Farmington, California Property Taxes
The median property tax rate in Farmington, CA is 1.03%, which is 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 Farmington at $169,456, the typical annual property tax bill reaches $2,005, which is below the national median of $2,690. Property taxes in Farmington are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Farmington'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 Farmington 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
Farmington, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,745
$1,620
Ownwell’s Farmington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Farmington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Farmington 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 Farmington, California
Property taxes in Farmington, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Farmington is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Farmington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Farmington 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 Farmington's effective property tax rate to other counties in California and the national median. For comparison, the 95230 zip code has the highest median property tax rate of 1.03%, while the 95230 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Farmington provides valuable insights into the varying tax landscape across San Joaquin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Farmington Tax Rate
1.03%
Average San Joaquin County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | 1.00% | 1.01% | 1.03% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Farmington, California
In Farmington, 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 Joaquin 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 Farmington, 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. For instance, the median home price in Farmington is $169,456, with tax bills ranging from $1,036 at the 25th percentile to $5,478 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Farmington Assessed Value
$169,456
Average San Joaquin County Assessed Value
$273,669
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | $52,228 | $77,479 | $169,456 | $356,400 | $477,438 |
Source: Ownwell
Property Tax Bills Across Farmington, California
In Farmington, located in San Joaquin County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Various factors such as location, property size, and improvements can influence this value. Homeowners in Farmington experience property tax bills that vary significantly; the 25th percentile tax bill is around $1,036, while the 75th percentile reaches $4,184, and the 90th percentile can be as high as $5,478. Compared to the national median property tax rate of 0.99%, Farmington's property taxes can be a substantial financial consideration for homeowners. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how property taxes are calculated and their implications can help homeowners manage their finances and make informed decisions about their real estate investments.
Average Farmington Tax Bill
$2,005
Average San Joaquin County Tax Bill
$3,562
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Farmington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95230 | $684 | $1,036 | $2,005 | $4,184 | $5,478 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Joaquin Tax Assessor | |
| Website | common3.mptsweb.com |