Meeks Bay, California Property Taxes
The median property tax rate in Meeks Bay, CA is 1.22%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Meeks Bay at $531,842, the typical annual property tax bill amounts to $6,421, significantly surpassing the national median of $2,690. Property taxes in Meeks Bay 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 Meeks 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 Meeks 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
Meeks Bay, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$6,488
$6,128
Ownwell’s Meeks Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meeks Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meeks Bay 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 Meeks Bay, California
Property taxes in Meeks Bay, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Meeks Bay is 1.22%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Meeks Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meeks 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 Meeks Bay's effective property tax rate to other counties in California and the national median. For comparison, the zip code 96142 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Meeks Bay 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 Meeks Bay Tax Rate
1.22%
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 Meeks Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | 1.08% | 1.14% | 1.22% | 1.41% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Meeks Bay, California
In Meeks 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 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 Meeks 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. The median home price in Meeks Bay is $531,842, with tax bills ranging from $3,550 at the 25th percentile to $24,957 at the 90th percentile. The highest and lowest median tax bills are both $6,421 in the 96142 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meeks Bay Assessed Value
$531,842
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 Meeks Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | $112,292 | $259,868 | $531,842 | $995,102 | $2,287,243 |
Source: Ownwell
Property Tax Bills Across Meeks Bay, California
In Meeks Bay, located in El Dorado County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the county assessor and is influenced by the market value of the property. Homeowners in Meeks Bay can expect a median home price of $531,842. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors contribute to the final tax bill, including the property's location, size, and any improvements made. For instance, tax bills in Meeks Bay range significantly, with the 25th percentile at $3,550 and the 75th percentile at $11,255. At the higher end, the 90th percentile tax bill reaches up to $24,957. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessed values affect their financial responsibilities.
Average Meeks Bay Tax Bill
$6,421
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 Meeks Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | $2,048 | $3,550 | $6,421 | $11,255 | $24,957 |
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 |