Stratford, Kings County, California Property Taxes
The median property tax rate in Stratford, CA is 1.09%, 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 Stratford at $102,927, the typical annual property tax bill reaches $1,040, which is below the national median of $2,690. Property taxes in Stratford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stratford'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 Stratford or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stratford, Kings County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,122
$1,041
Ownwell’s Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratford 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 Stratford, Kings County, California
Property taxes in Stratford, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stratford is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other counties in California and the national median. For comparison, the 93266 zip code has the highest median property tax rate of 1.09%, while the 93266 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Stratford 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 Stratford Tax Rate
1.09%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stratford, Kings County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93266 | 0.94% | 1.01% | 1.09% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, Kings County, California
In Stratford, 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 Stratford, 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. The highest median tax bill is $1,040 in zip code 93266, which is also the lowest. Being aware of these valuation processes in Stratford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stratford, Kings County, California
Source: Ownwell
$63,130
$185,875
$308,619
Average Stratford Assessed Value
$102,927
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 Stratford, Kings County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93266 | $40,640 | $70,182 | $102,927 | $134,368 | $200,134 |
Source: Ownwell
Property Tax Bills Across Stratford, Kings County, California
In Stratford, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value is determined by the Kings County Assessor’s Office and is used to calculate the property tax bill. The median home price in Stratford is $102,927. Homeowners in the area can expect a range of tax bills depending on various factors, such as property size, location, and any applicable exemptions. For example, the tax bill at the 25th percentile is $661, while at the 75th percentile, it rises to $1339. At the 90th percentile, homeowners might see a tax bill as high as $1985. Compared to the national median property tax rate of 0.99%, Stratford's property tax bills can be considered relatively moderate. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Stratford Tax Bill
$1,040
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Stratford, Kings County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93266 | $335 | $661 | $1,040 | $1,339 | $1,985 |
Source: Ownwell