El Centro, California Property Taxes
The median property tax rate in El Centro, CA is 1.10%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $183,396 in El Centro, the typical annual property tax bill amounts to $1,937, falling below the national median of $2,690. Property taxes in El Centro are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding El Centro'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 El Centro 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
El Centro, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,017
$1,872
Ownwell’s EL CENTRO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EL CENTRO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EL CENTRO 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 El Centro, California
Property taxes in El Centro, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Centro is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within El Centro set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Centro 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 El Centro's effective property tax rate to other areas in California and the national median. For comparison, the 92243 zip code has the highest median property tax rate of 1.10%, while the 92244 zip code has the lowest median tax rate of 1.08%. Understanding how these cities compare with El Centro 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 El Centro Tax Rate
1.10%
Average Imperial County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Centro, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92243 | 1.03% | 1.06% | 1.10% | 1.11% | 1.14% |
| 92244 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across El Centro, California
In El Centro, 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 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 El Centro, 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. For example, the zip code with the highest median tax bill is 92243 at $1,937, while the lowest is 92244 at $1,681. 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 El Centro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average El Centro Assessed Value
$183,396
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 El Centro, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92243 | $73,445 | $119,006 | $183,449 | $277,112 | $372,300 |
| 92244 | $155,169 | $155,169 | $155,169 | $155,169 | $155,169 |
Source: Ownwell
Property Tax Bills Across El Centro, California
In El Centro, located in Imperial County, CA, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. Homeowners in El Centro see their property tax bills influenced by various factors, including the median home price, which stands at $183,396. The tax bill for properties in the 25th percentile is around $1,245, while those in the 75th percentile face bills closer to $2,973. The highest median tax bill within the city reaches $1,937 in the 92243 zip code, and the lowest is $1,681 in the 92244 zip code. These tax bills impact homeowners by contributing to the overall cost of owning property. For comparison, the national median property tax rate is 0.99%, which can provide a benchmark for understanding local tax burdens. Higher property taxes can affect affordability, potentially influencing decisions on buying or selling property in the area.
Average El Centro Tax Bill
$1,937
Average Imperial County Tax Bill
$2,053
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across El Centro, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92243 | $768 | $1,245 | $1,937 | $2,973 | $4,077 |
| 92244 | $1,681 | $1,681 | $1,681 | $1,681 | $1,681 |
Source: Ownwell