Volcano, California Property Taxes
The median property tax rate in Volcano, CA is 0.99%, aligning with the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Volcano at $290,032, the typical annual property tax bill is $2,758, slightly below the national median of $2,690. Property taxes in Volcano are calculated based on the tax assessed value, which often falls below market value due to exemptions like the primary residence exemption. Understanding Volcano'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 Volcano 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
Volcano, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,871
$2,712
Ownwell’s Volcano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Volcano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Volcano 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 Volcano, California
Property taxes in Volcano, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Volcano is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Volcano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Volcano 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 Volcano's effective property tax rate to other counties in California and the national median. For comparison, the 95689 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Volcano provides valuable insights into the varying tax landscape across Amador County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Volcano Tax Rate
0.99%
Average Amador County Tax Rate
0.99%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Volcano, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95689 | 0.98% | 0.99% | 0.99% | 1.02% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Volcano, California
In Volcano, 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 Amador 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 Volcano, 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 Volcano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code with the highest and lowest median tax bill in Volcano is 95689, with a median tax bill of $2,758. The 25th percentile tax bill is $1,843, while the 75th percentile tax bill is $3,957, and the 90th percentile tax bill is $5,364.
Average Volcano Assessed Value
$290,032
Average Amador County Assessed Value
$271,936
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Volcano, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95689 | $112,696 | $188,880 | $290,032 | $410,000 | $542,653 |
Source: Ownwell
Property Tax Bills Across Volcano, California
In Volcano, located in Amador County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the county assessor. The assessed value is often a percentage of the property's market value. In this region, the median home price stands at $290,032. Property tax rates in Volcano can vary, but they generally align with the California state average, which is around 0.76%, lower than the national median of 0.99%. Homeowners in Volcano can expect their property tax bills to fall within a range, with the 25th percentile paying around $1,843 and the 75th percentile facing bills up to $3,957. The highest median tax bill in the area is $2,758, which is consistent across the zip code 95689. These taxes are crucial for funding local services, such as schools, infrastructure, and emergency services, impacting the overall quality of life for residents. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Volcano Tax Bill
$2,758
Average Amador County Tax Bill
$2,613
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Volcano, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95689 | $1,077 | $1,843 | $2,758 | $3,957 | $5,364 |
Source: Ownwell