Soulsbyville, California Property Taxes
The median property tax rate in Soulsbyville, CA is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $247,075 in Soulsbyville, the typical annual property tax bill amounts to $2,642, slightly below the national median of $2,690. Property taxes in Soulsbyville are based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Soulsbyville's property tax system, leveraging available exemptions, and seeking opportunities for tax reductions can result in substantial yearly savings. Whether you're residing in Soulsbyville or investing in the area, a thorough understanding of the local property tax regulations can be highly beneficial.
Last Updated June 14, 2024
Soulsbyville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,644
$2,497
Ownwell’s Soulsbyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soulsbyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soulsbyville 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 Soulsbyville, California
Property taxes in Soulsbyville, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soulsbyville is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Soulsbyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soulsbyville 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 Soulsbyville's effective property tax rate to other areas in California and the national median. For comparison, the 95372 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Soulsbyville provides valuable insights into the varying tax landscape across Tuolumne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Soulsbyville Tax Rate
1.07%
Average Tuolumne County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soulsbyville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95372 | 1.03% | 1.06% | 1.07% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Soulsbyville, California
In Soulsbyville, 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 Tuolumne County Appraisal District 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 Soulsbyville, 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 Soulsbyville 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 in Soulsbyville is 95372, with a median tax bill of $2,642.
Property Tax Assessment Values Across Soulsbyville, California
Source: Ownwell
$87,604
$167,340
$247,075
Average Soulsbyville Assessed Value
$247,075
Average Tuolumne County Assessed Value
$197,472
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Soulsbyville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95372 | $102,981 | $163,405 | $247,075 | $334,755 | $408,520 |
Source: Ownwell
Property Tax Bills Across Soulsbyville, California
In Soulsbyville, located in Tuolumne County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Soulsbyville is $247,075. Property taxes in this area are influenced by several factors, including local tax rates and any applicable exemptions or deductions. Homeowners in Soulsbyville can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $1,677, while the 75th percentile tax bill is $3,588, and the 90th percentile tax bill is $4,564. These figures illustrate the range of property tax burdens that residents might face, depending on the assessed value of their homes. Compared to the national median property tax rate of 0.99%, the property tax bills in Soulsbyville can be relatively high, reflecting California's unique property tax regulations and the specific economic conditions of Tuolumne County. Understanding these factors can help homeowners anticipate and manage their annual property tax expenses effectively.
Average Soulsbyville Tax Bill
$2,642
Average Tuolumne County Tax Bill
$2,219
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Soulsbyville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95372 | $1,050 | $1,677 | $2,642 | $3,588 | $4,564 |
Source: Ownwell