Valley Springs, California Property Taxes
The median property tax rate in Valley Springs, CA is 1.16%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $290,031 in Valley Springs, the typical annual property tax bill is $3,243, which exceeds the national median of $2,690. Property taxes in Valley Springs are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Valley Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Valley Springs 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
Valley Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$3,364
$3,177
Ownwell’s Valley Springs Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Springs to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, scrolling down will reveal more localized information. Your property’s assessed value is determined by Calaveras County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Valley Springs, California
Property taxes in Valley Springs, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Springs is 1.16%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Valley Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Springs 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 Valley Springs' effective property tax rate to other counties in California and the national median. For comparison, the 95252 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Valley Springs provides valuable insights into the varying tax landscape across Calaveras County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valley Springs Tax Rate
1.16%
Average Calaveras County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95252 | 1.03% | 1.14% | 1.16% | 1.19% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Valley Springs, California
In Valley Springs, 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 Calaveras County Assessor 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 Valley Springs, 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 Valley Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $290,031, with the annual property tax bill ranging from $2,233 at the 25th percentile to $5,204 at the 90th percentile. The highest and lowest median tax bills are both $3,243 in the 95252 zip code.
Property Tax Assessment Values Across Valley Springs, California
Source: Ownwell
$38,045
$251,554
$465,062
Average Valley Springs Assessed Value
$290,031
Average Calaveras County Assessed Value
$264,373
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95252 | $130,295 | $195,851 | $290,031 | $384,884 | $470,914 |
Source: Ownwell
Property Tax Bills Across Valley Springs, California
In Valley Springs, Calaveras County, CA, property tax bills are calculated based on the assessed value of a property. The assessed value is typically determined by the market value at the time of purchase and can be adjusted annually based on inflation or improvements made to the property. The median home price in Valley Springs is $290,031, which serves as a benchmark for determining tax bills. Several factors influence the final tax bill, including local tax rates, which may encompass county, city, and school district levies. For instance, property owners in Valley Springs can expect tax bills to vary significantly. The 25th percentile tax bill is around $2,233, while the 75th percentile tax bill can reach up to $4,253. At the 90th percentile, homeowners might face tax bills as high as $5,204. These property taxes directly impact homeowners by contributing to local services such as public schools, infrastructure, and emergency services, thereby enhancing the community's overall quality of life. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Valley Springs Tax Bill
$3,243
Average Calaveras County Tax Bill
$3,038
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95252 | $1,484 | $2,233 | $3,243 | $4,253 | $5,204 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Calaveras Tax Assessor | |
| Website | common3.mptsweb.com |