Mc Farland, California Property Taxes
The median property tax rate in McFarland, CA is 1.27%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in McFarland, the typical annual property tax bill reaches $1,784, which is below the national median of $2,690. Property taxes in McFarland 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 McFarland'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 McFarland 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
Mc Farland, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s McFarland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McFarland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McFarland 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 Mc Farland, California
Property taxes in McFarland, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McFarland is 1.27%, higher than both the California state median of 0.74% and the U.S. national median of 0.99%. Local government entities within McFarland set these rates annually, and they can vary significantly across different neighborhoods. Each year, McFarland 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 McFarland's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93250 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with McFarland 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 Mc Farland Tax Rate
1.27%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Farland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93250 | 1.19% | 1.22% | 1.27% | 1.35% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Mc Farland, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McFarland, California. 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 McFarland, 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. The median home price in McFarland is $145,314, with tax bills ranging from $1,196 at the 25th percentile to $3,205 at the 90th percentile. The highest and lowest median tax bills both occur in the 93250 zip code, amounting to $1,784. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Farland Assessed Value
$145,314
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 Mc Farland, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93250 | $62,023 | $94,032 | $145,314 | $218,348 | $258,587 |
Source: Ownwell
Property Tax Bills Across Mc Farland, California
In McFarland, located in Kern County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions influence the assessed value. For instance, McFarland's median home price is $145,314, and the property tax rate in the area is reflective of the state's overall rates. Homeowners in McFarland can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $1,196, while the 75th percentile tax bill is $2,758, and the 90th percentile tax bill reaches $3,205. These figures highlight the range of tax burdens depending on property values and individual circumstances. Compared to the national median property tax rate of 0.99%, McFarland’s property taxes can have a considerable impact on homeowners, influencing their annual financial planning and overall cost of homeownership.
Average Mc Farland Tax Bill
$1,784
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Farland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93250 | $839 | $1,196 | $1,784 | $2,758 | $3,205 |
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 |