Borrego Springs, California Property Taxes
The median property tax rate in Borrego Springs, CA is 1.10%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $189,209, the typical annual property tax bill in Borrego Springs is $2,109, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Borrego Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Borrego Springs 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
Borrego Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,081
$1,966
$1,148
Average Borrego Springs, California Tax Savings
Ownwell’s Borrego Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Borrego Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Borrego Springs 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 Borrego Springs. 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 Borrego Springs, California
Property taxes in Borrego Springs, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Borrego Springs is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Borrego Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Borrego Springs 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 Borrego Springs' effective property tax rate to other counties in California and the national median. For comparison, the 92004 zip code has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Borrego Springs provides valuable insights into the varying tax landscape across San Diego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Borrego Springs Tax Rate
1.10%
Average San Diego County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Borrego Springs, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92004 | 1.07% | 1.08% | 1.10% | 1.13% | 1.18% |
Source: Ownwell
$1,148
Average Borrego Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Borrego Springs, California
In Borrego Springs, 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 Diego 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 Borrego Springs, 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. With a median home price of $189,209, the tax bills vary significantly, with the 25th percentile at $1,236 and the 75th percentile at $3,284. The highest and lowest median tax bills are both $2,109 in the 92004 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Borrego Springs, California
Source: Ownwell
$17,080
$1,327,607
$2,638,134
Average Borrego Springs Assessed Value
$189,209
Average San Diego County Assessed Value
$454,653
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Borrego Springs, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92004 | $50,771 | $111,600 | $189,209 | $295,850 | $454,526 |
Source: Ownwell
$1,148
Average Borrego Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Borrego Springs, California
In Borrego Springs, located in San Diego County, CA, property tax bills are calculated based on the assessed value of your home. The assessed value is typically determined by the market value of the property, which is then multiplied by the local tax rate. Homeowners in Borrego Springs face a median home price of $189,209, with property tax bills ranging from $1,236 at the 25th percentile to $5,031 at the 90th percentile. The highest and lowest median tax bills both stand at $2,109 in the 92004 zip code, reflecting the uniformity in tax assessments within the area. Factors such as property improvements, location, and market conditions can influence your assessed value and, consequently, your tax bill. High property taxes can significantly impact homeowners, making it essential to explore potential savings. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By reviewing your property’s assessed value and identifying discrepancies, Ownwell can help you lower your tax bill, ensuring you only pay your fair share.
Average Borrego Springs Tax Bill
$2,109
Average San Diego County Tax Bill
$5,506
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Borrego Springs, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92004 | $553 | $1,236 | $2,109 | $3,284 | $5,031 |
Source: Ownwell
$1,148
Average Borrego Springs 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 Diego Tax Assessor | |
Phone | (858) 505-6262 |
Website | assr.parcelquest.com |
arcc.fgg@sdcounty.ca.gov |
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