Twin Oaks, California Property Taxes
The median property tax rate in Twin Oaks, CA is 1.17%, 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 of $120,898, the typical annual property tax bill in Twin Oaks reaches $1,434, which is lower than the national median of $2,690. Property taxes in Twin Oaks are calculated based on the assessed value, often reduced by exemptions such as those for primary residences and agricultural properties. By understanding Twin Oaks' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing within Twin Oaks or in another part of Kern County, gaining insight into the local property tax framework will be beneficial.
Last Updated June 14, 2024
Twin Oaks, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,415
$1,336
Ownwell’s Twin Oaks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Twin Oaks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Twin Oaks 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 Twin Oaks, California
Property taxes in Twin Oaks, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Twin Oaks is 1.17%, higher than both the California state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Twin Oaks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Twin Oaks 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 Twin Oaks's effective property tax rate to other counties in California and the national median. For comparison, the 90210 zip code has the highest median property tax rate of 1.25%, while the 90001 zip code has the lowest median tax rate of 0.65%. Understanding how these cities compare with Twin Oaks 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 Twin Oaks Tax Rate
1.17%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Twin Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Twin Oaks, California
In Twin Oaks, 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's Office 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 Twin Oaks, 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. For example, homeowners in the 25th percentile pay around $974, while those in the 75th percentile face bills of approximately $1,892. 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 Twin Oaks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Twin Oaks Assessed Value
$120,898
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 Twin Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Twin Oaks, California
Property tax bills in Twin Oaks, Kern County, CA, are determined based on the assessed value of a property, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Twin Oaks, the median home price is $120,898. Several factors influence the assessed value, including property size, location, and market conditions. Additionally, local government services, such as schools, public safety, and infrastructure, are funded through these taxes, making them essential for community development. Homeowners in Twin Oaks face varying property tax bills, with the 25th percentile paying around $974 annually, while those in the 75th percentile pay approximately $1,892. The top 10% of taxpayers see bills as high as $2,892. Compared to the national median property tax rate of 0.99%, Twin Oaks homeowners experience unique financial implications based on their specific property values and local tax rates. This variability can significantly impact household budgets and long-term financial planning for residents.
Average Twin Oaks Tax Bill
$1,434
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Twin Oaks, 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 |