Raymond, California Property Taxes
The median property tax rate in Raymond, CA is 1.02%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With the median home value in Raymond at $185,936, the typical annual property tax bill is approximately $1,861, which is lower than the national median of $2,690. Property taxes in Raymond are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Raymond'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 Raymond or another part of Madera County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Raymond, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,897
$1,791
Ownwell’s Raymond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raymond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raymond 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 Raymond, California
Property taxes in Raymond, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymond is 1.02%, slightly higher than the U.S. national median of 0.99%. Local government entities within Raymond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymond 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 Raymond's effective property tax rate to other areas in California and the national median. For comparison, the 93653 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Raymond 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 Raymond Tax Rate
1.02%
Average Madera County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | 0.83% | 0.97% | 1.02% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Raymond, California
In Raymond, 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 Raymond, 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 Raymond 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 in Raymond is 93653, with a value of $1,861, while the lowest median tax bill is also $1,861 in the same zip code.
Average Raymond Assessed Value
$185,936
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 Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | $37,267 | $81,839 | $185,936 | $295,336 | $427,474 |
Source: Ownwell
Property Tax Bills Across Raymond, California
In Raymond, located in Madera County, CA, property tax bills are determined based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. The tax rate in Raymond is applied to this assessed value to calculate the annual property tax bill. For homeowners in Raymond, the median home price is $185,936. Tax bills can vary significantly, with the 25th percentile paying around $835 annually, while those in the 75th percentile face tax bills of approximately $2,788. The 90th percentile sees even higher bills, reaching up to $4,131. These variations highlight the impact of property values and assessed valuations on tax obligations. Compared to the national median property tax rate of 0.99%, Raymond's tax rates reflect the local economic conditions and property values. Homeowners need to be aware of these factors as they directly influence their annual tax responsibilities. Understanding this calculation helps homeowners plan their finances more effectively.
Average Raymond Tax Bill
$1,861
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | $375 | $835 | $1,861 | $2,788 | $4,131 |
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 |