Twin Bridges, California Property Taxes
The median property tax rate in Twin Bridges, CA is 1.07%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Twin Bridges at $233,864, the typical annual property tax bill reaches $2,422, slightly below the national median of $2,690. Property taxes in Twin Bridges are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Twin Bridges' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Twin Bridges 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
Twin Bridges, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,502
$2,363
Ownwell’s Twin Bridges Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Twin Bridges. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Twin Bridges to provide an accurate estimate of your property tax bill. This handy tool offers a clear understanding of your potential tax liabilities, making financial planning more straightforward. For those interested in more detailed insights, you can scroll down to explore trends and data on a neighborhood level. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Twin Bridges, California
Property taxes in Twin Bridges, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Twin Bridges is 1.07%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Twin Bridges set these rates annually, and they can vary significantly across different neighborhoods. Each year, Twin Bridges 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 Twin Bridges' effective property tax rate to other areas in California and the national median. For comparison, the 95735 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Twin Bridges 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 Twin Bridges Tax Rate
1.07%
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 Twin Bridges, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95735 | 1.02% | 1.04% | 1.07% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Twin Bridges, California
In Twin Bridges, 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 Twin Bridges, 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 Twin Bridges helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95735 has both the highest and lowest median tax bill at $2422.
Property Tax Assessment Values Across Twin Bridges, California
Source: Ownwell
$10,234
$319,944
$629,654
Average Twin Bridges Assessed Value
$233,864
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 Twin Bridges, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95735 | $59,846 | $128,122 | $233,864 | $367,944 | $520,085 |
Source: Ownwell
Property Tax Bills Across Twin Bridges, California
In Twin Bridges, located in El Dorado County, CA, property tax bills are calculated based on the assessed value of a homeowner’s property. The assessed value is determined by the county assessor and is generally a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $233,864, homeowners in Twin Bridges can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $1,398, while at the 75th percentile, it rises to approximately $3,821. For those at the 90th percentile, the tax bill can be as high as $4,868. These taxes fund essential public services such as education, emergency services, and infrastructure maintenance. While the national median property tax rate stands at 0.99%, individual tax bills in Twin Bridges can vary widely based on the assessed value of the property, impacting homeowners differently.
Average Twin Bridges Tax Bill
$2,422
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 Twin Bridges, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95735 | $694 | $1,398 | $2,422 | $3,821 | $4,868 |
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 |