Kern County collects relatively high property taxes, and is ranked in the top half of all counties in the United States by property tax collections. Of the fifty-eight counties in California, Kern County is ranked 35th by median property taxes, and 3rd by median tax as percentage of home value. Yes, certain municipalities have exceptions to the Kern County tax rate.
Locations related to Kern County
The current property tax in Bakersfield is .8%, which is higher than the average bakersfield tax rate property tax rate in the US. The taxes in California vary depending on location and type of tax. California has a state income tax rate ranging from 1% to 13.2%, while the Kern County sales tax rate is 8.25%. The combined sales tax rate for Bakersfield, California, is 8.25%. State sales tax is 6%, meaning Bakersfield, and possibly other cities within the country, are tacking on an additional 2% of everything you purchase. On top of that, property taxes are some of the highest in the country.
- If you need to pay your property tax bill, ask about a property tax assessment, look up the Kern County property tax due date, or find property tax records, visit the Kern County Tax Assessor’s page.
- The local sales tax rate within the Bakersfield city limits is currently 8.25%.
- The Kern County seat can be found in the County Administration Center in Bakersfield.
- You should contact a certified public accountant or enrolled agent to get assistance.
- If your business meets or exceeds this threshold, you must register with the CDTFA, collect the Sales Tax on all qualifying transactions, and remit the tax to the state.
- If you notice that any of our provided data is incorrect or out of date, please notify us and include links to your data sources (preferably local government documents or websites).
Bakersfield sales tax calculator
The tax assessed value bookkeeping is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. When examining property taxes in Kern County, understanding the distinction between „market value“ and „assessed value“ is crucial. The Kern County Assessor’s Office estimates the market value for tax purposes. Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
How HOST Simplifies Filing and Reporting
According to Proposition 13, the assessed value of property taxes in California is capped at 1% of the property’s market value. https://jacoblessons.com/guide-to-predetermined-overhead-rate-formula-2/ So if a home is worth $3,000,000, your property taxes cannot exceed $30,000. Plus, the bill also states that the assessed value can not increase beyond the rate of inflation measured by the Consumer Price Index – which is 2%. The Assessor-Recorder will determine the assessed value by looking at local sales data, square footage, market conditions, and other considerations to determine a fair estimate of the home’s value.
- The information displayed on this website is pulled from recent census reports and other public information sources.
- If you need help making payments, Kern County offers several resources.
- That’s why we’ve created this guide to break down the rates for 2024, outline your obligations, and ensure your business stays compliant with ease.
- That’s because some cities might charge additional rates or be subject to a special tax rate that only applies to certain cities in that county.
- You can see how Kern County (highlighted in green) compares to the fifty-eight other counties in California with the bar chart above, sorted by median property tax in dollars.
- Finally, you have any special assessments that the home benefits from and a total at the bottom.
- The combined sales tax rate for Bakersfield, California, is 8.25%.
- A TIC is a number that groups similar goods or services into one category.
- You can look up the Kern County Assessor’s contact information here (opens in external website).
- At HOST, we know that understanding and managing economic nexus can be overwhelming.
In addition to these taxes, county taxes apply to those living and working in Bakersfield. This article will discuss the different types of taxes you may have to pay if you reside in Bakersfield. We will also cover information on how these taxes are calculated and where they go once collected by the government. Bakersfield has a slightly lower homeownership than average with about 41% of residents renting their homes. As with any other city, median income in Bakersfield depends on your industry. Here’s the local average salary in Bakersfield for several top industries.