Fairfield, California Property Taxes
The median property tax rate in Fairfield, CA is 1.15%, which is higher than the national median of 0.99% but slightly below the California state median of 1.21%. With the median home value in Fairfield at $369,746, the typical annual property tax bill reaches $4,422, surpassing the national median of $2,690. Property taxes in Fairfield are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fairfield'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 Fairfield 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
Fairfield, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$4,252
$3,946
Ownwell’s Fairfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairfield 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 Fairfield, California
Property taxes in Fairfield, CA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairfield is 1.15%, higher than the U.S. national median of 0.99%. Local government entities within Fairfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairfield 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 Fairfield's effective property tax rate to other areas in Solano County and the national median. For comparison, the 94534 zip code has the highest median property tax rate of 1.20%, while the 94533 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Fairfield provides valuable insights into the varying tax landscape across Solano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairfield Tax Rate
1.15%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairfield, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94533 | 1.08% | 1.11% | 1.14% | 1.18% | 1.48% |
| 94534 | 1.11% | 1.14% | 1.20% | 1.26% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Fairfield, California
In Fairfield, CA, 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 Solano 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. Assessment notices in Fairfield 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 highest median tax bill in Fairfield is $5802 in the 94534 zip code, while the lowest is $3507 in the 94533 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fairfield, California
Source: Ownwell
$99,785
$2,308,375
$4,516,964
Average Fairfield Assessed Value
$369,746
Average Solano County Assessed Value
$342,310
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairfield, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94533 | $90,144 | $169,840 | $302,300 | $446,749 | $571,200 |
| 94534 | $234,000 | $325,868 | $476,708 | $622,526 | $804,025 |
Source: Ownwell
Property Tax Bills Across Fairfield, California
In Fairfield, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Solano County Assessor's Office. The assessed value typically starts with the market value of the property at the time of purchase and may be adjusted annually based on changes in the market and any improvements made to the property. The property tax rate in Fairfield is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within different zip codes. For instance, the highest median tax bill in Fairfield is $5,802 in zip code 94534, while the lowest is $3,507 in zip code 94533. Homeowners in Fairfield can expect tax bills ranging from $2,530 at the 25th percentile to $8,870 at the 90th percentile. This variation can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Higher property taxes can affect monthly mortgage payments and overall affordability for residents.
Average Fairfield Tax Bill
$4,422
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairfield, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94533 | $1,015 | $1,960 | $3,507 | $5,376 | $7,625 |
| 94534 | $2,680 | $3,998 | $5,802 | $7,786 | $10,039 |
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 |
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