Miramonte, California Property Taxes
The median property tax rate in Miramonte, CA is 1.03%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Miramonte at $131,397, the typical annual property tax bill reaches $1,350, which is below the national median of $2,690. Property taxes in Miramonte are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Miramonte'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 Miramonte 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
Miramonte, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,353
$1,256
Ownwell’s MIRAMONTE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIRAMONTE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIRAMONTE 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 Miramonte, California
Property taxes in Miramonte, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Miramonte is 1.03%, slightly higher than the U.S. national median of 0.99%. Local government entities within Miramonte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miramonte 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 Miramonte's effective property tax rate to other counties in California and the national median. For comparison, the ZIP code 93641 has the highest median property tax rate of 1.03%, while the same ZIP code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Miramonte 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 Miramonte Tax Rate
1.03%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miramonte, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93641 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Miramonte, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Miramonte, CA. 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 Miramonte, 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 Miramonte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Miramonte are both $1350, found in the 93641 zip code.
Average Miramonte Assessed Value
$131,397
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 Miramonte, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93641 | $131,397 | $131,397 | $131,397 | $131,397 | $131,397 |
Source: Ownwell
Property Tax Bills Across Miramonte, California
In Miramonte, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value often starts with the purchase price of the property, which can then be adjusted annually for inflation and improvements. Homeowners in Miramonte can expect a median property tax bill of $1,350, which is significantly lower than the national median property tax rate of 0.99%. Various factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, improvements to the property can increase its assessed value and, consequently, the tax bill. Conversely, exemptions such as those for senior citizens or veterans can reduce the taxable value. This relatively modest tax burden can be a financial relief for homeowners, allowing them to allocate more resources towards other expenses. However, understanding how these taxes are calculated and staying informed about potential exemptions can further help homeowners manage their financial obligations effectively.
Average Miramonte Tax Bill
$1,350
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Miramonte, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93641 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 |
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 |