Discovery Bay, California Property Taxes
The median property tax rate in Discovery Bay, CA is 1.37%, significantly higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $603,432 in Discovery Bay, the typical annual property tax bill reaches $8,295, far exceeding the national median of $2,690. Property taxes in Discovery Bay are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Discovery Bay'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 Discovery Bay 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
Discovery Bay, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$8,267
$7,807
$1,148
Average Discovery Bay, California Tax Savings
Ownwell’s Discovery Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Discovery Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Discovery Bay to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Discovery Bay. 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 Discovery Bay, California
Property taxes in Discovery Bay, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Discovery Bay is 1.37%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Discovery Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Discovery Bay 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 Discovery Bay's effective property tax rate to other counties in California and the national median. For comparison, the zip code 94505 has the highest median property tax rate of 1.37%, while zip code 94513 has the lowest median tax rate of 1.12%. Understanding how these cities compare with Discovery Bay provides valuable insights into the varying tax landscape across Contra Costa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Discovery Bay Tax Rate
1.37%
Average Contra Costa County Tax Rate
1.36%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Discovery Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94505 | 1.24% | 1.30% | 1.37% | 1.47% | 1.63% |
| 94513 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
$1,148
Average Discovery Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Discovery Bay, California
In Discovery Bay, 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 Contra Costa 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 Discovery Bay, 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 Discovery Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $9,047 in the 94513 zip code, while the lowest is $8,294 in the 94505 zip code.
Property Tax Assessment Values Across Discovery Bay, California
Source: Ownwell
$16,243
$1,002,640
$1,989,037
Average Discovery Bay Assessed Value
$603,432
Average Contra Costa County Assessed Value
$485,124
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Discovery Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94505 | $322,739 | $443,751 | $603,432 | $754,290 | $942,929 |
| 94513 | $807,840 | $807,840 | $807,840 | $807,840 | $807,840 |
Source: Ownwell
$1,148
Average Discovery Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Discovery Bay, California
In Discovery Bay, Contra Costa County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is influenced by the market value of the property and any improvements made. With a median home price of $603,432, homeowners can expect tax bills ranging from $6,526 at the 25th percentile to $11,853 at the 90th percentile. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the region's higher property values. Various factors influence the tax bill, including local tax rates, special assessments, and exemptions. High property taxes can be a burden on homeowners, but that's where Ownwell comes in. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners navigate the complexities of property tax assessments. The goal is to reduce the assessed value, thereby lowering the tax bill and providing significant savings. Homeowners in Discovery Bay can benefit from Ownwell's services, ensuring they pay only their fair share.
Average Discovery Bay Tax Bill
$8,295
Average Contra Costa County Tax Bill
$6,706
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Discovery Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94505 | $5,153 | $6,525 | $8,294 | $9,949 | $11,853 |
| 94513 | $9,047 | $9,047 | $9,047 | $9,047 | $9,047 |
Source: Ownwell
$1,148
Average Discovery Bay Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Contra Costa Tax Assessor | |
| Website | www.contracosta.ca.gov |
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