Ballico, California Property Taxes
The median property tax rate in Ballico, 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 Ballico at $203,408, the typical annual property tax bill is $1,806, which is below the national median of $2,690. Property taxes in Ballico are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ballico'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 Ballico or another part of Merced County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ballico, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,115
$1,998
Ownwell’s Ballico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ballico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ballico 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 Ballico, California
Property taxes in Ballico, California, are crucial for financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ballico is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Ballico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ballico 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 Ballico's effective property tax rate to other areas in Merced County and the national median. For comparison, the 95303 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these regions compare with Ballico provides valuable insights into the varying tax landscape across Merced County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ballico Tax Rate
1.04%
Average Merced County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ballico, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95303 | 0.91% | 1.00% | 1.04% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Ballico, California
In Ballico, 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 Merced 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 Ballico, 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 Ballico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1806 in the 95303 zip code, which is also the lowest median tax bill, reflecting a consistent property tax environment.
Average Ballico Assessed Value
$203,408
Average Merced County Assessed Value
$213,039
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ballico, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95303 | $62,819 | $129,432 | $203,408 | $376,150 | $565,665 |
Source: Ownwell
Property Tax Bills Across Ballico, California
In Ballico, Merced County, CA, property tax bills are calculated based on the assessed value of the home, which is often influenced by the market value. The tax rate applied to this assessed value is pivotal in determining the final tax bill. With a median home price of $203,408, homeowners in Ballico experience a range of property tax bills. The tax bill for the 25th percentile is $1,136, while at the 75th percentile, it climbs to $3,689, and at the 90th percentile, it reaches $5,823. The highest and lowest median tax bills both stand at $1,806, indicating some consistency in property tax assessments within the area. Factors like property improvements, neighborhood developments, and local government budgets can influence the assessed value. Compared to the national median property tax rate of 0.99%, Ballico's rates reflect its specific economic and real estate conditions. For homeowners, understanding these factors is crucial, as property taxes significantly impact overall housing costs and long-term financial planning.
Average Ballico Tax Bill
$1,806
Average Merced County Tax Bill
$2,293
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ballico, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95303 | $509 | $1,136 | $1,806 | $3,689 | $5,823 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Merced Tax Assessor | |
| Website | common3.mptsweb.com |