Old River, California Property Taxes
The median property tax rate in Old River, CA is 1.55%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Old River, the typical annual property tax bill reaches $1,986, which is still below the national median of $2,690. Property taxes in Old River 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 Old River'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 Old River 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
Old River, 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 Old River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old River 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 Old River, California
Property taxes in Old River, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old River is 1.15%, which is higher than both the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Old River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old River 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 Old River's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93301 has the highest median property tax rate of 1.25%, while the zip code 93309 has the lowest median tax rate of 0.85%. Understanding how these cities compare with Old River 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 Old River Tax Rate
1.55%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old River, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Old River, California
In Old River, 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 Old River, 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. Being aware of these valuation processes in Old River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Old River stands at $128,059, with tax bills ranging from $1,986 at the 25th percentile to the 90th percentile.
Average Old River Assessed Value
$128,059
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 Old River, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Old River, California
In Old River, Kern County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value typically starts with the market value at the time of purchase and is adjusted annually. Homeowners in Old River can expect a median property tax rate of 0.99%, which aligns with the national median. This means for a median home price of $128,059, the annual property tax bill would be approximately $1,268. Several factors influence the final tax bill, including property improvements, local tax rates, and applicable exemptions. For instance, homeowners may qualify for exemptions that reduce their taxable value, thereby lowering their overall tax burden. The consistency of tax bills in Old River is evident, with the 25th, 75th, and 90th percentiles all reporting tax bills of $1,986. Understanding these factors helps homeowners budget effectively and anticipate annual costs, ensuring they are well-prepared for their financial obligations.
Average Old River Tax Bill
$1,986
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Old River, 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 |