Delft Colony, California Property Taxes
The median property tax rate in Delft Colony, CA is 0.35%, significantly lower than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $357,000 in Delft Colony, the typical annual property tax bill amounts to $1,255, which is well below the national median of $2,690. Property taxes in Delft Colony are based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Delft Colony's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether you reside in the heart of Delft Colony or another area within the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Delft Colony, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Delft Colony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delft Colony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delft Colony 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 Delft Colony, California
Property taxes in Delft Colony, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delft Colony is 0.35%, which is significantly lower than the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Delft Colony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delft Colony 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 Delft Colony's effective property tax rate to other counties in California and the national median. For comparison, 95014 has the highest median property tax rate of 0.74%, while 93555 has the lowest median tax rate of 0.23%. Understanding how these cities compare with Delft Colony provides valuable insights into the varying tax landscape across Tulare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delft Colony Tax Rate
0.35%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delft Colony, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Delft Colony, California
In Delft Colony, 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 Tulare County 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 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 Delft Colony helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Delft Colony is $357,000, with tax bills ranging from $1,255 at the 25th, 75th, and 90th percentiles.
Average Delft Colony Assessed Value
$357,000
Average Tulare County Assessed Value
$173,848
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delft Colony, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Delft Colony, California
In Delft Colony, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, with a median home price of $357,000, the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, improvements, and local tax rates. In Delft Colony, homeowners can expect to pay around $1,255 annually, which falls within the 25th, 75th, and 90th percentiles for the area. This figure is relatively lower compared to the national median property tax rate of 0.99%, making Delft Colony an attractive option for homeowners seeking lower property taxes. For homeowners, understanding how these taxes are calculated is crucial, as it affects their overall housing costs and financial planning. Lower property taxes can make homeownership more affordable and can influence decisions about purchasing or maintaining property in the area.
Average Delft Colony Tax Bill
$1,255
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Delft Colony, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 | |
|---|---|
| Tulare Tax Assessor | |
| Website | common1.mptsweb.com |