Highway City, California Property Taxes
The median property tax rate in Highway City, CA is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Highway City, the typical annual property tax bill reaches $1,476, exceeding the national median of $2,690. Property taxes in Highway City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highway City'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 Highway City 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
Highway City, 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 Highway City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highway City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highway City 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 Highway City, California
Property taxes in Highway City, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highway City is 1.26%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Highway City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highway City 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 Highway City's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in Fresno County is found in ZIP code 93720, with a rate of 1.40%, while the lowest median tax rate in the county is in ZIP code 93650, at 1.05%. Understanding how these cities compare with Highway City 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 Highway City Tax Rate
1.26%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highway City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Highway City, California
In Highway City, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Fresno 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 Highway City, 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. For example, homes in the 25th percentile have an annual tax bill of $889, while those in the 75th percentile face $2,064. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Highway City, California
Source: Ownwell
$35,234
$252,720
$470,206
Average Highway City Assessed Value
$120,878
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 Highway City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Highway City, California
In Highway City, located in Fresno County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Factors such as the property's location, size, and condition play a significant role in this assessment. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. For homeowners in Highway City, the tax bill can vary significantly. For instance, the 25th percentile of tax bills is around $889, while the 75th percentile reaches approximately $2,064, and those in the 90th percentile can expect to pay about $2,416. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates and assessed values impact their finances. High property taxes can affect affordability and long-term financial planning, making it essential for homeowners to stay informed about their property’s assessed value and any potential changes in tax rates.
Average Highway City Tax Bill
$1,476
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Highway City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 |