Derby Acres, California Property Taxes
The median property tax rate in Derby Acres, 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 a median home value in Derby Acres of $54,760, the typical annual property tax bill amounts to $664, significantly less than the national median of $2,690. Property taxes in Derby Acres are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Derby Acres' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Derby Acres or another part of Kern County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Derby Acres, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$652
$605
Ownwell’s Derby Acres Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Derby Acres with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Derby Acres 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 Kern County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Derby Acres, California
Property taxes in Derby Acres, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Derby Acres is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Derby Acres set these rates annually, and they can vary significantly across different neighborhoods. Each year, Derby Acres 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 Derby Acres' effective property tax rate to other areas in Kern County and the national median. For comparison, the highest median property tax rate in the area is 1.19%, while the lowest median tax rate is also 1.19%. Understanding how these cities compare with Derby Acres 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 Derby Acres Tax Rate
1.19%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Derby Acres, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Derby Acres, California
In Derby Acres, 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 Derby Acres, 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. For example, homeowners in the zip code with the highest tax bills face an annual amount of $1,654, while those in the lowest pay around $414. Being aware of these valuation processes in Derby Acres helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Derby Acres Assessed Value
$54,760
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 Derby Acres, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Derby Acres, California
In Derby Acres, located in Kern County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Kern County Assessor's Office. The median home price in Derby Acres is $54,760. Property taxes are typically calculated by applying the local tax rate to the assessed value of the property. For example, homeowners in the 25th percentile of tax bills pay around $414 annually, while those in the 75th percentile pay approximately $1,001. Homeowners in the 90th percentile can see tax bills as high as $1,654. Several factors influence the property tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Derby Acres may find their property tax bills relatively manageable, although they can vary significantly depending on the assessed value and specific circumstances of each property.
Average Derby Acres Tax Bill
$664
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Derby Acres, 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 |