Posey, California Property Taxes
The median property tax rate in Posey, CA is 1.03%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Posey, the typical annual property tax bill amounts to $442, which is significantly below the national median of $2,690. Property taxes in Posey are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Posey'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 Posey 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
Posey, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$398
$370
Ownwell's Posey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Posey with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Posey to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those interested in more granular insights, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Posey, California
Property taxes in Posey, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Posey is 1.03%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Posey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Posey 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 Posey's effective property tax rate to other counties in California and the national median. For comparison, the 93260 zip code has the highest median property tax rate of 1.03%, while the lowest median tax rate is also 1.03%, indicating uniformity within the area. Understanding how these cities compare with Posey 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 Posey 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 Posey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93260 | 1.03% | 1.03% | 1.03% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Posey, California
In Posey, 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 Assessor's Office 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 Posey, 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 Posey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both $442 in the 93260 zip code.
Average Posey Assessed Value
$38,659
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 Posey, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93260 | $10,008 | $14,824 | $38,659 | $79,128 | $142,006 |
Source: Ownwell
Property Tax Bills Across Posey, California
Property tax bills in Posey, CA, located in Tulare County, are determined based on the assessed value of a property, which is often a percentage of its market value. The median home price in Posey is $38,659, and the property tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including property location, the local tax rate, and any applicable exemptions or deductions. For example, the tax bill for the 25th percentile of homes in Posey is approximately $254, while the 75th percentile sees a tax bill around $901. Those in the 90th percentile face a tax bill of about $1,482. These figures indicate a range of tax burdens that homeowners can expect, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of how property taxes in Posey can impact homeowners financially.
Average Posey Tax Bill
$442
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Posey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93260 | $131 | $254 | $442 | $901 | $1,482 |
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 |