Paicines, California Property Taxes
The median property tax rate in Paicines, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $228,972 in Paicines, the typical annual property tax bill comes to $1,321, which is below the national median of $2,690. Property taxes in Paicines are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Paicines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Paicines 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
Paicines, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,473
$2,295
Ownwell’s Paicines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paicines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paicines 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 Paicines, California
Property taxes in Paicines, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paicines is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Paicines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paicines 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 Paicines' effective property tax rate to other counties in California and the national median. For comparison, the 95043 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Paicines 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 Paicines Tax Rate
1.08%
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 Paicines, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95043 | 1.02% | 1.07% | 1.08% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Paicines, California
In Paicines, 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 Paicines, 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 Paicines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95043 has the highest and lowest median tax bill at $1,321, reflecting the diverse property values in the area.
Average Paicines Assessed Value
$228,972
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 Paicines, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95043 | $42,837 | $102,843 | $228,972 | $620,307 | $967,151 |
Source: Ownwell
Property Tax Bills Across Paicines, California
In Paicines, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners, this means that their property tax bill is directly influenced by the value of their property. The median home price in Paicines is $228,972, and the property tax rate in San Benito County impacts how much homeowners will pay annually. Several factors determine the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the 25th percentile of property tax bills in Paicines is around $533, while the 75th percentile reaches up to $3,003, with the 90th percentile soaring to $8,977. Comparatively, the median property tax bill in the area, which stands at $1,321, is higher than the national median property tax rate of 0.99%. This can significantly affect homeowners' annual expenses, making it crucial to understand how these factors interplay to determine the final tax bill.
Average Paicines Tax Bill
$1,321
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 Paicines, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95043 | $413 | $533 | $1,321 | $3,003 | $8,977 |
Source: Ownwell