Five Points, California Property Taxes
The median property tax rate in Five Points, CA is 1.10%, 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 Five Points, the typical annual property tax bill reaches $2,428, which is below the national median of $2,690. Property taxes in Five Points are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Five Points' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Five Points 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
Five Points, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,987
$1,844
Ownwell’s Five Points Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Five Points with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Five Points to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Fresno County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Five Points, California
Property taxes in Five Points, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Five Points is 1.10%, higher than the U.S. national median of 0.99%. Local government entities within Five Points set these rates annually, and they can vary significantly across different neighborhoods. Each year, Five Points 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 Five Points' effective property tax rate to other counties in California and the national median. For comparison, the 93624 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Five Points provides valuable insights into the varying tax landscape across Fresno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Five Points Tax Rate
1.10%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Five Points, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93624 | 1.07% | 1.09% | 1.10% | 1.34% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Five Points, California
In Five Points, 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 Fresno 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 Five Points, 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 Five Points helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93624 has the highest and lowest median tax bill at $2,428, providing a benchmark for property owners in the area.
Average Five Points Assessed Value
$180,608
Average Fresno County Assessed Value
$220,090
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Five Points, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93624 | $7,509 | $105,970 | $180,608 | $319,890 | $438,112 |
Source: Ownwell
Property Tax Bills Across Five Points, California
In Five Points, located in Fresno County, CA, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the Fresno County Assessor's Office and is typically a percentage of the market value. Homeowners in Five Points can expect their property tax rate to be influenced by local government budgets, school funding, and community services, among other factors. For example, with a median home price of $180,608, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,187, while those at the 75th percentile could see bills as high as $3,265. The 90th percentile tax bill can reach up to $4,793. This variability means that homeowners need to be aware of how changes in property values and local tax rates can impact their annual expenses. Comparatively, the national median property tax rate is 0.99%, making it essential for Five Points residents to understand their specific obligations to manage their finances effectively.
Average Five Points Tax Bill
$2,428
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Five Points, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93624 | $86 | $1,187 | $2,428 | $3,265 | $4,793 |
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 | |
|---|---|
| Fresno Tax Assessor | |
| Website | www.co.fresno.ca.us |