Edison, California Property Taxes
The median property tax rate in Edison, CA is 1.31%, significantly higher than both the national median of 0.99% and California's state median of 1.21%. With a median home value of $424,785 in Edison, the typical annual property tax bill amounts to $5,475, far exceeding the national median of $2,690. Property taxes in Edison 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. Understanding Edison'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 Edison or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edison, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$5,565
$5,164
Ownwell’s Edison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edison 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 Edison, California
Property taxes in Edison, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Edison is 1.31%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Edison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edison 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 Edison's effective property tax rate to other counties in California and the national median. For comparison, the 93220 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Edison 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 Edison Tax Rate
1.31%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edison, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93220 | 1.29% | 1.30% | 1.31% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Edison, California
In Edison, 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 Appraisal District 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 Edison, 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 instance, the median home price in Edison is $424,785, with tax bills ranging from $5,217 at the 25th percentile to $5,845 at the 90th percentile. The zip code 93220 has both the highest and lowest median tax bill at $5,475. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edison Assessed Value
$424,785
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 Edison, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93220 | $387,693 | $401,602 | $424,785 | $433,478 | $438,693 |
Source: Ownwell
Property Tax Bills Across Edison, California
In Edison, located in Kern County, CA, property tax bills are determined using the assessed value of a home, which is based on the market value at the time of purchase or after significant improvements. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Edison, the median home price stands at $424,785, and the property tax rate is typically in line with California's average rates. Several factors influence the property tax bill, including the home's location, size, and any applicable exemptions or deductions. For instance, the tax bill at the 25th percentile is $5,217, while at the 75th percentile, it rises to $5,706. The 90th percentile tax bill can go up to $5,845. These variations highlight how property taxes can significantly impact homeowners, with higher-valued properties incurring larger tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Edison may find their tax obligations to be relatively comparable, depending on specific local rates and property values.
Average Edison Tax Bill
$5,475
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Edison, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93220 | $5,062 | $5,217 | $5,475 | $5,706 | $5,845 |
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 |