Ventura, California Property Taxes
The median property tax rate in Ventura, CA is 1.03%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Ventura at $424,600, the typical annual property tax bill reaches $4,276, significantly exceeding the national median of $2,690. Property taxes in Ventura are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ventura'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 Ventura or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ventura, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$4,373
$4,130
Ownwell’s Ventura Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ventura with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ventura 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 Ventura, California
Property taxes in Ventura, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ventura is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Ventura set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ventura 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 Ventura's effective property tax rate to other counties in California and the national median. For comparison, the 93022 zip code has the highest median property tax rate of 1.39%, while the 93004 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Ventura provides valuable insights into the varying tax landscape across Ventura County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ventura Tax Rate
1.03%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ventura, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93001 | 1.01% | 1.02% | 1.04% | 1.07% | 1.17% |
| 93003 | 1.01% | 1.02% | 1.03% | 1.05% | 1.08% |
| 93004 | 1.01% | 1.02% | 1.03% | 1.05% | 1.10% |
| 93022 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Ventura, California
In Ventura, 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 Ventura 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 Ventura, 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. For instance, in Ventura, the highest median tax bill is $4,621 in the 93001 zip code, while the lowest median tax bill is $363 in the 93022 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ventura Assessed Value
$424,600
Average Ventura County Assessed Value
$465,193
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ventura, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93001 | $99,552 | $242,878 | $449,064 | $755,212 | $1,243,087 |
| 93003 | $90,693 | $223,998 | $399,162 | $615,347 | $816,891 |
| 93004 | $110,100 | $284,614 | $446,749 | $623,376 | $764,694 |
| 93022 | $26,010 | $26,010 | $26,010 | $26,010 | $26,010 |
Source: Ownwell
Property Tax Bills Across Ventura, California
In Ventura, CA, property tax bills are calculated based on the assessed value of your property, which is typically determined by the county assessor. The assessed value is then multiplied by the local property tax rate. Ventura's property tax rate can vary, but it generally hovers around the state average. For comparison, the national median property tax rate is 0.99%. Several factors influence your tax bill, including the property's market value, location, and any applicable exemptions. Homeowners in Ventura can see a wide range in their tax bills. For instance, the tax bill at the 25th percentile is approximately $2,522, while at the 75th percentile, it jumps to around $6,486. The highest median tax bill in the area is $4,621 in the 93001 zip code, whereas the lowest is just $363 in the 93022 zip code. These property taxes significantly impact homeowners by influencing their monthly mortgage payments and overall housing costs, making it essential to understand how these taxes are calculated and what factors contribute to them.
Average Ventura Tax Bill
$4,276
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ventura, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93001 | $1,094 | $2,558 | $4,621 | $7,648 | $12,372 |
| 93003 | $962 | $2,219 | $3,978 | $6,115 | $8,132 |
| 93004 | $1,148 | $2,921 | $4,511 | $6,381 | $7,839 |
| 93022 | $363 | $363 | $363 | $363 | $363 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Ventura Tax Assessor | |
| Website | assessor.countyofventura.org |