Palo Verde, Imperial County, California Property Taxes
The median property tax rate in Palo Verde, CA is 1.19%, which is higher than the national median of 0.99% but slightly below the California state median of 1.21%. With the median home value in Palo Verde, the typical annual property tax bill amounts to $754, significantly lower than the national median of $2,690. Property taxes in Palo Verde are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Palo Verde'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 Palo Verde or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Palo Verde, Imperial County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$768
$713
Ownwell’s Palo Verde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palo Verde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palo Verde 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 Palo Verde, Imperial County, California
Property taxes in Palo Verde, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palo Verde is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Palo Verde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palo Verde 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 Palo Verde's effective property tax rate to other counties in California and the national median. For comparison, the 92266 zip code has the highest median property tax rate of 1.19%, while the 92266 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Palo Verde 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 Palo Verde Tax Rate
1.19%
Average Imperial County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palo Verde, Imperial County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92266 | 1.10% | 1.11% | 1.19% | 1.31% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Palo Verde, Imperial County, California
In Palo Verde, 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. Assessment notices in Palo Verde 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 Palo Verde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92266 has both the highest and lowest median tax bill, which stands at $754.
Property Tax Assessment Values Across Palo Verde, Imperial County, California
Source: Ownwell
$22,108
$136,896
$251,683
Average Palo Verde Assessed Value
$64,578
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 Palo Verde, Imperial County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92266 | $22,540 | $40,636 | $64,578 | $124,099 | $326,145 |
Source: Ownwell
Property Tax Bills Across Palo Verde, Imperial County, California
In Palo Verde, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Imperial County, where Palo Verde is located, can expect their property tax bills to reflect this assessed value multiplied by the local tax rate. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Palo Verde is $64,578, and property tax bills can vary widely. Homeowners at the 25th percentile might see tax bills around $493, while those at the 75th percentile could pay approximately $1,412. The highest median tax bill in the area is $754, which is notably lower than the national median property tax rate of 0.99%. These property taxes contribute to local services such as schools, infrastructure, and public safety, impacting the overall quality of life for residents.
Average Palo Verde Tax Bill
$754
Average Imperial County Tax Bill
$2,053
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Palo Verde, Imperial County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92266 | $321 | $493 | $754 | $1,412 | $3,421 |
Source: Ownwell