Laton, California Property Taxes
The median property tax rate in Laton, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $113,625 in Laton, the typical annual property tax bill amounts to $1,160, which is below the national median of $2,690. Property taxes in Laton are calculated based on the tax assessed value, often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Laton'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 Laton or another part of Fresno County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,193
$1,127
Ownwell’s Laton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laton 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 Laton, California
Property taxes in Laton, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laton is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Laton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laton 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 Laton's effective property tax rate to other areas in California and the national median. For comparison, the 93242 zip code has the highest median property tax rate of 1.05%, while the same 93242 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Laton 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 Laton Tax Rate
1.05%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | 0.94% | 0.99% | 1.05% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Laton, California
In Laton, 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 Fresno County 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 Laton, 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. The median home price in Laton is $113,625, with tax bills ranging from $750 at the 25th percentile to $3,010 at the 90th percentile. The zip code 93242 has both the highest and lowest median tax bill at $1,160. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Laton Assessed Value
$113,625
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 Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | $42,133 | $73,459 | $113,625 | $177,212 | $283,191 |
Source: Ownwell
Property Tax Bills Across Laton, California
In Laton, located in Fresno County, CA, property tax bills are calculated based on the assessed value of a property. The assessed value is typically determined by the county assessor and reflects the market value of the property. Homeowners in Laton can expect their property tax bills to be influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For example, the median home price in Laton is $113,625, and the property tax rate is aligned with the county's standards. Homeowners in the 25th percentile pay around $750 annually, while those in the 75th percentile see bills closer to $1,792. At the higher end, the 90th percentile tax bill reaches approximately $3,010. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners anticipate their financial responsibilities and plan accordingly. The highest and lowest median tax bill in the area both stand at $1,160, indicating a consistent tax rate across different properties within the same zip code (93242).
Average Laton Tax Bill
$1,160
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | $407 | $750 | $1,160 | $1,792 | $3,010 |
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 |