Bradley, California Property Taxes
The median property tax rate in Bradley, CA is 1.09%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $291,050 in Bradley, the typical annual property tax bill reaches $3,036, exceeding the national median of $2,690. Property taxes in Bradley 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 Bradley'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 Bradley 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
Bradley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,172
$2,996
Ownwell’s Bradley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bradley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradley 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 Bradley, California
Property taxes in Bradley, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Bradley is 1.09%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bradley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradley 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 Bradley's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93426 has both the highest and lowest median property tax rate of 1.09%. Understanding how these cities compare with Bradley 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 Bradley Tax Rate
1.09%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93426 | 1.02% | 1.07% | 1.09% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Bradley, California
In Bradley, 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 Bradley, 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. For instance, the highest median tax bill in the area is $3,036 in the 93426 zip code. 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 Bradley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bradley Assessed Value
$291,050
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 Bradley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93426 | $80,270 | $163,968 | $291,050 | $452,253 | $669,951 |
Source: Ownwell
Property Tax Bills Across Bradley, California
In Bradley, located in Monterey County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Bradley face a median property tax rate of 0.99%, aligning with the national average. For a median home price of $291,050, homeowners can expect a tax bill that ranges significantly. At the 25th percentile, the tax bill is around $1,709, while at the 75th percentile, it can reach up to $4,929. The tax burden can be even higher, with the 90th percentile tax bill hitting $7,164. The highest median tax bill recorded in the region is $3,036, found in the zip code 93426. These tax bills are influenced by various factors, including property improvements, neighborhood developments, and changes in the local real estate market. For homeowners, understanding these factors is crucial, as they directly affect their annual financial obligations.
Average Bradley Tax Bill
$3,036
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93426 | $626 | $1,709 | $3,036 | $4,929 | $7,164 |
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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