Fresno, California Property Taxes
The median property tax rate in Fresno, CA is 1.11%, 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 Fresno at $131,592, the typical annual property tax bill comes to $1,421, which is below the national median of $2,690. Property taxes in Fresno are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Fresno'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 Fresno 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
Fresno, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,461
$1,355
Ownwell’s Fresno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fresno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fresno 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 Fresno, California
Property taxes in Fresno, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fresno is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Fresno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fresno 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 Fresno's effective property tax rate to other counties in California and the national median. For comparison, the 93720 zip code has the highest median property tax rate of 1.11%, while the same 93720 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Fresno provides valuable insights into the varying tax landscape across Madera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fresno Tax Rate
1.11%
Average Madera County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fresno, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93720 | 1.07% | 1.10% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Fresno, California
In Fresno, 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 Madera County Appraisal District 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 Fresno, 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 Fresno 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 93720, at $1,421, while the lowest is also 93720, at $1,421.
Average Fresno Assessed Value
$131,592
Average Madera County Assessed Value
$222,847
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fresno, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93720 | $122,105 | $123,375 | $131,592 | $708,596 | $1,733,678 |
Source: Ownwell
Property Tax Bills Across Fresno, California
In Fresno, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. The property tax rate in Fresno is influenced by various factors, including local government budgets, school funding, and public services. Typically, homeowners can expect their property tax bill to be around 0.99% of the assessed value, which aligns with the national median property tax rate. For example, if your home is assessed at $131,592, you might expect a tax bill close to $1,369, which is in the 25th percentile. However, higher-value homes can see significantly larger tax bills, with the 75th percentile reaching up to $7,820 and the 90th percentile going as high as $19,261. The highest median tax bill in Fresno is $1,421, found in the 93720 zip code. These tax bills directly impact homeowners by contributing to essential community services and infrastructure, thus affecting the overall living experience in Fresno.
Average Fresno Tax Bill
$1,421
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Fresno, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93720 | $1,355 | $1,369 | $1,421 | $7,820 | $19,261 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Madera Tax Assessor | |
| Website | common3.mptsweb.com |