Farmington, California Property Taxes
The median property tax rate in Farmington, CA is 1.15%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value in Farmington of $691,304, the typical annual property tax bill reaches $7,858, significantly exceeding the national median of $2,690. Property taxes in Farmington 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 Farmington'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 Farmington 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
Farmington, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$7,950
$7,508
Ownwell’s Farmington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Farmington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Farmington 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 Farmington, California
Property taxes in Farmington, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Farmington is 1.15%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Farmington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Farmington 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 Farmington's effective property tax rate to other counties in California and the national median. For comparison, the 95230 zip code has the highest median property tax rate of 1.15%, while the 95230 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Farmington provides valuable insights into the varying tax landscape across Stanislaus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Farmington Tax Rate
1.15%
Average Stanislaus County Tax Rate
1.15%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | 1.13% | 1.14% | 1.15% | 1.24% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Farmington, California
In Farmington, 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 Stanislaus 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 Farmington, 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. For instance, the median home price in Farmington is $691,304, with property tax bills ranging from $4,930 at the 25th percentile to $12,027 at the 90th percentile. The highest and lowest median tax bills are both $7,858 in the zip code 95230. 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 Farmington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Farmington, California
Source: Ownwell
$112,275
$616,449
$1,120,622
Average Farmington Assessed Value
$691,304
Average Stanislaus County Assessed Value
$255,442
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | $194,933 | $426,720 | $691,304 | $905,998 | $1,047,984 |
Source: Ownwell
Property Tax Bills Across Farmington, California
In Farmington, located in Stanislaus County, CA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Farmington stands at $691,304. Property taxes are then calculated based on this assessed value, and homeowners can expect their tax bills to fall within various percentiles. For instance, at the 25th percentile, the tax bill is approximately $4,930, while at the 75th percentile, it rises to around $10,302. At the 90th percentile, homeowners might see tax bills as high as $12,027. These tax bills are influenced by multiple factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Farmington's property taxes can be significant, impacting homeowners' annual expenses. Understanding these elements is crucial for homeowners in managing their finances and planning for future property-related costs.
Average Farmington Tax Bill
$7,858
Average Stanislaus County Tax Bill
$3,056
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | $2,335 | $4,930 | $7,858 | $10,302 | $12,027 |
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 | |
|---|---|
| Stanislaus Tax Assessor | |
| Website | secure.stancounty.com |