Soda Springs, California Property Taxes
The median property tax rate in Soda Springs, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Soda Springs, the typical annual property tax bill reaches $5,630, exceeding the national median of $2,690. Property taxes in Soda Springs 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 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
1.24%
Estimate Property Tax Bill
$5,673
$5,358
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 0.82%, significantly lower than both the California state median of 0.81% 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 96161 zip code has the highest median property tax rate of 0.82%, while the 96161 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Soda Springs provides valuable insights into the varying tax landscape across Placer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Soda Springs Tax Rate
1.24%
Average Placer County Tax Rate
1.14%
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 | 1.13% | 1.19% | 1.24% | 1.44% | 1.70% |
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 Placer 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 the area are both $5,630, found in zip code 95728, reflecting the unique property landscape of this region.
Property Tax Assessment Values Across Soda Springs, California
Source: Ownwell
$47,009
$463,696
$880,383
Average Soda Springs Assessed Value
$457,504
Average Placer County Assessed Value
$464,229
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 | $116,807 | $232,968 | $457,504 | $728,300 | $1,009,010 |
Source: Ownwell
Property Tax Bills Across Soda Springs, California
In Soda Springs, property tax bills are calculated based on the assessed value of a home, which is often lower than its market value. The assessed value is determined by the Placer County assessor’s office and is influenced by factors such as property size, location, and condition. Homeowners in Soda Springs can expect property tax bills to vary significantly, with the 25th percentile around $3,213 and the 75th percentile reaching up to $8,477. For those in the 90th percentile, the tax bill can be as high as $11,450. These property tax bills impact homeowners by contributing to their overall housing costs, making budgeting and financial planning essential. Compared to the national median property tax rate of 0.99%, Soda Springs homeowners may find their tax rates to be relatively high, reflecting the area's higher property values. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Soda Springs Tax Bill
$5,630
Average Placer County Tax Bill
$5,446
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 | $1,998 | $3,213 | $5,630 | $8,477 | $11,450 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Placer Tax Assessor | |
| Website | common1.mptsweb.com |