Calexico, California Property Taxes
The median property tax rate in Calexico, CA is 1.22%, slightly above both the national median of 0.99% and the California state median of 1.21%. With the median home value in Calexico at $192,981, the typical annual property tax bill is $2,342, which is below the national median of $2,690. Property taxes in Calexico are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Calexico'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 Calexico or another part of Imperial County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calexico, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,354
$2,185
Ownwell’s Calexico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calexico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calexico 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 Imperial County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Calexico, California
Property taxes in Calexico, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calexico is 1.22%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Calexico set these rates annually, and they can vary across different neighborhoods. Each year, Calexico 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 Calexico's effective property tax rate to other counties in California and the national median. For comparison, the zip code 92231 has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Calexico provides valuable insights into the varying tax landscape across Imperial County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calexico Tax Rate
1.22%
Average Imperial County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calexico, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92231 | 1.14% | 1.18% | 1.22% | 1.23% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Calexico, California
In Calexico, 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 Imperial 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 Calexico, 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 Calexico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92231 has the highest and lowest median tax bill, both at $2,342.
Average Calexico Assessed Value
$192,981
Average Imperial County Assessed Value
$178,448
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calexico, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92231 | $94,795 | $142,326 | $192,981 | $257,544 | $317,520 |
Source: Ownwell
Property Tax Bills Across Calexico, California
In Calexico, property tax bills are calculated based on the assessed value of a home, which is determined by the Imperial County Assessor's Office. This assessed value is influenced by the market value of similar properties in the area. Homeowners in Calexico can expect their property tax bill to vary significantly, with the 25th percentile tax bill around $1,673 and the 75th percentile reaching $3,185. For those in the 90th percentile, tax bills can climb to $4,109. The median home price in Calexico stands at $192,981, which helps determine these figures. Compared to the national median property tax rate of 0.99%, Calexico's property tax bills reflect the local market conditions and the specific assessments conducted by the county. These taxes are essential for funding public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community. The highest and lowest median tax bills in Calexico are both $2,342, located in the 92231 zip code.
Average Calexico Tax Bill
$2,342
Average Imperial County Tax Bill
$2,053
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Calexico, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92231 | $1,086 | $1,673 | $2,342 | $3,185 | $4,109 |
Source: Ownwell