Holtville, California Property Taxes
The median property tax rate in Holtville, CA is 1.10%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $148,934 in Holtville, the typical annual property tax bill amounts to $1,604, which is below the national median of $2,690. Property taxes in Holtville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Holtville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Holtville or investing in real estate within the city, comprehending the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Holtville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,638
$1,547
Ownwell’s Holtville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holtville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holtville 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 Holtville, California
Property taxes in Holtville, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holtville is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Holtville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holtville 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 Holtville's effective property tax rate to other counties in California and the national median. For comparison, the 92250 zip code has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Holtville 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 Holtville 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 Holtville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92250 | 1.00% | 1.05% | 1.10% | 1.12% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Holtville, California
In Holtville, 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's Office 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 Holtville, 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 Holtville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92250 in Holtville has both the highest and lowest median tax bills, both at $1,604.
Average Holtville Assessed Value
$148,934
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 Holtville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92250 | $52,556 | $92,902 | $148,934 | $229,199 | $309,638 |
Source: Ownwell
Property Tax Bills Across Holtville, California
In Holtville, located in Imperial County, CA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is often a percentage of the market value. For instance, with a median home price of $148,934, the property tax rate is applied to this assessed value. Various factors, such as property improvements and market conditions, can influence the assessed value. Homeowners in Holtville can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $976, while at the 75th percentile, it can reach up to $2,528. For those at the 90th percentile, the tax bill can be as high as $3,518. The highest and lowest median tax bills in the area are both $1,604, indicating a relatively consistent tax range within the 92250 zip code. Understanding these figures helps homeowners budget accordingly and anticipate their annual property tax obligations. Comparing these rates to the national median property tax rate of 0.99% provides additional perspective on local tax burdens.
Average Holtville Tax Bill
$1,604
Average Imperial County Tax Bill
$2,053
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Holtville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92250 | $550 | $976 | $1,604 | $2,528 | $3,518 |
Source: Ownwell