Hercules, California Property Taxes
The median property tax rate in Hercules, CA is 1.62%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Hercules at $436,888, the typical annual property tax bill reaches $7,103, far exceeding the national median of $2,690. Property taxes in Hercules 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 Hercules'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 Hercules 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
Hercules, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$7,078
$6,684
$1,148
Average Hercules, California Tax Savings
Ownwell’s Hercules Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hercules with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hercules to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Hercules. 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 Hercules, California
Property taxes in Hercules, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hercules is 1.62%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Hercules set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hercules 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 Hercules's effective property tax rate to other counties in California and the national median. For comparison, the 94547 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Hercules provides valuable insights into the varying tax landscape across Contra Costa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hercules Tax Rate
1.62%
Average Contra Costa County Tax Rate
1.36%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hercules, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94547 | 1.48% | 1.54% | 1.62% | 1.76% | 1.96% |
Source: Ownwell
$1,148
Average Hercules Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hercules, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hercules, CA. 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 Contra Costa 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 Hercules, 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 Hercules helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hercules is $436,888, with median tax bills ranging from $5,197 to $12,642. The zip code 94547 has both the highest and lowest median tax bill at $7,103.
Property Tax Assessment Values Across Hercules, California
Source: Ownwell
$16,243
$1,002,640
$1,989,037
Average Hercules Assessed Value
$436,888
Average Contra Costa County Assessed Value
$485,124
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hercules, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94547 | $206,000 | $300,587 | $436,888 | $655,000 | $817,000 |
Source: Ownwell
$1,148
Average Hercules Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hercules, California
Property tax bills in Hercules, Contra Costa County, CA, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The county then applies its tax rate to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Hercules, the median home price is $436,888, leading to a median tax bill that can vary significantly. For example, the tax bill at the 25th percentile is $5,197, while at the 75th percentile, it reaches $10,009, and at the 90th percentile, it climbs to $12,642. This variability can heavily impact homeowners' financial obligations. Ownwell helps homeowners in Hercules save on their property tax bills by providing expert property tax appeal and exemption services. By assessing your property's value and identifying potential discrepancies, Ownwell can assist in reducing your assessed value, thereby lowering your tax bill. This professional guidance can result in significant savings, ensuring you only pay your fair share.
Average Hercules Tax Bill
$7,103
Average Contra Costa County Tax Bill
$6,706
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hercules, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94547 | $3,944 | $5,197 | $7,103 | $10,009 | $12,642 |
Source: Ownwell
$1,148
Average Hercules Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Contra Costa Tax Assessor | |
| Website | www.contracosta.ca.gov |
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