North Fork, California Property Taxes
The median property tax rate in North Fork, CA is 1.07%, 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 North Fork at $195,840, the typical annual property tax bill amounts to $2,075, which is below the national median of $2,690. Property taxes in North Fork are determined based on the assessed value, which is often less than the market value thanks to exemptions like those for primary residences and agricultural properties. Gaining a clear understanding of North Fork’s property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're residing in North Fork or investing in real estate here, comprehending the local property tax structure is advantageous for both homeowners and investors.
Last Updated June 14, 2024
North Fork, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,095
$1,945
Ownwell’s North Fork Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Fork with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Fork 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 North Fork, California
Property taxes in North Fork, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Fork is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within North Fork set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Fork 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 North Fork's effective property tax rate to other areas in California and the national median. For comparison, the 93643 zip code has the highest median property tax rate of 1.07%, while the 93643 zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with North Fork 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 North Fork 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 North Fork, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93643 | 0.99% | 1.04% | 1.07% | 1.07% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across North Fork, California
In North Fork, 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 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 North Fork, 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. Areas within the 93643 zip code have the highest and lowest median tax bills, both at $2,075. Being aware of these valuation processes in North Fork helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average North Fork Assessed Value
$195,840
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 North Fork, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93643 | $55,048 | $104,371 | $195,840 | $315,296 | $434,677 |
Source: Ownwell
Property Tax Bills Across North Fork, California
In North Fork, Madera County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For homeowners in North Fork, the median home price is $195,840. Property tax rates in this area are influenced by various factors, including local government budgets and voter-approved measures. Homeowners in North Fork can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,096, while at the 75th percentile, it reaches $3,321. The 90th percentile tax bill can be as high as $4,657. The highest and lowest median tax bills in the area are both $2,075, indicating a level of consistency within certain neighborhoods. Compared to the national median property tax rate of 0.99%, North Fork homeowners may find their property tax bills to be relatively moderate. These taxes are crucial as they fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents.
Average North Fork Tax Bill
$2,075
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across North Fork, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93643 | $559 | $1,096 | $2,075 | $3,321 | $4,657 |
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 |