Traver, California Property Taxes
The median property tax rate in Traver, CA is 1.14%, noticeably higher than the national median of 0.99% but slightly below the California state median of 1.21%. With a median home value of $84,537 in Traver, the typical annual property tax bill amounts to $980, which is significantly lower than the national median of $2,690. Property taxes in Traver are calculated based on the assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Traver'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 Traver or another part of Tulare County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Traver, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$964
$910
Ownwell’s Traver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Traver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Traver 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 Traver, California
Property taxes in Traver, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Traver is 1.14%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Traver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Traver 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 Traver's effective property tax rate to other counties in California and the national median. For comparison, the 93673 zip code has the highest median property tax rate of 1.14%, while the 93673 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Traver 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 Traver Tax Rate
1.14%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Traver, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93673 | 0.99% | 1.12% | 1.14% | 1.20% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Traver, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Traver, California. The market value represents 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 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 Traver, 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 example, the median home price in Traver is $84,537, with tax bills ranging from $503 at the 25th percentile to $2,465 at the 90th percentile. The zip code 93673 has the highest and lowest median tax bill of $980. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Traver Assessed Value
$84,537
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 Traver, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93673 | $32,218 | $45,934 | $84,537 | $127,458 | $193,027 |
Source: Ownwell
Property Tax Bills Across Traver, California
In TRAVER, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the county assessor's office and reflects the market value of the property. Homeowners in TRAVER can expect their property tax bills to be influenced by various factors, including the median home price, which stands at $84,537. The property tax rate in TRAVER is competitive when compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is $503, while the 75th percentile tax bill is $1,655, and the 90th percentile tax bill reaches up to $2,465. These figures indicate the range within which most homeowners' tax bills fall, depending on the assessed value of their properties. Understanding these factors can help homeowners in TRAVER anticipate their annual property tax obligations and plan their finances accordingly. The property tax system ensures that local services and infrastructure are adequately funded, contributing to the overall well-being of the community.
Average Traver Tax Bill
$980
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Traver, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93673 | $384 | $503 | $980 | $1,655 | $2,465 |
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 |