Taft, California Property Taxes
The median property tax rate in Taft, CA is 1.91%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Taft, the typical annual property tax bill reaches $1,953, which is below the national median of $2,690. Property taxes in Taft 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 Taft'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 Taft 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
Taft, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,912
$1,774
Ownwell’s Taft Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Taft effortlessly. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Taft to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Taft, California
Property taxes in Taft, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Taft is 1.91%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Taft set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taft 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 Taft's effective property tax rate to other counties in California and the national median. For comparison, the 93268 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Taft 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 Taft Tax Rate
1.91%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taft, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93268 | 1.24% | 1.55% | 1.91% | 2.65% | 3.74% |
Source: Ownwell
Property Tax Assessment Values Across Taft, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Taft, California. The market value represents 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 Taft, 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 Taft helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Taft is $100,103, with the median tax bill at $1,953 in zip code 93268.
Average Taft Assessed Value
$100,103
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 Taft, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93268 | $27,704 | $51,197 | $100,103 | $171,381 | $244,800 |
Source: Ownwell
Property Tax Bills Across Taft, California
In Taft, located in Kern County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Kern County Assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Taft can expect a median property tax bill of around $1,953, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and improvements. Additionally, local tax rates and any applicable exemptions or deductions play a role in determining the overall amount. For instance, the 25th percentile of tax bills in Taft is $1,362, while the 75th percentile reaches $2,820, and at the 90th percentile, it can go up to $3,705. These property taxes directly impact homeowners by contributing to local services such as public schools, infrastructure, and emergency services, thereby enhancing community living standards while also representing a significant annual expense.
Average Taft Tax Bill
$1,953
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Taft, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93268 | $910 | $1,362 | $1,953 | $2,820 | $3,705 |
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 |