Farmersville, California Property Taxes
The median property tax rate in Farmersville, CA is 1.06%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $125,077 in Farmersville, the typical annual property tax bill is $1,329, considerably below the national median of $2,690. Property taxes in Farmersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Farmersville'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 Farmersville 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
Farmersville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,326
$1,230
Ownwell’s Farmersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Farmersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Farmersville 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 Tulare County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Farmersville, California
Property taxes in Farmersville, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Farmersville is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Farmersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Farmersville 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 Farmersville's effective property tax rate to other areas in California and the national median. For comparison, the zip code 93223 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Farmersville 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 Farmersville Tax Rate
1.06%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Farmersville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93223 | 0.96% | 1.02% | 1.06% | 1.09% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Farmersville, California
In Farmersville, 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 Tulare 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 Farmersville, 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 Farmersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,329, found in the zip code 93223.
Average Farmersville Assessed Value
$125,077
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 Farmersville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93223 | $50,347 | $84,093 | $125,077 | $171,706 | $219,177 |
Source: Ownwell
Property Tax Bills Across Farmersville, California
In Farmersville, property tax bills are calculated based on the assessed value of your home. This value is determined by the Tulare County Assessor’s Office and reflects the market value of your property. The tax rate is then applied to this assessed value to determine your annual tax bill. In Farmersville, the median home price is $125,077, and the property tax rate is in line with the national median rate of 0.99%. Homeowners in Farmersville can expect their tax bills to vary. For instance, the 25th percentile tax bill is around $861, while the 75th percentile reaches up to $1,836. At the 90th percentile, the tax bill can go as high as $2,400. These variations depend on factors such as property improvements, neighborhood developments, and market conditions. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Farmersville Tax Bill
$1,329
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Farmersville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93223 | $510 | $861 | $1,329 | $1,836 | $2,400 |
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 |