Selma, California Property Taxes
The median property tax rate in Selma, CA is 1.61%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Selma being $166,232, the typical annual property tax bill reaches $2,758, slightly exceeding the national median of $2,690. Property taxes in Selma 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 Selma'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 Selma 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
Selma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$2,676
$2,528
Ownwell’s Selma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Selma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Selma 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 Selma, California
Property taxes in Selma, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Selma is 1.61%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Selma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Selma 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 Selma's effective property tax rate to other regions in California and the national median. For comparison, the 93662 zip code has the highest median property tax rate of 1.61%, while the lowest median tax rate is also 1.61%. Understanding how these cities compare with Selma provides valuable insights into the varying tax landscape across Fresno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Selma Tax Rate
1.61%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Selma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93662 | 1.12% | 1.41% | 1.61% | 1.86% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Selma, California
In Selma, 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 Fresno County Appraisal District 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 Selma, 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 Selma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Selma is 93662, both at $2,758.
Average Selma Assessed Value
$166,232
Average Fresno County Assessed Value
$220,090
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Selma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93662 | $50,114 | $102,338 | $166,232 | $244,666 | $317,027 |
Source: Ownwell
Property Tax Bills Across Selma, California
In Selma, located in Fresno County, CA, property tax bills are derived from the assessed value of a home, which is generally based on its market value. The median home price in Selma is $166,232. Property taxes in this area are calculated by applying the local tax rate to the assessed value of the property. For instance, homeowners in Selma typically see tax bills ranging from $1,875 at the 25th percentile to $4,548 at the 90th percentile. This variation is influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Fresno County's rates result in a median tax bill of $2,758, which can significantly impact homeowners' annual expenses. Higher property values or fewer exemptions can lead to higher tax bills, making it crucial for homeowners to understand how these factors affect their overall tax liability. This understanding can help homeowners budget more effectively and explore potential avenues for tax relief.
Average Selma Tax Bill
$2,758
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Selma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93662 | $1,047 | $1,875 | $2,758 | $3,680 | $4,548 |
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 | |
|---|---|
| Fresno Tax Assessor | |
| Website | www.co.fresno.ca.us |