Carmichael, California Property Taxes
The median property tax rate in Carmichael, CA is 1.18%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $340,000, the typical annual property tax bill in Carmichael reaches $3,931, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Familiarizing yourself with Carmichael's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carmichael or another part of Sacramento County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carmichael, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$4,012
$3,789
$1,148
Average Carmichael, California Tax Savings
Ownwell’s Carmichael Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carmichael with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carmichael to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Carmichael. 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 Carmichael, California
Property taxes in Carmichael, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carmichael is 1.18%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Carmichael set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carmichael 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 Carmichael's effective property tax rate to other regions in California and the national median. For comparison, the 95608 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Carmichael provides valuable insights into the varying tax landscape across Sacramento County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carmichael Tax Rate
1.18%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carmichael, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95608 | 1.12% | 1.16% | 1.18% | 1.19% | 1.21% |
Source: Ownwell
$1,148
Average Carmichael Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Carmichael, California
In Carmichael, 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 Sacramento County Assessor's Office 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 Carmichael, 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 Carmichael helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 95608, which stands at $3,931.
Average Carmichael Assessed Value
$340,000
Average Sacramento County Assessed Value
$315,351
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carmichael, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95608 | $120,121 | $210,319 | $340,000 | $490,964 | $663,000 |
Source: Ownwell
$1,148
Average Carmichael Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Carmichael, California
In Carmichael, located in Sacramento County, CA, property tax bills are calculated based on the assessed value of the property. The median home price here is $340,000. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the county. The median property tax rate in the region is notably lower than the national median of 0.99%, but homeowners still face substantial bills. For instance, the 25th percentile tax bill is $2,420, while the 75th percentile tax bill can reach up to $5,690, and the 90th percentile hits $7,775. Factors influencing the tax bill include property size, location, and market conditions. High property taxes can strain homeowners financially, making it essential to explore ways to reduce these costs. Ownwell offers expert property tax appeal and exemption services, helping homeowners challenge their assessed values and identify eligible exemptions. By leveraging Ownwell’s expertise, homeowners in Carmichael can potentially lower their property tax bills, easing their financial burden and ensuring fair taxation.
Average Carmichael Tax Bill
$3,931
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Carmichael, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95608 | $1,361 | $2,420 | $3,931 | $5,690 | $7,775 |
Source: Ownwell
$1,148
Average Carmichael Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Sacramento Tax Assessor | |
| Website | assessorparcelviewer.saccounty.gov |
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