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
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Placentia, California 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.
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
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92870 | 1.15% | 1.17% | 1.22% | 1.31% | 1.60% |
Source: Ownwell
$1,148
Average Placentia Tax Savings
Save on your property taxes & more with 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
$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
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92870 | $106,833 | $277,485 | $466,124 | $710,432 | $862,946 |
Source: Ownwell
$1,148
Average Placentia Tax Savings
Save on your property taxes & more with 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.
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
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92870 | $1,907 | $3,678 | $5,720 | $8,419 | $10,101 |
Source: Ownwell
$1,148
Average Placentia 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.