Rancho Cordova, California Property Taxes
The median property tax rate in Rancho Cordova, CA is 1.23%, which is considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Rancho Cordova at $345,807, the typical annual property tax bill reaches $4,415, exceeding the national median of $2,690. Property taxes in Rancho Cordova 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 Rancho Cordova'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 Rancho Cordova 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
Rancho Cordova, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$4,253
$4,018
$1,148
Average Rancho Cordova, California Tax Savings
Ownwell’s Rancho Cordova Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rancho Cordova with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rancho Cordova 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 Rancho Cordova. 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 Rancho Cordova, California
Property taxes in Rancho Cordova, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rancho Cordova is 1.23%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Rancho Cordova set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rancho Cordova 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 Rancho Cordova's effective property tax rate to other areas in Sacramento County and the national median. For comparison, the 95742 zip code has the highest median property tax rate of 1.58%, while the 95670 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Rancho Cordova 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 Rancho Cordova Tax Rate
1.23%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rancho Cordova, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95670 | 1.16% | 1.17% | 1.19% | 1.25% | 1.46% |
| 95742 | 1.04% | 1.44% | 1.58% | 1.75% | 1.91% |
Source: Ownwell
$1,148
Average Rancho Cordova Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rancho Cordova, California
In Rancho Cordova, 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 Rancho Cordova, 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. For instance, the highest median tax bill in the area is $7,523 in zip code 95742, while the lowest median tax bill is $3,134 in zip code 95670. Being aware of these valuation processes in Rancho Cordova helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rancho Cordova, California
Source: Ownwell
$5,675
$507,738
$1,009,800
Average Rancho Cordova Assessed Value
$345,807
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 Rancho Cordova, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95670 | $84,069 | $159,291 | $260,532 | $378,939 | $468,897 |
| 95742 | $307,847 | $403,215 | $489,582 | $584,374 | $674,214 |
Source: Ownwell
$1,148
Average Rancho Cordova Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rancho Cordova, California
In Rancho Cordova, Sacramento County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate. For example, Rancho Cordova’s property tax rate is influenced by various factors including local levies and bonds. The median home price here is $345,807, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile can expect tax bills around $2,441, while those in the 75th percentile might see bills as high as $6,743. The highest median tax bill in the area, found in the 95742 zip code, is $7,523. High property taxes can be a burden, but Ownwell can help homeowners save significantly. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. With our guidance, you can navigate the complexities of property tax regulations and secure the savings you deserve.
Average Rancho Cordova Tax Bill
$4,415
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Rancho Cordova, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95670 | $999 | $1,889 | $3,134 | $4,645 | $5,978 |
| 95742 | $4,808 | $6,120 | $7,523 | $8,859 | $9,896 |
Source: Ownwell
$1,148
Average Rancho Cordova 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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