Armona, California Property Taxes
The median property tax rate in Armona, CA is 1.10%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Armona at $134,790, the typical annual property tax bill is approximately $1,325, which is below the national median of $2,690. Property taxes in Armona are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Armona'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 Armona 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
Armona, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,483
$1,376
Ownwell’s Armona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Armona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Armona 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 Armona, California
Property taxes in Armona, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Armona is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Armona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Armona 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 Armona's effective property tax rate to other counties in California and the national median. For comparison, the 93202 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Armona provides valuable insights into the varying tax landscape across Kings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Armona Tax Rate
1.10%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Armona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93202 | 0.95% | 1.03% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Armona, California
In Armona, 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 Kings 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 Armona, 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 Armona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Armona is $134,790, with the highest and lowest median tax bills both recorded at $1,325 in the 93202 zip code.
Average Armona Assessed Value
$134,790
Average Kings County Assessed Value
$196,084
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Armona, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93202 | $59,090 | $92,864 | $134,790 | $194,008 | $244,800 |
Source: Ownwell
Property Tax Bills Across Armona, California
In Armona, located in Kings County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in Armona is $134,790, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements and market conditions can influence the assessed value, leading to variations in tax bills. Homeowners in Armona can expect property tax bills to range significantly. At the 25th percentile, the tax bill is approximately $893, whereas at the 75th percentile, it rises to about $1,979. For those at the 90th percentile, the tax bill can reach up to $2,517. These figures indicate the variability in property tax burdens depending on the property's assessed value. Compared to the national median property tax rate of 0.99%, the tax rates in Kings County reflect the local economic conditions and property values. Understanding these factors can help homeowners in Armona anticipate their property tax obligations and plan accordingly.
Average Armona Tax Bill
$1,325
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Armona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93202 | $535 | $893 | $1,325 | $1,979 | $2,517 |
Source: Ownwell