O Neals, California Property Taxes
The median property tax rate in O Neals, 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 O Neals, the typical annual property tax bill reaches $1,825, which is below the national median of $2,690. Property taxes in O Neals are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding O Neals' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of O Neals 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
O Neals, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,874
$1,739
Ownwell’s O Neals Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in O Neals with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in O Neals 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 O Neals, California
Property taxes in O Neals, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in O Neals is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within O Neals set these rates annually, and they can vary significantly across different neighborhoods. Each year, O Neals 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 O Neals' effective property tax rate to other areas in California and the national median. For comparison, the zip code 93645 has both the highest and lowest median property tax rate of 1.07%, indicating uniformity within this region. Understanding how these areas compare with O Neals 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 O Neals 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 O Neals, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93645 | 0.94% | 1.01% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across O Neals, California
In O Neals, 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 O Neals, 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 O Neals helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in O Neals is $175,171, with the median tax bill ranging from $957 at the 25th percentile to $3,507 at the 90th percentile. The zip code 93645 has the highest and lowest median tax bill of $1,825.
Average O Neals Assessed Value
$175,171
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 O Neals, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93645 | $57,987 | $98,838 | $175,171 | $278,770 | $326,871 |
Source: Ownwell
Property Tax Bills Across O Neals, California
In O Neals, CA, located in Madera County, property tax bills are calculated based on the assessed value of the property. The county assessor determines this value, which is typically a percentage of the property's market value. Homeowners in O Neals experience a range of property tax bills, with the 25th percentile at $957 and the 75th percentile reaching up to $2,876. The highest median tax bill in the area is $1,825, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's location, size, and any improvements made. These taxes are essential for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as they directly impact their annual financial obligations. High property taxes can affect the affordability of homeownership, making it important for residents to stay informed about their property assessments and any potential appeals or exemptions available to them.
Average O Neals Tax Bill
$1,825
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across O Neals, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93645 | $546 | $957 | $1,825 | $2,876 | $3,507 |
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 |