How much is property tax in Arcadia CA?
The typical annual property tax bill for a home in Arcadia, California, is $8,236.
Property taxes in Arcadia, CA, are calculated based on the assessed value of a property and the specific tax rates applied by local authorities. While individual property tax bills can vary, median figures provide a clear understanding of the general cost for homeowners in the area.
Understanding Arcadia's Property Tax Structure
Arcadia's property tax rates are influenced by a combination of the property's market value and the established tax rate. The median property tax rate in Arcadia is 1.14%. When this rate is applied to the median home value in the area, it results in the typical annual tax bill.
Here’s a breakdown of the key property tax figures for Arcadia:
| Metric | Value |
|---|---|
| Median Home Value | $734,006 |
| Median Property Tax Rate (Arcadia) | 1.14% |
| Typical Annual Property Tax Bill | $8,236 |
Arcadia Property Taxes in Context
To better understand Arcadia's property tax landscape, it's helpful to compare its figures to state and national averages:
- National Median Property Tax Rate: 0.99%
- California State Median Property Tax Rate: 1.21%
- National Median Annual Property Tax Bill: $2,690
As these comparisons show, Arcadia's typical annual property tax bill of $8,236 significantly surpasses the national median of $2,690. This higher bill is primarily due to the higher median home values in Arcadia. The median property tax rate in Arcadia (1.14%) is higher than the national median (0.99%) but falls slightly below the California state median (1.21%).
Factors Affecting Your Property Tax Bill
While the median figures provide a good estimate, your specific property tax bill in Arcadia can differ due to several key factors:
- Specific Property Value: The precise assessed value of your home is the primary determinant. Homes valued above the median will incur higher taxes, and those below will have lower bills.
- Additional Local Assessments: Beyond the general tax rate, properties may be subject to special assessments for local services or bonds, such as funding for schools, parks, or specific community improvements.
- California's Proposition 13: This state law limits the annual increase in a property's assessed value to a maximum of 2% (plus the value of new construction), unless there is a change in ownership. This means that long-term homeowners may pay considerably less in property taxes than new buyers of comparable homes.
Understanding these nuances helps homeowners better anticipate and manage their annual property tax obligations in Arcadia.
