 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 Three Rivers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in Three Rivers is $2,344 in the 93271 zip code.
Average Three Rivers Assessed Value
$215,528
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 Three Rivers, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93271 | $59,082 | $135,034 | $215,528 | $314,168 | $389,303 |
Source: Ownwell
Property Tax Bills Across Three Rivers, California
In Three Rivers, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Three Rivers, located in Tulare County, face various property tax bills depending on their property's valuation. For instance, the median home price in the area is $215,528. Property tax rates in Three Rivers are influenced by local government budgets and voter-approved measures. The national median property tax rate is 0.99%, but local rates can vary. Homeowners in the 25th percentile of property tax bills pay around $1,454, while those in the 75th percentile face bills of approximately $3,387. The 90th percentile sees tax bills as high as $4,283. These tax bills significantly impact homeowners by contributing to their annual housing costs and influencing their financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Three Rivers Tax Bill
$2,344
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Three Rivers, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93271 | $635 | $1,454 | $2,344 | $3,387 | $4,283 |
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 |