Fair Oaks, California Property Taxes
The median property tax rate in Fair Oaks, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Fair Oaks at $382,924, the typical annual property tax bill reaches $4,486, significantly exceeding the national median of $2,690. Property taxes in Fair Oaks are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fair Oaks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fair Oaks 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
Fair Oaks, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$4,595
$4,340
$1,148
Average Fair Oaks, California Tax Savings
Ownwell’s Fair Oaks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fair Oaks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fair Oaks 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 Fair Oaks. 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 Fair Oaks, California
Property taxes in Fair Oaks, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Fair Oaks is 1.20%, which is higher than the U.S. national median of 0.99%. Local government entities within Fair Oaks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fair Oaks 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 Fair Oaks's effective property tax rate to other counties in California and the national median. For comparison, the 95628 zip code has the highest median property tax rate of 1.20%, while the same zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Fair Oaks provides valuable insights into the varying tax landscape across Sacramento County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fair Oaks Tax Rate
1.20%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fair Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95628 | 1.15% | 1.19% | 1.20% | 1.22% | 1.24% |
Source: Ownwell
$1,148
Average Fair Oaks Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fair Oaks, California
In Fair Oaks, 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 Sacramento County Assessor's Office 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 Fair Oaks, 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 Fair Oaks 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 $4,486, specifically in zip code 95628.
Average Fair Oaks Assessed Value
$382,924
Average Sacramento County Assessed Value
$315,351
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fair Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95628 | $129,546 | $234,818 | $382,924 | $534,405 | $708,986 |
Source: Ownwell
$1,148
Average Fair Oaks Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fair Oaks, California
In Fair Oaks, Sacramento 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 Sacramento County can vary but is generally around 1.1%, slightly above the national median of 0.99%. Factors such as the median home price, which is $382,924, and specific exemptions or deductions also play a role. Homeowners in Fair Oaks can expect tax bills ranging from $2,729 at the 25th percentile to $8,445 at the 90th percentile. High property taxes can be a significant burden for homeowners, but Ownwell can help reduce this financial strain. By leveraging our expertise in property tax appeals and exemptions, Ownwell ensures that your property's assessed value is fair and accurate. This can lead to substantial savings, potentially lowering your tax bill and helping you keep more money in your pocket.
Average Fair Oaks Tax Bill
$4,486
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Fair Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95628 | $1,493 | $2,729 | $4,486 | $6,300 | $8,445 |
Source: Ownwell
$1,148
Average Fair Oaks 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 | |
|---|---|
| Sacramento Tax Assessor | |
| Website | assessorparcelviewer.saccounty.gov |
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