Tres Pinos, California Property Taxes
The median property tax rate in Tres Pinos, CA is 1.12%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Tres Pinos being $542,422, the typical annual property tax bill reaches $6,967, exceeding the national median of $2,690. Property taxes in Tres Pinos 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 Tres Pinos' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tres Pinos 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
Tres Pinos, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$6,075
$5,638
Ownwell’s Tres Pinos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tres Pinos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tres Pinos 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 Tres Pinos, California
Property taxes in Tres Pinos, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Tres Pinos is 1.12%, notably higher than the U.S. national median of 0.99%. Local government entities within Tres Pinos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tres Pinos 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. For comparison, the 95075 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these figures compare with Tres Pinos 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 Tres Pinos Tax Rate
1.12%
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 Tres Pinos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95075 | 1.04% | 1.07% | 1.12% | 1.61% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Tres Pinos, California
In Tres Pinos, 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 Tres Pinos, 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 Tres Pinos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Tres Pinos is $6,967, found in zip code 95075, which is also the lowest median tax bill.
Average Tres Pinos Assessed Value
$542,422
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 Tres Pinos, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95075 | $84,122 | $261,980 | $542,422 | $804,149 | $1,067,356 |
Source: Ownwell
Property Tax Bills Across Tres Pinos, California
Property tax bills in Tres Pinos, located in San Benito County, CA, are determined by assessing the market value of a property and applying the local tax rate. The median home price in Tres Pinos is $542,422. Property taxes are calculated based on this assessed value, which is then multiplied by the local tax rate. For homeowners in Tres Pinos, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $2,371, while at the 75th percentile, it jumps to $12,628. The 90th percentile tax bill is even higher at $15,886. The highest median tax bill recorded in the area is $6,967, which is notably higher than the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, affecting their annual financial planning and overall cost of homeownership. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Tres Pinos Tax Bill
$6,967
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 Tres Pinos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95075 | $655 | $2,371 | $6,967 | $12,628 | $15,886 |
Source: Ownwell