Davis, California Property Taxes
The median property tax rate in Davis, CA is 1.14%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Davis at $817,045, the typical annual property tax bill reaches $9,340, exceeding the national median of $2,690. Property taxes in Davis 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 Davis'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 Davis 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
Davis, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$9,314
$8,796
Ownwell’s Davis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davis 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 Davis, California
Property taxes in Davis, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davis is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Davis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davis 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 Davis's effective property tax rate to other counties in California and the national median. For comparison, the 95618 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Davis provides valuable insights into the varying tax landscape across Solano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davis Tax Rate
1.14%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | 1.12% | 1.12% | 1.14% | 1.18% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Davis, California
In Davis, CA, 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 Solano 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 Davis, 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 Davis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 95618 has the highest and lowest median tax bill at $9,340. The 25th percentile tax bill is $5,798, while the 75th percentile tax bill is $11,870, and the 90th percentile tax bill is $18,332.
Average Davis Assessed Value
$817,045
Average Solano County Assessed Value
$342,310
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $333,571 | $462,831 | $817,045 | $1,058,154 | $1,591,415 |
Source: Ownwell
Property Tax Bills Across Davis, California
In Davis, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The median home price in Davis is $817,045, and the property tax rate in this area is determined by local government policies. Homeowners in Davis can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $5,798, while those in the 75th percentile pay around $11,870. At the higher end, the 90th percentile tax bill reaches $18,332. Factors such as property improvements, location, and changes in market conditions can influence the assessed value and, consequently, the tax bill. In Davis, the highest and lowest median tax bills are both $9,340, specifically in the 95618 zip code. Compared to the national median property tax rate of 0.99%, Davis homeowners may experience higher tax bills, reflecting the area's higher property values. This can significantly impact homeowners, affecting their overall financial planning and housing affordability.
Average Davis Tax Bill
$9,340
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $4,143 | $5,798 | $9,340 | $11,870 | $18,332 |
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 |
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