Terra Bella, California Property Taxes
The median property tax rate in Terra Bella, CA is 1.02%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $106,233 in Terra Bella, the typical annual property tax bill is around $1,088, which is below the national median of $2,690. Property taxes in Terra Bella are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Terra Bella'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 Terra Bella 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
Terra Bella, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,084
$1,023
Ownwell’s Terra Bella Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Terra Bella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Terra Bella 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 Terra Bella, California
Property taxes in Terra Bella, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Terra Bella is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Terra Bella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Terra Bella 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 Terra Bella's effective property tax rate to other counties in California and the national median. For comparison, the 93270 zip code has the highest median property tax rate of 1.02%, while the 93270 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Terra Bella 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 Terra Bella Tax Rate
1.02%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Terra Bella, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93270 | 0.93% | 0.99% | 1.02% | 1.02% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Terra Bella, California
In Terra Bella, 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 Terra Bella, 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 Terra Bella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 93270, with a median tax bill of $1088, while the zip code with the lowest median tax bill is also 93270, with the same median tax bill of $1088.
Average Terra Bella Assessed Value
$106,233
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 Terra Bella, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93270 | $43,870 | $72,480 | $106,233 | $156,970 | $205,870 |
Source: Ownwell
Property Tax Bills Across Terra Bella, California
In Terra Bella, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Terra Bella, the median home price is $106,233. Property tax rates in this region are influenced by local levies and state regulations, with the national median property tax rate being 0.99%. Factors such as property improvements, location, and market trends can impact the assessed value. Homeowners in Terra Bella can expect their tax bills to vary within certain ranges. For instance, the 25th percentile tax bill is around $739, while the 75th percentile reaches up to $1,607, and the 90th percentile can go as high as $2,126. These variations highlight how different factors can affect individual tax bills, impacting homeowners' annual expenses and potentially influencing their financial planning and property investment decisions.
Average Terra Bella Tax Bill
$1,088
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Terra Bella, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93270 | $435 | $739 | $1,088 | $1,607 | $2,126 |
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 |