Modjeska, California Property Taxes
The median property tax rate in Modjeska, CA is 1.06%, slightly above the national median of 0.99% but below the California state median of 1.21%. With the median home value in Modjeska at $445,529, the typical annual property tax bill reaches $4,694, which significantly surpasses the national median of $2,690. Property taxes in Modjeska are based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Modjeska's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Modjeska or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Modjeska, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$4,723
$4,460
$1,148
Average Modjeska, California Tax Savings
Ownwell’s Modjeska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Modjeska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Modjeska 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 Modjeska. 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 Modjeska, California
Property taxes in Modjeska, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Modjeska is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Modjeska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Modjeska 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 Modjeska's effective property tax rate to other counties in California and the national median. For comparison, the 92676 zip code has the highest median property tax rate of 1.06%, while the 92676 zip code has the lowest median tax rate of 1.06%. Understanding how these cities compare with Modjeska 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 Modjeska Tax Rate
1.06%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Modjeska, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | 1.04% | 1.05% | 1.06% | 1.07% | 1.08% |
Source: Ownwell
$1,148
Average Modjeska Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Modjeska, California
In Modjeska, 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 Modjeska, 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 Modjeska helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Modjeska is $4694, with the zip code 92676.
Property Tax Assessment Values Across Modjeska, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Modjeska Assessed Value
$445,529
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 Modjeska, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | $140,285 | $257,884 | $445,529 | $707,545 | $825,173 |
Source: Ownwell
$1,148
Average Modjeska Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Modjeska, California
In Modjeska, located in Orange County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Modjeska is $445,529. Property tax rates in this area are relatively high compared to the national median property tax rate of 0.99%. Homeowners in Modjeska can expect their tax bills to range significantly, with the 25th percentile tax bill at $2,786 and the 75th percentile reaching up to $7,165. The highest median tax bill in the area is $4,694, found in the 92676 zip code. Factors such as property improvements, market conditions, and changes in local tax rates can influence the assessed value and, consequently, the tax bill. This can place a financial burden on homeowners. Ownwell offers expert property tax appeal and exemption services, helping homeowners save on their tax bills by ensuring their property is accurately assessed and by identifying potential exemptions. By leveraging Ownwell’s expertise, homeowners can potentially reduce their financial obligations and achieve greater savings.
Average Modjeska Tax Bill
$4,694
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Modjeska, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | $1,459 | $2,786 | $4,694 | $7,165 | $8,688 |
Source: Ownwell
$1,148
Average Modjeska 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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