Scotts Valley, California Property Taxes
The median property tax rate in Scotts Valley, CA is 1.23%, noticeably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Scotts Valley at $605,100, the typical annual property tax bill reaches $7,694, far exceeding the national median of $2,690. Property taxes in Scotts Valley 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 Scotts Valley'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 Scotts Valley 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
Scotts Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$7,443
$7,029
Ownwell’s Scotts Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scotts Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scotts Valley 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 Scotts Valley, California
Property taxes in Scotts Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scotts Valley is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Scotts Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scotts Valley 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 Scotts Valley's effective property tax rate to other areas in Santa Cruz County and the national median. For comparison, the 95066 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these figures compare with Scotts Valley provides valuable insights into the varying tax landscape across Santa Cruz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scotts Valley Tax Rate
1.23%
Average Santa Cruz County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scotts Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95066 | 1.14% | 1.19% | 1.23% | 1.31% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Scotts Valley, California
In Scotts Valley, 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 Santa Cruz 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 Scotts Valley, 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 Scotts Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 95066, with a value of $7,678.
Property Tax Assessment Values Across Scotts Valley, California
Source: Ownwell
$64,992
$419,921
$774,850
Average Scotts Valley Assessed Value
$605,100
Average Santa Cruz County Assessed Value
$477,836
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scotts Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95066 | $101,915 | $324,143 | $606,459 | $919,742 | $1,209,516 |
Source: Ownwell
Property Tax Bills Across Scotts Valley, California
In Scotts Valley, Santa Cruz County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically determined by the purchase price of the home and can be adjusted annually based on the market conditions and improvements made to the property. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the median home price, which stands at $605,100. Homeowners in Scotts Valley can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $4,368, while the 75th percentile tax bill reaches $11,280. At the 90th percentile, homeowners might see tax bills as high as $15,036. These property taxes can have a considerable impact on homeowners, influencing their overall housing costs and financial planning. The median tax bill in the area is $7,678, which is notably higher than the national median property tax rate of 0.99%, reflecting the higher property values in the region.
Average Scotts Valley Tax Bill
$7,694
Average Santa Cruz County Tax Bill
$6,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotts Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95066 | $1,579 | $4,358 | $7,678 | $11,263 | $14,951 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Santa Cruz Tax Assessor | |
| Website | sccounty01.co.santa-cruz.ca.us |