Camarillo, California Property Taxes
The median property tax rate in Camarillo, CA is 1.09%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Camarillo at $510,949, the typical annual property tax bill reaches $5,493, significantly exceeding the national median of $2,690. Property taxes in Camarillo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Camarillo'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 Camarillo 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
Camarillo, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Camarillo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camarillo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camarillo 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 Camarillo, California
Property taxes in Camarillo, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camarillo is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Camarillo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camarillo 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 Camarillo's effective property tax rate to other areas in Ventura County and the national median. For comparison, the 93011 zip code has the highest median property tax rate of 1.12%, while the 93012 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Camarillo 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 Camarillo Tax Rate
1.09%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camarillo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93010 | 1.08% | 1.09% | 1.09% | 1.11% | 1.13% |
| 93011 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 93012 | 1.06% | 1.08% | 1.09% | 1.10% | 1.11% |
| 93066 | 1.08% | 1.09% | 1.12% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Camarillo, California
In Camarillo, 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 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 Camarillo, 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 Camarillo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,701 in the 93066 zip code, while the lowest is $2,739 in the 93011 zip code.
Average Camarillo Assessed Value
$510,949
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 Camarillo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93010 | $149,911 | $305,766 | $514,877 | $717,522 | $951,852 |
| 93011 | $244,823 | $244,823 | $244,823 | $244,823 | $244,823 |
| 93012 | $219,239 | $338,054 | $504,886 | $710,460 | $947,634 |
| 93066 | $210,539 | $249,402 | $619,166 | $1,048,361 | $1,194,203 |
Source: Ownwell
Property Tax Bills Across Camarillo, California
Property tax bills in Camarillo, Ventura County, CA, are calculated based on the assessed value of a property. The assessed value often starts with the market value of the home, which in Camarillo has a median of $510,949. This value is then multiplied by the local property tax rate. Although California's property tax rate is generally lower than the national median of 0.99%, individual tax bills can vary significantly. For instance, in Camarillo, the 25th percentile tax bill is $3,440, while the 75th percentile reaches $7,642, and the 90th percentile even climbs to $10,195. Factors such as property location and any applicable exemptions or deductions can influence these amounts. Homeowners in certain zip codes, like 93066, may face the highest median tax bill of $6,701, whereas those in zip code 93011 might encounter a lower median tax bill of $2,739. Understanding these variables is crucial for homeowners as property taxes can significantly impact annual expenses.
Average Camarillo Tax Bill
$5,493
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Camarillo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93010 | $1,580 | $3,261 | $5,457 | $7,643 | $10,286 |
| 93011 | $2,739 | $2,739 | $2,739 | $2,739 | $2,739 |
| 93012 | $2,284 | $3,639 | $5,520 | $7,638 | $10,105 |
| 93066 | $2,368 | $2,760 | $6,701 | $11,495 | $13,422 |
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 |