Breckenridge, California Property Taxes
The median property tax rate in Breckenridge, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Breckenridge, the typical annual property tax bill reaches $270, which is significantly lower than the national median of $2,690. Property taxes in Breckenridge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Breckenridge'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 Breckenridge 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
Breckenridge, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$258
$244
Ownwell’s Breckenridge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Breckenridge to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Kern County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Breckenridge, California
Property taxes in Breckenridge, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Breckenridge is 1.24%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Breckenridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Breckenridge 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 Breckenridge's effective property tax rate to other counties in California and the national median. Understanding how these cities compare with Breckenridge provides valuable insights into the varying tax landscape across Kern County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breckenridge Tax Rate
1.24%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breckenridge, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Breckenridge, California
In Breckenridge, 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 Kern 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 Breckenridge, 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 instance, properties in the 25th percentile have a tax bill around $246, while those in the 75th percentile see bills closer to $716, and the 90th percentile can reach up to $984. 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 Breckenridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Breckenridge, California
Source: Ownwell
$11,832
$273,858
$535,884
Average Breckenridge Assessed Value
$20,808
Average Kern County Assessed Value
$197,658
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breckenridge, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Breckenridge, California
In Breckenridge, Kern County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Homeowners in Breckenridge can expect their property tax bill to reflect various factors, including the local tax rate and any applicable exemptions or deductions. The median home price in Breckenridge is $20,808, which significantly influences the overall tax bill. For instance, property tax bills in the 25th percentile are around $246, while those in the 75th percentile reach up to $716. At the 90th percentile, homeowners might see tax bills as high as $984. These figures highlight the variability in property taxes based on home values and other contributing factors. Compared to the national median property tax rate of 0.99%, Breckenridge's tax rates can be considered relatively modest. However, the impact on homeowners can vary widely, depending on the specific assessed value of their property and the applicable tax rate.
Average Breckenridge Tax Bill
$270
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Breckenridge, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 | |
|---|---|
| Kern Tax Assessor | |
| Website | www.kerncounty.com |