Brea, California Property Taxes
The median property tax rate in Brea, CA is 1.11%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Brea at $660,798, the typical annual property tax bill reaches $7,357, significantly exceeding the national median of $2,690. Property taxes in Brea are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Brea'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 Brea 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
Brea, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Brea, California Tax Savings
Ownwell’s Brea Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brea 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 Brea. 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 Brea, California
Property taxes in Brea, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brea is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Brea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brea 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 Brea's effective property tax rate to other areas in California and the national median. For comparison, the zip code 92823 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Brea provides valuable insights into the varying tax landscape across San Bernardino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brea Tax Rate
1.11%
Average San Bernardino County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92823 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
$1,148
Average Brea Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brea, California
In Brea, 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 Bernardino County Appraisal District 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 Brea, 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 Brea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 92823, with a median tax bill of $7,357.
Average Brea Assessed Value
$660,798
Average San Bernardino County Assessed Value
$273,138
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92823 | $660,798 | $660,798 | $660,798 | $660,798 | $660,798 |
Source: Ownwell
$1,148
Average Brea Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brea, California
In Brea, San Bernardino County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in Brea is $660,798. The tax rate is applied to this assessed value to determine the property tax bill. For Brea, the median property tax bill stands at $7,357, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including recent home sales, property characteristics, and any improvements made. High property taxes can be a financial burden for homeowners, impacting overall affordability and long-term financial planning. Ownwell can help homeowners in Brea save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf. By ensuring your property is accurately assessed, we help you potentially lower your tax bill, providing significant savings and peace of mind.
Average Brea Tax Bill
$7,357
Average San Bernardino County Tax Bill
$3,260
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Brea, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92823 | $7,357 | $7,357 | $7,357 | $7,357 | $7,357 |
Source: Ownwell
$1,148
Average Brea 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 | |
|---|---|
| San Bernardino Tax Assessor | |
| Website | pat.bhamaps.com |
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