Camino, California Property Taxes
The median property tax rate in Camino, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $341,700 in Camino, the typical annual property tax bill amounts to $3,488, surpassing the national median of $2,690. Property taxes in Camino are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Camino'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 Camino 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
Camino, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,588
$3,388
Ownwell’s Camino Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camino with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camino 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 Camino, California
Property taxes in Camino, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Camino is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Camino set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camino 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 Camino's effective property tax rate to other regions and the national median. For comparison, the zip code 95709 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Camino provides valuable insights into the varying tax landscape across El Dorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camino Tax Rate
1.05%
Average El Dorado County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camino, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95709 | 1.04% | 1.04% | 1.05% | 1.07% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Camino, California
In Camino, 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 El Dorado 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 Camino, 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 Camino helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95709 has both the highest and lowest median tax bill at $3,488.
Average Camino Assessed Value
$341,700
Average El Dorado County Assessed Value
$402,842
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camino, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95709 | $125,773 | $219,300 | $341,700 | $480,000 | $629,004 |
Source: Ownwell
Property Tax Bills Across Camino, California
In Camino, located in El Dorado County, CA, property tax bills are determined based on the assessed value of a home, which is often influenced by the market value. The median home price in Camino is $341,700. The property tax rate in Camino is calculated by applying the local tax rate to the assessed value. For instance, the tax bill for the 25th percentile is $2,213, while for the 75th percentile, it is $4,942, and the 90th percentile tax bill reaches $6,492. These figures show the range of property tax bills that homeowners might expect, reflecting the varying property values within the area. The highest and lowest median tax bill in Camino both stand at $3,488, indicating a consistent tax rate across different properties. This method of calculation ensures that homeowners contribute to local services proportionally to their property's assessed value, impacting their annual financial planning and overall cost of homeownership. By understanding these factors, homeowners in Camino can better anticipate their property tax responsibilities.
Average Camino Tax Bill
$3,488
Average El Dorado County Tax Bill
$4,236
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Camino, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95709 | $1,318 | $2,213 | $3,488 | $4,942 | $6,492 |
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 |
Links | |
|---|---|
| El Dorado Tax Assessor | |
| Website | parcel.edcgov.us |