Buena Park, California Property Taxes
The median property tax rate in Buena Park, CA is 1.17%, 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 $426,070, the typical annual property tax bill in Buena Park reaches $5,014, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Buena Park'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 Buena Park 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
Buena Park, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,985
$4,708
$1,148
Average Buena Park, California Tax Savings
Ownwell’s Buena Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buena Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buena Park 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 Buena Park. 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 Buena Park, California
Property taxes in Buena Park, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buena Park is 1.17%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Buena Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buena Park 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 Buena Park's effective property tax rate to other areas in Orange County and the national median. For comparison, the 90620 zip code has the highest median property tax rate of 1.18%, while the 90621 zip code has the lowest median tax rate of 1.15%. Understanding how these areas compare with Buena Park 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 Buena Park Tax Rate
1.17%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buena Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90620 | 1.14% | 1.16% | 1.18% | 1.24% | 1.50% |
| 90621 | 1.12% | 1.13% | 1.15% | 1.20% | 1.29% |
Source: Ownwell
$1,148
Average Buena Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Buena Park, California
In Buena Park, 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 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 Buena Park, 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 Buena Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $5,604 in zip code 90621, while the lowest is $4,673 in zip code 90620.
Property Tax Assessment Values Across Buena Park, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Buena Park Assessed Value
$426,070
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 Buena Park, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90620 | $76,978 | $235,587 | $392,361 | $596,265 | $733,377 |
| 90621 | $167,475 | $298,001 | $486,084 | $657,564 | $846,026 |
Source: Ownwell
$1,148
Average Buena Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Buena Park, California
In Buena Park, Orange County, CA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in Buena Park see a range of tax bills, with the 25th percentile at $3,118 and the 75th percentile at $7,124. The highest median tax bill in the area is $5,604 in zip code 90621, while the lowest is $4,673 in zip code 90620. These values are higher than the national median property tax rate of 0.99%, reflecting the region's higher property values. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners' finances, making it crucial to manage these costs effectively. Ownwell helps homeowners by offering property tax appeal and exemption services. By reviewing property assessments and identifying potential inaccuracies or overlooked exemptions, Ownwell can help reduce tax liabilities, ensuring homeowners pay only what is fair and potentially saving them thousands of dollars annually.
Average Buena Park Tax Bill
$5,014
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Buena Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90620 | $1,165 | $2,923 | $4,673 | $6,911 | $8,452 |
| 90621 | $2,134 | $3,578 | $5,604 | $7,521 | $9,604 |
Source: Ownwell
$1,148
Average Buena Park 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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