Mount Aukum, California Property Taxes
The median property tax rate in Mount Aukum, CA is 1.04%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Mount Aukum at $328,234, the typical annual property tax bill reaches $3,699, exceeding the national median of $2,690. Property taxes in Mount Aukum 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 Mount Aukum'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 Mount Aukum 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
Mount Aukum, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,414
$3,224
Ownwell’s Mount Aukum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Aukum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Aukum 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 Mount Aukum, California
Property taxes in Mount Aukum, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Aukum is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Mount Aukum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Aukum 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 Mount Aukum's effective property tax rate to other areas in California and the national median. For comparison, the 95656 zip code has the highest median property tax rate of 1.05%, while the 95629 zip code has the lowest median tax rate of 1.04%. Understanding how these areas compare with Mount Aukum 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 Mount Aukum Tax Rate
1.04%
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 Mount Aukum, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95629 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 95656 | 0.98% | 1.03% | 1.05% | 1.12% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mount Aukum, California
In Mount Aukum, 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 Mount Aukum, 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 Mount Aukum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $5,333 in zip code 95629, while the lowest is $3,380 in zip code 95656.
Average Mount Aukum Assessed Value
$328,234
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 Mount Aukum, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95629 | $472,820 | $487,582 | $512,187 | $536,792 | $551,554 |
| 95656 | $153,027 | $195,524 | $295,431 | $328,234 | $373,676 |
Source: Ownwell
Property Tax Bills Across Mount Aukum, California
In Mount Aukum, located in El Dorado County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the county assessor. This assessed value is influenced by factors such as the property's market value, any improvements made, and comparable property sales in the area. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Mount Aukum, the median home price is $328,234. Property tax bills can vary significantly, with the 25th percentile at $2,432 and the 75th percentile reaching $4,715. The highest median tax bill in the area is $5,333, found in the 95629 zip code, while the lowest is $3,380 in the 95656 zip code. These figures illustrate the range of possible tax obligations homeowners may face, which can impact their financial planning and overall cost of homeownership. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax burdens.
Average Mount Aukum Tax Bill
$3,699
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 Mount Aukum, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95629 | $4,934 | $5,083 | $5,333 | $5,582 | $5,732 |
| 95656 | $1,697 | $2,075 | $3,380 | $3,699 | $4,111 |
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 |