Friant, California Property Taxes
The median property tax rate in Friant, CA is 1.07%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $364,206 in Friant, the typical annual property tax bill is approximately $3,490, significantly exceeding the national median of $2,690. Property taxes in Friant are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Friant's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Friant or another part of Madera County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Friant, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Friant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Friant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Friant 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 Friant, California
Property taxes in Friant, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Friant is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Friant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friant 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 Friant's effective property tax rate to other counties in California and the national median. For comparison, the 93626 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Friant 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 Friant Tax Rate
1.07%
Average Madera County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friant, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93626 | 0.83% | 1.04% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Friant, California
In Friant, 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 Friant, 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. Friant's median home price stands at $364,206, with tax bills ranging from $2,721 at the 25th percentile to $6,283 at the 90th percentile. Notably, the zip code 93626 has both the highest and lowest median tax bill at $3,490. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Friant Assessed Value
$364,206
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 Friant, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93626 | $206,065 | $248,856 | $364,206 | $540,106 | $625,352 |
Source: Ownwell
Property Tax Bills Across Friant, California
In Friant, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. The tax rate in Madera County plays a crucial role in this calculation. For example, the median home price in Friant is $364,206, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Friant can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $2,721, while those in the 75th percentile pay approximately $4,864. For higher-valued properties, the 90th percentile tax bill can reach up to $6,283. This variation significantly impacts homeowners, as higher property values lead to higher tax bills. When compared to the national median property tax rate of 0.99%, Friant's property tax bills reflect the assessed home values and local tax rate, influencing the overall financial burden on homeowners.
Average Friant Tax Bill
$3,490
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Friant, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93626 | $2,160 | $2,721 | $3,490 | $4,864 | $6,283 |
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 |