Yettem, California Property Taxes
The median property tax rate in Yettem, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Yettem, the typical annual property tax bill reaches $1,244, exceeding the national median of $2,690. Property taxes in Yettem are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Yettem'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 Yettem 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
Yettem, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,192
$1,126
Ownwell’s Yettem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yettem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yettem 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 Yettem, California
Property taxes in Yettem, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yettem is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Yettem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yettem 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 Yettem's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93670 has the highest median property tax rate of 1.23%, while the zip code 93670 also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Yettem 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 Yettem Tax Rate
1.23%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yettem, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93670 | 1.05% | 1.06% | 1.23% | 1.41% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Yettem, California
In Yettem, 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'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 Yettem, 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 Yettem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Yettem is 93670, with a median tax bill of $1,244.
Average Yettem Assessed Value
$96,942
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 Yettem, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93670 | $40,483 | $59,772 | $96,942 | $116,339 | $141,090 |
Source: Ownwell
Property Tax Bills Across Yettem, California
In Yettem, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by county assessors. The median home price in Yettem is $96,942. This assessed value is then multiplied by the local property tax rate, which in Yettem aligns closely with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and local tax rates. Homeowners in Yettem can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $989, while at the 75th percentile, it rises to $1,352. At the 90th percentile, it can go up to $2,472, indicating a wide range of tax liabilities depending on property values and exemptions. Understanding these factors is crucial for homeowners as it directly impacts their annual financial obligations and overall cost of homeownership in Yettem.
Average Yettem Tax Bill
$1,244
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Yettem, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93670 | $464 | $989 | $1,244 | $1,352 | $2,472 |
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 |