Oakville, California Property Taxes
The median property tax rate in Oakville, CA is 1.03%, 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 Oakville at $1,120,431, the typical annual property tax bill reaches $11,591, far exceeding the national median of $2,690. Property taxes in Oakville 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 Oakville'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 Oakville or another part of Napa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oakville, 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 Oakville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakville 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 Oakville, California
Property taxes in Oakville, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakville is 1.03%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Oakville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakville 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 Oakville's effective property tax rate to other counties in California and the national median. For comparison, the 94562 zip code has the highest median property tax rate of 1.03%, while the 94562 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Oakville provides valuable insights into the varying tax landscape across Napa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakville Tax Rate
1.03%
Average Napa County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94562 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Oakville, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oakville, 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 Napa 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 Oakville, 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. The zip code with the highest median tax bill in Oakville is 94562, with a median tax bill of $11,591. Being aware of these valuation processes in Oakville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Oakville, California
Source: Ownwell
$148,800
$1,176,371
$2,203,942
Average Oakville Assessed Value
$1,120,431
Average Napa County Assessed Value
$490,000
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94562 | $1,120,431 | $1,120,431 | $1,120,431 | $1,120,431 | $1,120,431 |
Source: Ownwell
Property Tax Bills Across Oakville, California
In Oakville, Napa County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessment reflects the market value of the property at the time of purchase or when significant improvements are made. Local tax rates are then applied to this assessed value to determine the annual tax bill. For Oakville homeowners, the median home price stands at $1,120,431. Property tax bills in this area are notably high, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $11,591. This amount is significantly higher than the national median property tax rate of 0.99%, highlighting the premium cost of owning property in this region. Such high property taxes impact homeowners by increasing the overall cost of homeownership, which can affect decisions related to buying, selling, or investing in property. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Oakville Tax Bill
$11,591
Average Napa County Tax Bill
$5,707
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94562 | $11,591 | $11,591 | $11,591 | $11,591 | $11,591 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Napa Tax Assessor | |
| Website | common1.mptsweb.com |