Zamora, California Property Taxes
The median property tax rate in Zamora, CA is 1.03%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Zamora at $315,202, the typical annual property tax bill reaches $3,058, surpassing the national median of $2,690. Property taxes in Zamora are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Zamora'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 Zamora 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
Zamora, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$3,247
$3,066
Ownwell’s Zamora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zamora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zamora 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 Zamora, California
Property taxes in Zamora, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zamora is 1.03%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Zamora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zamora 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 Zamora's effective property tax rate to other areas in California and the national median. For comparison, the zip code 95698 has the highest median property tax rate of 1.03%, while it also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Zamora provides valuable insights into the varying tax landscape across Yolo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zamora Tax Rate
1.03%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zamora, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95698 | 1.00% | 1.02% | 1.03% | 1.04% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Zamora, California
In Zamora, 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 Yolo 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 Zamora, 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 Zamora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3058 in zip code 95698, while the lowest is also $3058 in the same zip code.
Average Zamora Assessed Value
$315,202
Average Yolo County Assessed Value
$366,325
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Zamora, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95698 | $113,253 | $155,968 | $315,202 | $424,388 | $658,103 |
Source: Ownwell
Property Tax Bills Across Zamora, California
In Zamora, located in Yolo County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Zamora, the median home price stands at $315,202. Property taxes in this region are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $1,656 and the 75th percentile reaching $4,263. At the 90th percentile, homeowners may see tax bills as high as $6,310. These variations highlight how differences in property values and local tax rates can impact the amount homeowners are required to pay. Compared to the national median property tax rate of 0.99%, the property tax rates in Zamora could be higher or lower depending on these assessed values and local levies, directly affecting homeowners' financial responsibilities.
Average Zamora Tax Bill
$3,058
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Zamora, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95698 | $1,129 | $1,656 | $3,058 | $4,263 | $6,310 |
Source: Ownwell