Somis, California Property Taxes
The median property tax rate in Somis, CA is 1.06%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $754,240 in Somis, the typical annual property tax bill amounts to $7,870, significantly exceeding the national median of $2,690. Property taxes in Somis are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Somis'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 Somis or another part of Ventura County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Somis, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$7,995
$7,550
Ownwell’s Somis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somis 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 Somis, California
Property taxes in Somis, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Somis is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Somis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Somis 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 Somis's effective property tax rate to other areas in Ventura County and the national median. For comparison, the zip code 93066 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Somis 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 Somis Tax Rate
1.06%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93066 | 1.04% | 1.05% | 1.06% | 1.07% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Somis, California
In Somis, 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 Appraisal District 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 Somis, 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 Somis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 93066 in Somis has the highest and lowest median tax bill, both at $7,870, reflecting the unique property tax landscape in this area.
Average Somis Assessed Value
$754,240
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 Somis, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93066 | $226,941 | $435,663 | $754,240 | $1,162,082 | $1,600,368 |
Source: Ownwell
Property Tax Bills Across Somis, California
In Somis, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For example, in Ventura County, where Somis is located, the median home price is $754,240. The property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Somis can expect their tax bill to vary significantly. For instance, the 25th percentile tax bill is approximately $4,521, while the 75th percentile tax bill is around $12,147. At the higher end, the 90th percentile tax bill reaches up to $16,040. Compared to the national median property tax rate of 0.99%, homeowners in Somis may find their tax bills to be relatively high due to the area's property values. This can have a substantial impact on household budgets, making it essential for homeowners to understand how their tax bill is calculated and what factors contribute to its amount.
Average Somis Tax Bill
$7,870
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Somis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93066 | $2,316 | $4,521 | $7,870 | $12,147 | $16,040 |
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 |