Vacaville, California Property Taxes
The median property tax rate in Vacaville, CA is 1.17%, which is notably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value in Vacaville of $375,193, the typical annual property tax bill reaches $4,457, significantly exceeding the national median of $2,690. Property taxes in Vacaville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Vacaville'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 Vacaville 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
Vacaville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,390
$4,146
Ownwell’s Vacaville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Vacaville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vacaville 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 Solano County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Vacaville, California
Property taxes in Vacaville, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vacaville is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Vacaville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vacaville 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 Vacaville's effective property tax rate to other areas in Solano County and the national median. For comparison, the 95687 zip code has the highest median property tax rate of 1.17%, while the 95688 zip code has the lowest median tax rate of 1.17%. Understanding how these areas compare with Vacaville provides valuable insights into the varying tax landscape across Solano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vacaville Tax Rate
1.17%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vacaville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95687 | 1.10% | 1.15% | 1.17% | 1.24% | 1.51% |
| 95688 | 1.10% | 1.14% | 1.17% | 1.20% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Vacaville, California
In Vacaville, 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 Solano 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 Vacaville, 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 Vacaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Vacaville is $4,849 in the 95688 zip code, while the lowest median tax bill is $4,254 in the 95687 zip code. By comparing these figures to the national median property tax rate of 0.99%, homeowners can gain a clearer perspective on their local tax obligations.
Property Tax Assessment Values Across Vacaville, California
Source: Ownwell
$99,785
$2,308,375
$4,516,964
Average Vacaville Assessed Value
$375,193
Average Solano County Assessed Value
$342,310
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vacaville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95687 | $150,590 | $234,038 | $356,292 | $481,787 | $590,000 |
| 95688 | $131,182 | $255,010 | $410,640 | $561,000 | $735,047 |
Source: Ownwell
Property Tax Bills Across Vacaville, California
In Vacaville, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Solano County Assessor's Office. This assessed value is typically a percentage of the property's market value. Homeowners in Vacaville see a median home price of $375,193, and their tax bills reflect this valuation. The property tax rate in Vacaville is influenced by various factors including local tax levies and voter-approved measures. For example, the 25th percentile of tax bills in Vacaville is $2,854, while the 75th percentile reaches $6,307. At the 90th percentile, homeowners could see tax bills as high as $8,405. This system ensures that property taxes are proportionate to the value of the property, which can significantly impact homeowners, especially those with higher-value properties. In comparison to the national median property tax rate of 0.99%, Vacaville's property tax bills can be relatively high, reflecting the area's property values and local tax policies.
Average Vacaville Tax Bill
$4,457
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Vacaville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95687 | $1,768 | $2,773 | $4,254 | $5,919 | $8,257 |
| 95688 | $1,561 | $3,029 | $4,849 | $6,837 | $8,779 |
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 |
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