Tipton, California Property Taxes
The median property tax rate in Tipton, CA is 1.09%, 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 Tipton at $107,436, the typical annual property tax bill reaches $1,154, which is below the national median of $2,690. Property taxes in Tipton 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 Tipton'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 Tipton 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
Tipton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,171
$1,106
Ownwell’s Tipton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tipton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tipton 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 Tipton, California
Property taxes in Tipton, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tipton is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tipton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tipton 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 Tipton's effective property tax rate to other counties in California and the national median. For comparison, the 93272 zip code has the highest median property tax rate of 1.09%, while the 93272 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Tipton 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 Tipton Tax Rate
1.09%
Average Tulare County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tipton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93272 | 0.98% | 1.06% | 1.09% | 1.09% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Tipton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tipton, 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'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 Tipton, 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 Tipton 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 $1154, found in the zip code 93272.
Average Tipton Assessed Value
$107,436
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 Tipton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93272 | $39,149 | $75,346 | $107,436 | $150,594 | $193,480 |
Source: Ownwell
Property Tax Bills Across Tipton, California
In Tipton, located in Tulare County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Tipton face a median property tax bill of approximately $1,154, which aligns with the national median property tax rate of 0.99%. Various factors influence the tax bill, including the assessed value of the property, any applicable exemptions, and the local tax rate. For instance, homes in the 25th percentile have a tax bill around $777, while those in the 75th percentile pay about $1,598. At the 90th percentile, the tax bill can reach up to $2,068. These taxes fund essential public services such as schools, infrastructure, and emergency services, significantly impacting homeowners by contributing to the overall cost of homeownership. Understanding these factors can help homeowners anticipate their annual property tax expenses and budget accordingly.
Average Tipton Tax Bill
$1,154
Average Tulare County Tax Bill
$1,854
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tipton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93272 | $396 | $777 | $1,154 | $1,598 | $2,068 |
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 |