Hood, California Property Taxes
The median property tax rate in HOOD, CA is 1.13%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in HOOD, the typical annual property tax bill reaches $1,051, still below the national median of $2,690. Property taxes in HOOD 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 HOOD'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 HOOD 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
Hood, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Hood, California Tax Savings
Ownwell’s HOOD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOOD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOOD 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 HOOD. 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 Hood, California
Property taxes in HOOD, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HOOD is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within HOOD set these rates annually, and they can vary significantly across different neighborhoods. Each year, HOOD 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. Understanding how HOOD's effective property tax rate compares to other areas in Sacramento County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hood Tax Rate
1.13%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95639 | 1.04% | 1.08% | 1.13% | 1.22% | 1.46% |
Source: Ownwell
$1,148
Average Hood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hood, California
In HOOD, 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 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 HOOD, 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 highest median tax bill in HOOD is found in the 95639 zip code at $1051, while the lowest median tax bill is also $1051 in the same zip code. Being aware of these valuation processes in HOOD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hood Assessed Value
$91,840
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 Hood, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95639 | $13,663 | $26,712 | $91,840 | $205,914 | $385,117 |
Source: Ownwell
$1,148
Average Hood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hood, California
In the city of Hood, located in Sacramento County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a fraction of the market value of the property. Several factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Hood face varying property tax bills, with the 25th percentile at $291 and the 75th percentile at $2,340, while the 90th percentile can reach up to $3,853. The median home price in the area is $91,840, and the county's median tax bill stands at $1,051, which is slightly above the national median property tax rate of 0.99%. Ownwell can help homeowners in Hood save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies or overvaluations, Ownwell ensures that homeowners only pay their fair share, potentially leading to significant savings.
Average Hood Tax Bill
$1,051
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95639 | $197 | $291 | $1,051 | $2,340 | $3,853 |
Source: Ownwell
$1,148
Average Hood 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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