Cameron Park, California Property Taxes
The median property tax rate in Cameron Park, CA is 1.08%, 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 $396,125, the typical annual property tax bill in Cameron Park is $4,227, surpassing the national median of $2,690. Property taxes in Cameron Park are based on the assessed value, which is often below the market value due to exemptions like those for primary residences and agriculture. Understanding Cameron Park'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 Cameron Park 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
Cameron Park, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$4,278
$4,040
Ownwell’s Cameron Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron Park to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Cameron Park, California
Property taxes in Cameron Park, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Cameron Park is 1.08%, notably higher than the U.S. national median of 0.99%. Local government entities within Cameron Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron Park 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 Cameron Park's effective property tax rate to other counties in California and the national median. For comparison, the 95682 zip code has the highest median property tax rate of 1.08%, while the same zip code also represents the lowest median tax rate at 1.08%. Understanding how these cities compare with Cameron Park provides valuable insights into the varying tax landscape across El Dorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Park Tax Rate
1.08%
Average El Dorado County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | 1.05% | 1.06% | 1.08% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Cameron Park, California
In Cameron Park, CA, 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 El Dorado 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 Cameron Park, 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 Cameron Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cameron Park is $396,125, with tax bills ranging from $2,900 at the 25th percentile to $5,558 at the 75th percentile. The zip code 95682 has the highest and lowest median tax bill of $4,227.
Property Tax Assessment Values Across Cameron Park, California
Source: Ownwell
$10,234
$319,944
$629,654
Average Cameron Park Assessed Value
$396,125
Average El Dorado County Assessed Value
$402,842
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron Park, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $179,189 | $271,644 | $396,125 | $524,355 | $663,000 |
Source: Ownwell
Property Tax Bills Across Cameron Park, California
In Cameron Park, El Dorado County, CA, property tax bills are calculated based on the assessed value of the home. The median home price in Cameron Park is $396,125. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary but is generally in line with California's average rates. The national median property tax rate is 0.99%, but local rates can differ. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and improvements made to the property. Homeowners in Cameron Park can expect their tax bills to fall within a range, with the 25th percentile at $2,900 and the 75th percentile at $5,558. The 90th percentile tax bill can go up to $6,986, indicating significant variability based on property characteristics. These tax bills impact homeowners by affecting their annual housing costs, potentially influencing decisions related to property investment and home improvements. Understanding these factors can help homeowners better plan for their financial future.
Average Cameron Park Tax Bill
$4,227
Average El Dorado County Tax Bill
$4,236
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $1,926 | $2,900 | $4,227 | $5,558 | $6,986 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| El Dorado Tax Assessor | |
| Website | parcel.edcgov.us |