Kingsburg, California Property Taxes
The median property tax rate in Kingsburg, CA is 1.13%, 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 Kingsburg at $308,619, the typical annual property tax bill reaches $3,155, surpassing the national median of $2,690. Property taxes in Kingsburg 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 Kingsburg'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 Kingsburg 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
Kingsburg, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,487
$3,236
Ownwell’s Kingsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsburg 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 Kingsburg, California
Property taxes in Kingsburg, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsburg is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Kingsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsburg 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 Kingsburg's effective property tax rate to other counties in California and the national median. For comparison, the 93631 zip code has the highest median property tax rate of 1.13%, while the 93631 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Kingsburg 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 Kingsburg Tax Rate
1.13%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsburg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93631 | 1.04% | 1.11% | 1.13% | 1.17% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Kingsburg, California
In Kingsburg, 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'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 Kingsburg, 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. The median home price in Kingsburg is $308,619, with tax bills ranging from $1,299 at the 25th percentile to $6,201 at the 90th percentile. 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 Kingsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingsburg Assessed Value
$308,619
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 Kingsburg, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93631 | $58,850 | $151,330 | $308,619 | $431,612 | $603,021 |
Source: Ownwell
Property Tax Bills Across Kingsburg, California
In Kingsburg, located in Kings County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Kingsburg experience a range of tax bills, with the 25th percentile at $1,299 and the 75th percentile reaching $4,634. The highest median tax bill in the area is $3,155, which is notably 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 any applicable exemptions or deductions. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is calculated can help in financial planning and potentially appealing the assessed value if it seems inaccurate. While property taxes can be a significant expense, they are crucial for maintaining the quality of life in the community.
Average Kingsburg Tax Bill
$3,155
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsburg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93631 | $416 | $1,299 | $3,155 | $4,634 | $6,201 |
Source: Ownwell