Rescue, California Property Taxes
The median property tax rate in Rescue, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Rescue at $477,187, the typical annual property tax bill reaches $5,140, significantly surpassing the national median of $2,690. Property taxes in Rescue are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rescue'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 Rescue 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
Rescue, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$5,154
$4,867
Ownwell’s Rescue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rescue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rescue 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 Rescue, California
Property taxes in Rescue, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rescue is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Rescue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rescue 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 Rescue's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95672 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Rescue 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 Rescue 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 Rescue, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95672 | 1.06% | 1.07% | 1.08% | 1.11% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Rescue, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rescue, California. 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 Rescue, 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 Rescue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rescue, the zip code with the highest and lowest median tax bill is 95672, both at $5,140.
Average Rescue Assessed Value
$477,187
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 Rescue, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95672 | $204,236 | $314,795 | $477,187 | $668,786 | $866,501 |
Source: Ownwell
Property Tax Bills Across Rescue, California
In Rescue, located in El Dorado County, CA, property tax bills are calculated based on the property's assessed value, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Rescue, the median home price is $477,187. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors that influence the property tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, tax bills in Rescue can range significantly, with the 25th percentile tax bill being $3,419, while the 75th percentile tax bill reaches $7,068. The 90th percentile tax bill can go up to $8,879. These property taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, understanding how these taxes are calculated and what factors influence them is crucial, as it directly impacts their annual financial obligations.
Average Rescue Tax Bill
$5,140
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 Rescue, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95672 | $2,292 | $3,419 | $5,140 | $7,068 | $8,879 |
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 |