Folsom, California Property Taxes
The median property tax rate in Folsom, CA is 1.11%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $517,838 in Folsom, the typical annual property tax bill amounts to $5,779, significantly surpassing the national median of $2,690. Property taxes in Folsom are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Folsom's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Folsom 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
Folsom, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$5,748
$5,429
$1,148
Average Folsom, California Tax Savings
Ownwell’s Folsom Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Folsom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Folsom to provide an estimated property tax bill. This insightful tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can aid in reducing property taxes in Folsom. 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 Folsom, California
Property taxes in Folsom, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Folsom is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Folsom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Folsom 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 Folsom's effective property tax rate to other counties in California and the national median. For comparison, the 95630 zip code has the highest median property tax rate of 1.11%, while the 95630 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Folsom provides valuable insights into the varying tax landscape across Sacramento County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Folsom Tax Rate
1.11%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Folsom, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95630 | 1.04% | 1.08% | 1.11% | 1.21% | 1.35% |
Source: Ownwell
$1,148
Average Folsom Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Folsom, California
In Folsom, 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 Sacramento 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 Folsom, 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 example, the highest median tax bill in Folsom is $5,779 in the 95630 zip code. Being aware of these valuation processes in Folsom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Folsom Assessed Value
$517,838
Average Sacramento County Assessed Value
$315,351
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Folsom, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95630 | $265,590 | $374,148 | $517,838 | $673,200 | $839,728 |
Source: Ownwell
$1,148
Average Folsom Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Folsom, California
In Folsom, located in Sacramento County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Folsom is $517,838. Property tax rates in Folsom align with the state of California's standard rate of approximately 1%, slightly higher than the national median property tax rate of 0.99%. This means homeowners can expect to pay around 1% of their property’s assessed value annually, resulting in a median tax bill of $5,779. However, tax bills can vary significantly, with the 25th percentile at $4,098 and the 75th percentile at $7,824, going up to $10,530 for the 90th percentile. Ownwell can assist homeowners in Folsom by appealing inaccurate assessments and identifying potential exemptions. By leveraging expert knowledge and local market data, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average Folsom Tax Bill
$5,779
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Folsom, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95630 | $2,895 | $4,098 | $5,779 | $7,824 | $10,530 |
Source: Ownwell
$1,148
Average Folsom 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 | |
|---|---|
| Sacramento Tax Assessor | |
| Website | assessorparcelviewer.saccounty.gov |
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