Ivanhoe, California Property Taxes
The median property tax rate in Ivanhoe, CA is 1.04%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $103,310 in Ivanhoe, the typical annual property tax bill amounts to $1,033, surpassing the national median of $2,690. Property taxes in Ivanhoe are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ivanhoe'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 Ivanhoe 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
Ivanhoe, 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 Ivanhoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ivanhoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ivanhoe 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 Ivanhoe, California
Property taxes in Ivanhoe, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ivanhoe is 1.04%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Ivanhoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ivanhoe 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 Ivanhoe's effective property tax rate to other counties in California and the national median. For comparison, the 93235 zip code has the highest median property tax rate of 1.04%, while the 93235 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Ivanhoe 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 Ivanhoe Tax Rate
1.04%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ivanhoe, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93235 | 0.94% | 0.97% | 1.04% | 1.04% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ivanhoe, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ivanhoe, 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 Tulare 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 Ivanhoe, 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. For example, the median home price in Ivanhoe is $103,310, with the 25th percentile tax bill at $717 and the 75th percentile tax bill at $1,320. The highest and lowest median tax bills in the area are both $1,033, specifically in the 93235 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Ivanhoe Assessed Value
$103,310
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 Ivanhoe, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93235 | $45,607 | $72,133 | $103,310 | $129,223 | $177,812 |
Source: Ownwell
Property Tax Bills Across Ivanhoe, California
Property tax bills in Ivanhoe, located in Tulare County, CA, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically reflects the market value of the home. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. In Ivanhoe, the property tax rate is influenced by various local levies and bonds, which fund public services such as schools and infrastructure. For homeowners in Ivanhoe, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $717, while at the 75th percentile, it rises to $1320. At the 90th percentile, homeowners can expect to pay around $1838. Compared to the national median property tax rate of 0.99%, Ivanhoe's property tax rates can be seen as relatively moderate, providing a balanced approach to funding essential community services without placing an undue burden on property owners. This variability in tax bills affects homeowners differently, depending on the assessed value of their properties.
Average Ivanhoe Tax Bill
$1,033
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ivanhoe, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93235 | $447 | $717 | $1,033 | $1,320 | $1,838 |
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 |