Georgetown, California Property Taxes
The median property tax rate in Georgetown, CA is 1.09%, 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 $262,142, the typical annual property tax bill in Georgetown reaches $2,741, which is just above the national median of $2,690. Property taxes in Georgetown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Georgetown'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 Georgetown 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
Georgetown, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgetown 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 Georgetown, California
Property taxes in Georgetown, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other counties in California and the national median. For comparison, the 95634 zip code has the highest median property tax rate of 1.09%, while the 95634 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Georgetown 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 Georgetown Tax Rate
1.09%
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 Georgetown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95634 | 1.05% | 1.07% | 1.09% | 1.13% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Georgetown, California. 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 Georgetown, 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. For instance, the median home price in Georgetown is $262,142, with the 25th percentile tax bill at $1,809 and the 75th percentile at $3,734. The highest and lowest median tax bills, both at $2,741, are found in zip code 95634. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgetown Assessed Value
$262,142
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 Georgetown, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95634 | $95,307 | $164,274 | $262,142 | $364,619 | $457,065 |
Source: Ownwell
Property Tax Bills Across Georgetown, California
In Georgetown, California, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is often a percentage of the market value of the property. For example, with a median home price of $262,142, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $1,809, while those in the 75th percentile might see bills up to $3,734. The 90th percentile tax bill can reach as high as $4,732. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Georgetown's property tax bills reflect the local economic conditions and housing market. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by supporting community resources and services.
Average Georgetown Tax Bill
$2,741
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 Georgetown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95634 | $1,123 | $1,809 | $2,741 | $3,734 | $4,732 |
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 |