Fallbrook, California Property Taxes
Real Estate Values and Property Tax Valuation in Fallbrook, California
Fallbrook is home to 14,974 properties with a cumulative value of $6.3B, representing 1.68% of all real estate value in San Diego County. Property taxes in Fallbrook totaled $76.2M, with the average homeowner paying $5,246 in property taxes compared to the county average of $6,162. The average property tax rate in Fallbrook is 1.21%, lower than the county average of 1.33%. Property taxes are based on the assessed value of the property, which is determined by the local assessor's office.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated August 23, 2023
Important Links | |
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San Diego Recorder | (619) 238-8158 |
San Diego Assessor | (619) 236-3771 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | June - August |
Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
Property Tax Bills Issued: | October 1st |
Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
Available Exemptions | |
---|---|
Senior | Not Available |
Disabled | Available |
Homestead | Available |
Veteran | Not Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Fallbrook, California
Residential Property Tax by ZIP code in Fallbrook, California
Fallbrook property taxes are slightly lower than the average for San Diego County, with an average rate of 1.21% compared to the county average of 1.33%. This means that homeowners in Fallbrook can expect to pay slightly less in property taxes than the average San Diego County homeowner. However, property tax rates can vary significantly across Fallbrook ZIP codes. The highest effective property tax rate in Fallbrook is 1.21%, found in the 92028 ZIP code, while the lowest effective rate is not available. This is because property tax rates are based on the value of the home, and the value of homes can vary significantly across Fallbrook ZIP codes. Therefore, homeowners should research the effective property tax rate for their specific ZIP code before making any decisions about their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Fallbrook, California. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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92028 | $44,771 | $222,440 | $428,391 | $600,428 | $787,331 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Fallbrook, California.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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92028 | $1,556 | $2,993 | $4,934 | $6,993 | $9,143 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92028 | 3.48% | 1.35% | 1.15% | 1.16% | 1.16% |
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Real Estate Values in Fallbrook, California
Average Home Value in Fallbrook, California
Last updated: August 2023
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Housing Expenses in Fallbrook, California
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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