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Placentia, California Property Taxes

The median property tax rate in Placentia, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Placentia at $466,124, the typical annual property tax bill reaches $5,720, exceeding the national median of $2,690. Property taxes in Placentia 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 Placentia'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 Placentia 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

Placentia, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.22%

Estimate Property Tax Bill

$5,687

$5,277

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Placentia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placentia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placentia 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 Placentia. 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 Placentia, California

Property taxes in Placentia, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Placentia is 1.22%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Placentia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placentia 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 Placentia's effective property tax rate to other counties in California and the national median. For comparison, the 92870 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Placentia 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.

Property Tax Rates Across Placentia, California

Source: Ownwell

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1.01%

1.33%

1.65%

Average Placentia Tax Rate

1.22%

Average Orange County Tax Rate

1.14%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Placentia, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
928701.15%1.17%1.22%1.31%1.60%

Source: Ownwell

Property Tax Assessment Values Across Placentia, California

In Placentia, 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 Placentia, 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 Placentia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5720, found in the 92870 zip code.

Property Tax Assessment Values Across Placentia, California

Source: Ownwell

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$10,700

$1,158,683

$2,306,666

Average Placentia Assessed Value

$466,124

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 Placentia, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
92870$106,833$277,485$466,124$710,432$862,946

Source: Ownwell

Property Tax Bills Across Placentia, California

In Placentia, Orange County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, which in Placentia is relatively high compared to the national median property tax rate of 0.99%. The median home price in Placentia is $466,124, resulting in substantial property tax bills. For example, the 25th percentile tax bill is $3,678, while the 75th percentile reaches $8,419, and the 90th percentile can go up to $10,101. Several factors influence your property tax bill, including changes in home value, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners by increasing monthly expenses and affecting overall affordability. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions. By leveraging expert knowledge and local insights, Ownwell can identify discrepancies in assessed values and work to reduce your property tax bill, ensuring you only pay your fair share.

Property Tax Bills Across Placentia, California

Source: Ownwell

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$118

$12,784

$25,450

Average Placentia Tax Bill

$5,720

Average Orange County Tax Bill

$5,879

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Placentia, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
92870$1,907$3,678$5,720$8,419$10,101

Source: Ownwell

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