Tranquillity, California Property Taxes
The median property tax rate in Tranquillity, CA is 1.09%, 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 Tranquillity at $107,881, the typical annual property tax bill amounts to $1,152, which is below the national median of $2,690. Property taxes in Tranquillity are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Tranquillity's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Tranquillity or another part of Fresno County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tranquillity, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,176
$1,091
Ownwell’s Tranquillity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tranquillity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tranquillity 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 Tranquillity, California
Property taxes in Tranquillity, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tranquillity is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tranquillity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tranquillity 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 Tranquillity's effective property tax rate to other areas in California and the national median. For comparison, the 93668 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Tranquillity 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 Tranquillity Tax Rate
1.09%
Average Fresno County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tranquillity, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93668 | 1.01% | 1.03% | 1.09% | 1.14% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Tranquillity, California
In Tranquillity, 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 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 Tranquillity, 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 Tranquillity helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1152, found in the 93668 zip code.
Property Tax Assessment Values Across Tranquillity, California
Source: Ownwell
$35,234
$252,720
$470,206
Average Tranquillity Assessed Value
$107,881
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 Tranquillity, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93668 | $39,973 | $70,162 | $107,881 | $166,176 | $241,210 |
Source: Ownwell
Property Tax Bills Across Tranquillity, California
In Tranquillity, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Fresno County Assessor. This assessed value is typically a percentage of the property's market value. Once the assessed value is determined, the property tax rate is applied to calculate the annual tax bill. In Tranquillity, the median home price is $107,881, resulting in varying tax bills across different percentiles. For instance, homeowners in the 25th percentile pay around $776, while those in the 75th percentile face a tax bill of approximately $1,801. At the 90th percentile, the tax bill can reach up to $2,585. These tax bills are influenced by factors such as property improvements, changes in market conditions, and local tax levies. Compared to the national median property tax rate of 0.99%, Tranquillity's tax rates can significantly impact homeowners, especially those with properties at higher assessed values. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Tranquillity Tax Bill
$1,152
Average Fresno County Tax Bill
$2,693
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tranquillity, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93668 | $458 | $776 | $1,152 | $1,801 | $2,585 |
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 |