Hollister, California Property Taxes
The median property tax rate in Hollister, 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 Hollister at $517,596, the typical annual property tax bill reaches $6,065, exceeding the national median of $2,690. Property taxes in Hollister 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 Hollister'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 Hollister 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
Hollister, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Hollister Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hollister with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollister to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Hollister, California
Property taxes in Hollister, California, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Hollister is 1.22%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Hollister set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollister 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 Hollister's effective property tax rate to other counties in California and the national median. For comparison, the 95023 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 figures compare with Hollister provides valuable insights into the varying tax landscape across San Benito County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hollister Tax Rate
1.22%
Average San Benito County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollister, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95023 | 1.10% | 1.19% | 1.22% | 1.28% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Hollister, California
In Hollister, 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 San Benito 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 Hollister, 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 Hollister helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $517,596, with the 25th percentile tax bill at $3,506 and the 90th percentile reaching $10,049. The highest and lowest median tax bills in zip code 95023 are both $6,065.
Average Hollister Assessed Value
$517,596
Average San Benito County Assessed Value
$518,267
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hollister, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95023 | $192,743 | $315,369 | $517,596 | $672,224 | $828,694 |
Source: Ownwell
Property Tax Bills Across Hollister, California
In Hollister, located in San Benito County, CA, property tax bills are calculated based on the assessed value of your home, which is often aligned with the market value. The median home price in Hollister is $517,596. Property tax rates in this area are influenced by various factors, including local government budgets and public service funding needs. The median property tax rate in the United States is 0.99%, but the actual tax rate in Hollister may vary. Homeowners in Hollister can expect to pay a tax bill within a range depending on their property's assessed value. For instance, the 25th percentile tax bill is $3,506, while the 75th percentile reaches up to $8,391. At the higher end, the 90th percentile tax bill can be as much as $10,049. The highest median tax bill in Hollister is recorded at $6,065 in the 95023 zip code. These property taxes directly affect homeowners by contributing to municipal services such as schools, infrastructure, and emergency services, thereby impacting the overall quality of life.
Average Hollister Tax Bill
$6,065
Average San Benito County Tax Bill
$6,032
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollister, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95023 | $1,809 | $3,506 | $6,065 | $8,391 | $10,049 |
Source: Ownwell