Thornton, California Property Taxes
The median property tax rate in Thornton, CA is 1.46%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Thornton, the typical annual property tax bill reaches $3,145, exceeding the national median of $2,690. Property taxes in Thornton 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 Thornton'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 Thornton 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
Thornton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,955
$2,742
Ownwell’s Thornton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thornton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thornton 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 Thornton, California
Property taxes in Thornton, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thornton is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Thornton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thornton 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 Thornton's effective property tax rate to other counties in California and the national median. For comparison, the 95686 zip code has the highest median property tax rate of 1.46%, while also having the lowest median tax rate of 1.46%. Understanding how these cities compare with Thornton 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 Thornton Tax Rate
1.46%
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 Thornton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95686 | 1.21% | 1.29% | 1.46% | 1.93% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Thornton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Thornton, California. 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 Thornton, 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 Thornton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95686 has both the highest and lowest median tax bill at $3,145.
Average Thornton Assessed Value
$202,399
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 Thornton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95686 | $27,038 | $72,992 | $202,399 | $329,104 | $510,000 |
Source: Ownwell
Property Tax Bills Across Thornton, California
In Thornton, CA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Thornton stands at $202,399. Property tax rates in the region are influenced by local government budgets and voter-approved measures. The tax rate is applied to the assessed value to calculate the annual tax bill. Homeowners in Thornton pay a median property tax rate of 0.99%, aligning with the national median. Several factors contribute to the calculation of a tax bill, including property improvements, changes in market conditions, and local tax levies. For instance, tax bills in the 25th percentile are around $1,718, while those in the 75th percentile can reach up to $4,689. At the higher end, the 90th percentile tax bills soar to $6,814. These variations can significantly impact homeowners, influencing their monthly mortgage payments and overall housing affordability. Understanding these factors helps homeowners anticipate and manage their property tax obligations more effectively.
Average Thornton Tax Bill
$3,145
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 Thornton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95686 | $1,094 | $1,718 | $3,145 | $4,689 | $6,814 |
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 |