Diamond Springs, California Property Taxes
The median property tax rate in Diamond Springs, CA is 1.03%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Diamond Springs at $253,000, the typical annual property tax bill reaches $2,744, surpassing the national median of $2,690. Property taxes in Diamond Springs are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Diamond 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 Diamond Springs or another part of El Dorado County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Diamond Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,606
$2,461
Ownwell’s Diamond Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Diamond Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Diamond Springs 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 Diamond Springs, California
Property taxes in Diamond Springs, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Diamond Springs is 1.03%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Diamond Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Diamond 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 Diamond Springs' effective property tax rate to other areas in El Dorado County and the national median. For comparison, the zip code 95619 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Diamond Springs 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 Diamond Springs Tax Rate
1.03%
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 Diamond Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95619 | 1.00% | 1.02% | 1.03% | 1.05% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Diamond Springs, California
In Diamond 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 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 Diamond 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 Diamond Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Diamond Springs are both $2,744, found in the 95619 zip code. The median home price in the area is $253,000, with tax bills ranging from $1,743 at the 25th percentile to $4,789 at the 90th percentile.
Property Tax Assessment Values Across Diamond Springs, California
Source: Ownwell
$10,234
$319,944
$629,654
Average Diamond Springs Assessed Value
$253,000
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 Diamond Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95619 | $66,941 | $147,226 | $253,000 | $353,868 | $465,000 |
Source: Ownwell
Property Tax Bills Across Diamond Springs, California
In Diamond Springs, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the El Dorado County Assessor's Office. The assessed value typically starts with the purchase price and can increase annually by up to 2%, according to Proposition 13 regulations. This value is then multiplied by the local property tax rate to determine the tax bill. The median home price in Diamond Springs is $253,000, and homeowners can expect their tax bills to vary widely. For example, those in the 25th percentile might pay around $1,743, while those in the 75th percentile could see bills as high as $3,682. The top 10% of homeowners might face tax bills nearing $4,789. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Diamond Springs homeowners may find their tax obligations to be a significant financial consideration.
Average Diamond Springs Tax Bill
$2,744
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 Diamond Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95619 | $1,158 | $1,743 | $2,744 | $3,682 | $4,789 |
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 |