Fountain Valley, California Property Taxes
The median property tax rate in Fountain Valley, CA is 1.15%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Fountain Valley at $472,973, the typical annual property tax bill reaches $5,458, surpassing the national median of $2,690. Property taxes in Fountain Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Fountain Valley'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 Fountain Valley 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
Fountain Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$5,439
$5,137
$1,148
Average Fountain Valley, California Tax Savings
Ownwell’s Fountain Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain Valley to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fountain Valley. 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 Fountain Valley, California
Property taxes in Fountain Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain Valley is 1.15%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Fountain Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain Valley 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 Fountain Valley's effective property tax rate to other counties in California and the national median. For comparison, the 92708 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Fountain Valley provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fountain Valley Tax Rate
1.15%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain Valley, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92708 | 1.11% | 1.12% | 1.15% | 1.20% | 1.35% |
Source: Ownwell
$1,148
Average Fountain Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fountain Valley, California
In Fountain Valley, 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 Orange 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 Fountain Valley, 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 Fountain Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fountain Valley is $472,973, with the highest and lowest median tax bills both being $5,458 in the 92708 zip code.
Property Tax Assessment Values Across Fountain Valley, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Fountain Valley Assessed Value
$472,973
Average Orange County Assessed Value
$514,928
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fountain Valley, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92708 | $108,126 | $270,994 | $472,973 | $771,587 | $972,452 |
Source: Ownwell
$1,148
Average Fountain Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fountain Valley, California
In Fountain Valley, Orange County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor’s office. This assessed value is then multiplied by the local property tax rate. With a median home price of $472,973, homeowners can expect a range of tax bills. For example, at the 25th percentile, tax bills are around $3,277, while at the 75th percentile, they rise to $8,704, and at the 90th percentile, they can reach up to $10,853. The highest median tax bill in the area is $5,458, which is consistent across all ZIP codes in Fountain Valley. Various factors influence these tax bills, including property location, market value, and any applicable exemptions. Higher tax bills can place a significant financial burden on homeowners. Ownwell can assist by offering property tax appeal and exemption services, potentially lowering your tax liability. Our expertise helps ensure your property is fairly assessed, providing substantial savings and reducing the financial stress associated with high property taxes.
Average Fountain Valley Tax Bill
$5,458
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain Valley, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92708 | $1,487 | $3,277 | $5,458 | $8,704 | $10,853 |
Source: Ownwell
$1,148
Average Fountain Valley Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
---|---|
Property Valuation Date | January 1 |
Appeal Deadline | December 2 |
Tax Bill | |
Issued | October 1 |
Due Date #1 | December 10 |
Due Date #2 | April 10 |
Links | |
---|---|
Orange Tax Assessor | |
Phone | (714) 834-2331 |
Website | assr.parcelquest.com |
taxpayeradvocate@asr.ocgov.com |
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