Aromas, California Property Taxes
The median property tax rate in Aromas, CA is 1.07%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $487,394, the typical annual property tax bill in Aromas reaches $5,214, significantly exceeding the national median of $2,690. Property taxes in Aromas are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aromas' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Aromas or another part of Monterey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aromas, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$5,215
$4,925
Ownwell’s Aromas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aromas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aromas 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 Aromas, California
Property taxes in Aromas, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Aromas is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Aromas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aromas 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 Aromas's effective property tax rate to other counties in California and the national median. For comparison, the 95004 zip code has the highest median property tax rate of 1.07%, while the 95004 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Aromas provides valuable insights into the varying tax landscape across Monterey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aromas Tax Rate
1.07%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | 1.05% | 1.06% | 1.07% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Aromas, California
In Aromas, 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 Monterey 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 Aromas, 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 Aromas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95004 in Aromas has the highest and lowest median tax bill, both at $5,214, reflecting the uniformity in tax assessments within the area.
Average Aromas Assessed Value
$487,394
Average Monterey County Assessed Value
$410,665
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | $196,440 | $322,858 | $487,394 | $727,118 | $973,400 |
Source: Ownwell
Property Tax Bills Across Aromas, California
In Aromas, located in Monterey County, CA, property tax bills are calculated based on the assessed value of the property, which is often a percentage of the market value. Local tax authorities determine the assessed value and apply the county's property tax rate to it. For homeowners in Aromas, the median home price is approximately $487,394. The property tax rate in Monterey County is designed to fund essential services like schools, public safety, and infrastructure. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Aromas can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $3,410, while at the 75th percentile, it rises to $7,610. The highest median tax bill in the area is $5,214, found in zip code 95004. These varying amounts can impact household budgets, making property taxes a critical consideration for homeowners in the region.
Average Aromas Tax Bill
$5,214
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Aromas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95004 | $2,013 | $3,410 | $5,214 | $7,610 | $10,281 |
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 |
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