Brea, California Property Taxes
The median property tax rate in Brea, CA is 1.18%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With the median home value in Brea at $549,002, the typical annual property tax bill reaches $6,490, significantly exceeding the national median of $2,690. Property taxes in Brea 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 Brea'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 Brea 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
Brea, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$6,478
$6,119
$1,148
Average Brea, California Tax Savings
Ownwell’s Brea Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brea to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Brea. 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 Brea, California
Property taxes in Brea, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Brea is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Brea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brea 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 Brea's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92823 zip code has the highest median property tax rate of 1.21%, while the 92821 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Brea provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brea Tax Rate
1.18%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92821 | 1.12% | 1.14% | 1.17% | 1.22% | 1.33% |
| 92823 | 1.08% | 1.17% | 1.21% | 1.28% | 1.34% |
Source: Ownwell
$1,148
Average Brea Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brea, California
In Brea, California, understanding the difference between "market value" and "assessed value" is essential 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 Orange 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 Brea, 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. The median home price in Brea stands at $549,002, with tax bills ranging significantly across different percentiles. For instance, the 25th percentile tax bill is $3,739, while the 75th percentile tax bill reaches $9,170. The highest median tax bill is $8,985 in the 92823 zip code, and the lowest median tax bill is $6,015 in the 92821 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brea Assessed Value
$549,002
Average Orange County Assessed Value
$514,928
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92821 | $81,027 | $286,043 | $508,329 | $754,713 | $933,192 |
| 92823 | $163,710 | $525,232 | $736,436 | $946,898 | $1,121,511 |
Source: Ownwell
$1,148
Average Brea Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brea, California
In Brea, Orange County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The tax rate is applied to this assessed value, and homeowners in Brea can expect a median home price of $549,002. Property tax bills vary significantly, with the 25th percentile at $3,739 and the 75th percentile reaching $9,170. The highest median tax bill in Brea's 92823 zip code is $8,985, while the lowest in the 92821 zip code is $6,015. These variances depend on factors like property size, location, and market conditions. High property taxes can strain homeowners, especially when they exceed the national median property tax rate of 0.99%. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. Our team works diligently to identify discrepancies and file appeals, helping you save significantly on your property taxes.
Average Brea Tax Bill
$6,490
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92821 | $1,223 | $3,513 | $6,015 | $8,772 | $10,804 |
| 92823 | $2,416 | $6,626 | $8,985 | $11,425 | $13,658 |
Source: Ownwell
$1,148
Average Brea Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Orange Tax Assessor | |
| Phone | (714) 834-2331 |
| Website | assr.parcelquest.com |
| taxpayeradvocate@asr.ocgov.com | |
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