Coloma, California Property Taxes
The median property tax rate in Coloma, CA is 1.05%, 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 $309,394, the typical annual property tax bill in Coloma amounts to $3,180, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Coloma'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 Coloma 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
Coloma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,249
$3,068
Ownwell’s Coloma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coloma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coloma 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 Coloma, California
Property taxes in Coloma, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coloma is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Coloma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coloma 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 Coloma's effective property tax rate to other areas in California and the national median. For comparison, the 95613 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Coloma 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 Coloma Tax Rate
1.05%
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 Coloma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95613 | 1.03% | 1.04% | 1.05% | 1.07% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Coloma, California
In Coloma, 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 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 Coloma, 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 Coloma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95613 has the highest and lowest median tax bill at $3,180, highlighting the importance of understanding these values.
Average Coloma Assessed Value
$309,394
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 Coloma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95613 | $101,919 | $203,021 | $309,394 | $440,129 | $626,308 |
Source: Ownwell
Property Tax Bills Across Coloma, California
In Coloma, located in El Dorado County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically reflects the market value of the home. For homeowners in Coloma, the tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $2,180, while at the 75th percentile, it rises to around $4,633. The tax bill at the 90th percentile can go as high as $6,419. Several factors contribute to the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The median home price in Coloma is $309,394, which plays a crucial role in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Coloma might find their tax bills relatively higher, impacting their annual financial planning. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Coloma Tax Bill
$3,180
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 Coloma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95613 | $1,372 | $2,180 | $3,180 | $4,633 | $6,419 |
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 |