Bell Canyon, California Property Taxes
The median property tax rate in Bell Canyon, CA is 1.14%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $1,330,156, the typical annual property tax bill in Bell Canyon reaches $15,058, far exceeding the national median of $2,690. Property taxes in Bell Canyon are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences. Understanding Bell Canyon's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Bell Canyon or another part of Ventura County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Bell Canyon, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$15,164
$14,321
Ownwell’s Bell Canyon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bell Canyon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bell Canyon 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 Bell Canyon, California
Property taxes in Bell Canyon, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bell Canyon is 1.14%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bell Canyon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bell Canyon 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 Bell Canyon's effective property tax rate to other counties in California and the national median. For comparison, the 91307 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Bell Canyon 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 Bell Canyon Tax Rate
1.14%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bell Canyon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91307 | 1.06% | 1.11% | 1.14% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bell Canyon, California
In Bell Canyon, CA, 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's Office 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 Bell Canyon, 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 Bell Canyon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $15,058, found in zip code 91307.
Property Tax Assessment Values Across Bell Canyon, California
Source: Ownwell
$4,006
$799,425
$1,594,844
Average Bell Canyon Assessed Value
$1,330,156
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 Bell Canyon, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91307 | $688,653 | $1,014,942 | $1,330,156 | $1,792,991 | $2,399,336 |
Source: Ownwell
Property Tax Bills Across Bell Canyon, California
In Bell Canyon, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value reflects the market value of the property at the time of purchase or after significant improvements. This value is then multiplied by the property tax rate to determine the annual tax bill. In Ventura County, where Bell Canyon is located, homeowners face a range of property tax bills. For instance, the 25th percentile tax bill stands at $11,626, while the 75th percentile reaches $19,846, and the 90th percentile goes up to $25,540. Compared to the national median property tax rate of 0.99%, Bell Canyon’s property tax rates can lead to significantly higher annual bills due to the high median home price of $1,330,156. These tax bills can have a substantial impact on homeowners, influencing their overall financial planning and the affordability of maintaining their properties. High property taxes may also affect the real estate market, potentially impacting home values and sales.
Average Bell Canyon Tax Bill
$15,058
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bell Canyon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91307 | $8,069 | $11,626 | $15,058 | $19,846 | $25,540 |
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 |