Strathmore, California Property Taxes
The median property tax rate in Strathmore, CA is 1.01%, slightly above the national median of 0.99% but below the California state median of 1.21%. With the median home value in Strathmore at $87,537, the typical annual property tax bill is $858, which is significantly lower than the national median of $2,690. Property taxes in Strathmore are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Strathmore'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 Strathmore or another part of Tulare County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Strathmore, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$884
$820
Ownwell’s Strathmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strathmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strathmore 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 Strathmore, California
Property taxes in Strathmore, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strathmore is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Strathmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strathmore 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 Strathmore's effective property tax rate to other areas in California and the national median. For comparison, the 93267 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Strathmore 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 Strathmore Tax Rate
1.01%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strathmore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93267 | 0.87% | 0.95% | 1.01% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Strathmore, California
In Strathmore, 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 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 Strathmore, 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. The median home price in Strathmore is $87,537, with tax bills ranging from $521 at the 25th percentile to $1,792 at the 90th percentile. The highest and lowest median tax bills in the area are both $858, found in the 93267 zip code. 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 Strathmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Strathmore Assessed Value
$87,537
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 Strathmore, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93267 | $31,147 | $53,323 | $87,537 | $126,552 | $178,612 |
Source: Ownwell
Property Tax Bills Across Strathmore, California
In Strathmore, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Tulare County Assessor's Office. The assessed value typically starts with the purchase price of the property and may be adjusted annually for inflation or improvements. The property tax rate in Strathmore is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including local tax rates, property value, and any applicable exemptions or deductions. Homeowners in Strathmore can expect tax bills that vary significantly. For instance, at the 25th percentile, the tax bill is $521, while at the 75th percentile, it rises to $1,259. The highest median tax bill in the area is $858, which is considerably lower than the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual financial planning and overall cost of homeownership.
Average Strathmore Tax Bill
$858
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Strathmore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93267 | $301 | $521 | $858 | $1,259 | $1,792 |
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 |