Frazier Park, California Property Taxes
The median property tax rate in Frazier Park, CA is 1.08%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Frazier Park at $196,508, the typical annual property tax bill amounts to $2,092, which is below the national median of $2,690. Property taxes in Frazier Park are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Frazier Park'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 Frazier Park or another part of Ventura County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frazier Park, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,122
$2,004
Ownwell’s Frazier Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frazier Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frazier Park 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 Frazier Park, California
Property taxes in Frazier Park, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Frazier Park is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Frazier Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frazier Park 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 Frazier Park's effective property tax rate to other areas in California and the national median. For comparison, the zip code 93225 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Frazier Park 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 Frazier Park Tax Rate
1.08%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frazier Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93225 | 1.00% | 1.05% | 1.08% | 1.10% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Frazier Park, California
In Frazier Park, 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 Frazier Park, 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 Frazier Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 93225, with a tax bill of $2,092.
Property Tax Assessment Values Across Frazier Park, California
Source: Ownwell
$4,006
$799,425
$1,594,844
Average Frazier Park Assessed Value
$196,508
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 Frazier Park, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93225 | $30,701 | $93,606 | $196,508 | $298,323 | $454,254 |
Source: Ownwell
Property Tax Bills Across Frazier Park, California
In Frazier Park, Ventura County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $196,508, the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, improvements, and any applicable exemptions also play a role in the final tax amount. Homeowners in Frazier Park can expect their tax bills to vary significantly. The 25th percentile tax bill is around $958, while the 75th percentile tax bill reaches up to $3,154. For those at the higher end, the 90th percentile tax bill can be as much as $4,564. These figures indicate a range of property tax burdens, reflecting differences in property values and applicable tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Frazier Park may find their tax rates to be relatively moderate.
Average Frazier Park Tax Bill
$2,092
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Frazier Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93225 | $342 | $958 | $2,092 | $3,154 | $4,564 |
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 |