Woody, California Property Taxes
The median property tax rate in WOODY, CA is 1.12%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in WOODY at $157,732, the typical annual property tax bill comes to $1,727, which is below the national median of $2,690. Property taxes in WOODY are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding WOODY'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 WOODY 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
Woody, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,767
$1,668
Ownwell’s Woody Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Woody with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Woody to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, simply scroll down to discover more localized information. Your property’s assessed value is determined by Kern County for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Woody, California
Property taxes in Woody, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woody is 1.12%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Woody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woody 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 Woody's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93287 has both the highest and the lowest median property tax rate of 1.12%. Understanding how these cities compare with Woody 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 Woody Tax Rate
1.12%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woody, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93287 | 1.08% | 1.10% | 1.12% | 1.19% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Woody, California
In Woody, 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 Woody, 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 Woody helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 93287, with a bill of $1,727.
Average Woody Assessed Value
$157,732
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 Woody, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93287 | $48,985 | $108,164 | $157,732 | $262,267 | $350,812 |
Source: Ownwell
Property Tax Bills Across Woody, California
In Woody, 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 often a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Woody, the median home price stands at $157,732. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,034 and the 75th percentile reaching $3,009. For those in the 90th percentile, the tax bill can be as high as $3,858. These figures illustrate how property taxes can impact homeowners differently based on their property values. Compared to the national median property tax rate of 0.99%, Woody's tax rates reflect the local economic conditions and funding requirements for public services. Homeowners need to be aware of these factors as they directly influence their annual financial obligations.
Average Woody Tax Bill
$1,727
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Woody, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93287 | $582 | $1,034 | $1,727 | $3,009 | $3,858 |
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 |