Oak View, California Property Taxes
The median property tax rate in Oak View, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $444,306 in Oak View, the typical annual property tax bill reaches $5,231, significantly exceeding the national median of $2,690. Property taxes in Oak View are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Oak View'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 Oak View 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
Oak View, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$5,332
$4,948
Ownwell’s Oak View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oak View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oak View 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 Oak View, California
Property taxes in Oak View, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak View is 1.20%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Oak View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oak View 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 Oak View's effective property tax rate to other counties in California and the national median. For comparison, the 93022 zip code has the highest median property tax rate of 1.20%, while the 93022 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Oak View provides valuable insights into the varying tax landscape across Ventura County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oak View Tax Rate
1.20%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oak View, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93022 | 1.05% | 1.14% | 1.20% | 1.32% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Oak View, California
In Oak View, 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 Ventura 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 Oak View, 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 Oak View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Oak View, the median home price is $444,306, with tax bills ranging from $3,492 at the 25th percentile to $9,749 at the 90th percentile. The highest and lowest median tax bills are both $5,231 in the 93022 zip code.
Average Oak View Assessed Value
$444,306
Average Ventura County Assessed Value
$465,193
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oak View, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93022 | $130,515 | $271,305 | $444,306 | $654,784 | $906,783 |
Source: Ownwell
Property Tax Bills Across Oak View, California
In Oak View, Ventura County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Oak View can expect their property tax bills to vary significantly, depending on the assessed value of their homes and any applicable exemptions or deductions. For instance, the median home price in Oak View is $444,306, which serves as a basis for calculating property taxes. Tax bills in this area can range widely, with the 25th percentile at $3,492, the 75th percentile at $7,376, and the 90th percentile reaching up to $9,749. These values illustrate the variability in tax bills, influenced by factors such as property value and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Oak View may find their tax bills to be relatively high, which can impact their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Oak View Tax Bill
$5,231
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak View, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93022 | $2,043 | $3,492 | $5,231 | $7,376 | $9,749 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Ventura Tax Assessor | |
| Website | assessor.countyofventura.org |