Yorba Linda, California Property Taxes
The median property tax rate in Yorba Linda, CA is 1.18%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $690,620 in Yorba Linda, the typical annual property tax bill amounts to $8,109, significantly surpassing the national median of $2,690. Property taxes in Yorba Linda are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Yorba Linda'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 Yorba Linda or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yorba Linda, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$8,149
$7,562
$1,148
Average Tax Savings
Ownwell’s Yorba Linda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorba Linda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorba Linda 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 Yorba Linda. 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 Yorba Linda, California
Property taxes in Yorba Linda, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorba Linda is 1.18%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Yorba Linda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorba Linda 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 Yorba Linda's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92887 zip code has the highest median property tax rate of 1.20%, while the 92886 zip code has the lowest median tax rate of 1.17%. Understanding how these areas compare with Yorba Linda 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 Yorba Linda 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 Yorba Linda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92886 | 1.11% | 1.13% | 1.17% | 1.23% | 1.35% |
| 92887 | 1.14% | 1.16% | 1.20% | 1.25% | 1.31% |
Source: Ownwell
$1,148
Average Yorba Linda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Yorba Linda, California
In Yorba Linda, 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 Yorba Linda, 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 Yorba Linda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $8,776 in the 92887 zip code, while the lowest is $7,872 in the 92886 zip code.
Property Tax Assessment Values Across Yorba Linda, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Yorba Linda Assessed Value
$690,620
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 Yorba Linda, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92886 | $184,144 | $384,479 | $674,502 | $973,314 | $1,483,273 |
| 92887 | $349,799 | $490,671 | $729,852 | $1,011,556 | $1,387,420 |
Source: Ownwell
$1,148
Average Yorba Linda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Yorba Linda, California
In Yorba Linda, CA, property tax bills are determined based on the assessed value of your home, which is typically a percentage of the market value. The median home price in Yorba Linda is $690,620. Property taxes are calculated by multiplying the assessed value by the local tax rate, which can vary. For instance, in Orange County, tax bills range significantly, with the 25th percentile at $5,179 and the 75th percentile at $11,442. The highest median tax bill in Yorba Linda is $8,776 in the 92887 zip code, while the lowest is $7,872 in the 92886 zip code. These tax bills impact homeowners by influencing monthly mortgage payments and overall housing affordability. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal services. Our team analyzes your property’s assessed value and compares it to market trends, ensuring you’re not overpaying. By identifying discrepancies and filing appeals, we can help reduce your tax burden, making homeownership more affordable.
Average Yorba Linda Tax Bill
$8,109
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorba Linda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92886 | $2,470 | $4,730 | $7,872 | $11,134 | $16,649 |
| 92887 | $4,515 | $6,086 | $8,776 | $11,962 | $16,063 |
Source: Ownwell
$1,148
Average Yorba Linda 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 | November 30 |
| 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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