El Dorado Hills, California Property Taxes
The median property tax rate in El Dorado Hills, CA is 1.09%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in El Dorado Hills at $629,654, the typical annual property tax bill amounts to $7,547, significantly exceeding the national median of $2,690. Property taxes in El Dorado Hills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding El Dorado Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of El Dorado Hills 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
El Dorado Hills, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s El Dorado Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Dorado Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Dorado Hills 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 El Dorado Hills, California
Property taxes in El Dorado Hills, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Dorado Hills is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within El Dorado Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Dorado Hills 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. Understanding how El Dorado Hills compares with other areas 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 El Dorado Hills Tax Rate
1.09%
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 El Dorado Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95762 | 1.04% | 1.05% | 1.09% | 1.32% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across El Dorado Hills, California
In El Dorado Hills, 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 El Dorado Hills, 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 El Dorado Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $629,654, with tax bills ranging from $5,362 at the 25th percentile to $12,666 at the 90th percentile. The highest and lowest median tax bills are both $7,547 in the 95762 zip code.
Property Tax Assessment Values Across El Dorado Hills, California
Source: Ownwell
$10,234
$319,944
$629,654
Average El Dorado Hills Assessed Value
$629,654
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 El Dorado Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95762 | $329,348 | $489,964 | $629,654 | $816,000 | $1,099,006 |
Source: Ownwell
Property Tax Bills Across El Dorado Hills, California
In El Dorado Hills, CA, property tax bills are calculated based on the assessed value of the property, which is often determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in El Dorado Hills can expect their property tax bills to be influenced by several factors, including the local tax rate, which in this area is higher than the national median property tax rate of 0.99%. For example, the median home price in El Dorado Hills is $629,654. Property taxes in this region can vary significantly, with the 25th percentile tax bill at $5,362 and the 75th percentile tax bill at $9,868. For those in the 90th percentile, tax bills can reach as high as $12,666. This variance in tax bills affects homeowners differently, impacting their annual financial planning and overall cost of homeownership. Homeowners need to be aware of these factors to manage their expenses effectively.
Average El Dorado Hills Tax Bill
$7,547
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 El Dorado Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95762 | $3,630 | $5,362 | $7,547 | $9,868 | $12,666 |
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 |