Oakhurst, California Property Taxes
The median property tax rate in Oakhurst, CA is 1.04%, 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 Oakhurst at $260,100, the typical annual property tax bill amounts to $2,618, which is just below the national median of $2,690. Property taxes in Oakhurst are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Oakhurst'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 Oakhurst 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
Oakhurst, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,705
$2,555
Ownwell’s Oakhurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakhurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakhurst 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 Oakhurst, California
Property taxes in Oakhurst, California, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakhurst is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities in Oakhurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakhurst 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 Oakhurst's effective property tax rate to other counties in California and the national median. For comparison, the 93644 zip code has the highest median property tax rate of 1.04%, while the same 93644 zip code also has the lowest median tax rate of 1.04%. Understanding how these figures compare with Oakhurst 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 Oakhurst Tax Rate
1.04%
Average Madera County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakhurst, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93644 | 0.95% | 1.01% | 1.04% | 1.05% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Oakhurst, California
In Oakhurst, 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 Oakhurst, 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 Oakhurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Oakhurst both stand at $2,618, with the zip code 93644.
Average Oakhurst Assessed Value
$260,100
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 Oakhurst, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93644 | $101,301 | $167,982 | $260,100 | $369,907 | $482,951 |
Source: Ownwell
Property Tax Bills Across Oakhurst, California
In Oakhurst, located in Madera County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value typically starts with the market value of the property and may be adjusted for factors such as improvements or depreciation. Homeowners in Oakhurst experience a range of property tax bills, with the 25th percentile at $1,667 and the 75th percentile at $3,709, indicating significant variation based on property values and other factors. The highest median tax bill in Oakhurst is $2,618, which aligns with the national median property tax rate of 0.99%. This means that homeowners in Oakhurst can expect their property tax bills to be somewhat reflective of broader national trends, though individual circumstances can vary widely. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense and can impact overall affordability and financial planning.
Average Oakhurst Tax Bill
$2,618
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakhurst, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93644 | $1,013 | $1,667 | $2,618 | $3,709 | $4,875 |
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 |