Soda Springs, California Property Taxes
The median property tax rate in Soda Springs, CA is 1.42%, significantly higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $253,155 in Soda Springs, the typical annual property tax bill reaches $3,691, surpassing the national median of $2,690. Property taxes in Soda Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Soda Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Soda Springs 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
Soda Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$3,595
$3,395
Ownwell’s SODA SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SODA SPRINGS with just two data points. By entering your property’s estimated assessed value, the calculator applies the median tax rate in SODA SPRINGS 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 Soda Springs, California
Property taxes in Soda Springs, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soda Springs is 1.42%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Soda Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soda Springs 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 Soda Springs' effective property tax rate to other counties in California and the national median. For comparison, the 95728 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Soda Springs provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Soda Springs Tax Rate
1.42%
Average Nevada County Tax Rate
1.16%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soda Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95728 | 1.21% | 1.28% | 1.42% | 1.73% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Soda Springs, California
In Soda Springs, 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 Nevada 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 Soda Springs, 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 Soda Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Soda Springs are both $3,691, found in zip code 95728.
Property Tax Assessment Values Across Soda Springs, California
Source: Ownwell
$181,896
$588,325
$994,754
Average Soda Springs Assessed Value
$253,155
Average Nevada County Assessed Value
$380,629
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Soda Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95728 | $66,627 | $134,871 | $253,155 | $412,209 | $556,145 |
Source: Ownwell
Property Tax Bills Across Soda Springs, California
In Soda Springs, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor's office. This assessed value is typically a percentage of the property's market value. For instance, with a median home price of $253,155, homeowners can expect their tax bill to be a reflection of this valuation. Factors such as improvements to the property, changes in market conditions, and local tax rates play a crucial role in determining the final tax bill. For example, tax bills in Soda Springs range significantly, with the 25th percentile at $2,253 and the 75th percentile at $5,391. The 90th percentile sees tax bills as high as $7,216. These figures indicate that the financial impact on homeowners can vary widely depending on the specific characteristics and assessed value of their property. Compared to the national median property tax rate of 0.99%, Soda Springs' property tax rates demonstrate the importance of understanding local valuations and tax implications.
Average Soda Springs Tax Bill
$3,691
Average Nevada County Tax Bill
$4,722
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Soda Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95728 | $1,516 | $2,253 | $3,691 | $5,391 | $7,216 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Nevada Tax Assessor | |
| Website | common2.mptsweb.com |