Travis Afb, California Property Taxes
The median property tax rate in Travis AFB, CA is 1.71%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Travis AFB at $277,571, the typical annual property tax bill reaches $5,605, exceeding the national median of $2,690. Property taxes in Travis AFB 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 Travis AFB'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 Travis AFB 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
Travis Afb, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$4,746
$4,405
Ownwell’s TRAVIS AFB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TRAVIS AFB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TRAVIS AFB 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 Travis Afb, California
Property taxes in Travis AFB, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Travis AFB is 1.71%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Travis AFB set these rates annually, and they can vary significantly across different neighborhoods. Each year, Travis AFB 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 Travis AFB's effective property tax rate to other counties in California and the national median. For comparison, the 94535 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Travis AFB 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 Travis Afb Tax Rate
1.71%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Travis Afb, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94535 | 1.20% | 1.31% | 1.71% | 2.25% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Travis Afb, California
In Travis AFB, 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 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. In Travis AFB, 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 Travis AFB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 94535 has both the highest and lowest median tax bills at $5,605, reflecting the uniformity in property tax assessments within this area.
Property Tax Assessment Values Across Travis Afb, California
Source: Ownwell
$99,785
$2,308,375
$4,516,964
Average Travis Afb Assessed Value
$277,571
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 Travis Afb, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94535 | $114,076 | $215,254 | $277,571 | $508,577 | $541,077 |
Source: Ownwell
Property Tax Bills Across Travis Afb, California
In Travis AFB, Solano County, CA, property tax bills are calculated based on the assessed value of the home, which is typically determined by the county assessor. The assessed value is often a percentage of the market value of the property. Factors such as property improvements, location, and recent sales of comparable properties can influence this assessment. Homeowners in Travis AFB experience a range of property tax bills, with the 25th percentile at $3,748 and the 75th percentile at $6,746, reflecting the variability in property values and assessments within the area. The highest median tax bill in the region stands at $5,605, which is significantly above the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual financial obligations, potentially affecting their overall cost of living. Understanding how these factors interplay helps homeowners anticipate their tax responsibilities and plan their budgets accordingly.
Average Travis Afb Tax Bill
$5,605
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Travis Afb, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94535 | $2,176 | $3,748 | $5,605 | $6,746 | $7,343 |
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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