Wasco, California Property Taxes
The median property tax rate in Wasco, CA is 1.28%, notably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Wasco, the typical annual property tax bill reaches $1,937, still below the national median of $2,690. Property taxes in Wasco are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wasco'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 Wasco 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
Wasco, 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 Wasco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wasco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wasco to provide an estimated property tax bill. This invaluable tool offers insight into potential tax liabilities, helping you make informed financial decisions. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Kern County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Wasco, California
Property taxes in Wasco, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wasco is 1.28%, which is significantly higher than the U.S. national median of 0.99%. Local government entities in Wasco set these rates annually, and they can vary across different neighborhoods. Each year, Wasco 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. Understanding how Wasco's effective property tax rate compares to other areas 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 Wasco Tax Rate
1.28%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wasco, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93280 | 1.05% | 1.22% | 1.28% | 1.37% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Wasco, California
In Wasco, 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 Wasco, 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 instance, the median home price in Wasco is $157,815, and tax bills can range significantly. The 25th percentile tax bill is $1,284, while the 75th percentile tax bill is $2,824, and the 90th percentile tax bill can reach $3,444. Notably, the zip code 93280 has both the highest and lowest median tax bill at $1,937. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Wasco Assessed Value
$157,815
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 Wasco, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93280 | $61,318 | $104,788 | $157,815 | $231,556 | $279,044 |
Source: Ownwell
Property Tax Bills Across Wasco, California
In Wasco, located in Kern County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For instance, a home with a median price of $157,815 in Wasco can expect a property tax bill that varies widely based on specific circumstances and exemptions. Homeowners in Wasco may see tax bills ranging from $1,284 at the 25th percentile to $2,824 at the 75th percentile, with the 90th percentile reaching up to $3,444. These figures reflect the variability in assessed values and applicable deductions, which can significantly impact the final tax bill. Compared to the national median property tax rate of 0.99%, Wasco's property tax bills are influenced by local rates and policies, affecting homeowners' annual financial obligations. Understanding these factors can help homeowners better anticipate and manage their property tax expenses.
Average Wasco Tax Bill
$1,937
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Wasco, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93280 | $722 | $1,284 | $1,937 | $2,824 | $3,444 |
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 |