El Macero, California Property Taxes
The median property tax rate in El Macero, CA is 1.58%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in El Macero at $798,928, the typical annual property tax bill reaches $12,494, significantly exceeding the national median of $2,690. Property taxes in El Macero 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 El Macero'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 El Macero 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
El Macero, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$12,623
$11,921
Ownwell’s EL MACERO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EL MACERO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EL MACERO 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 El Macero, California
Property taxes in El Macero, California, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in El Macero is 1.58%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within El Macero set these rates annually, and they can vary across different neighborhoods. Each year, El Macero estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 El Macero's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95618 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with El Macero provides valuable insights into the varying tax landscape across Yolo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average El Macero Tax Rate
1.58%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Macero, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | 1.35% | 1.45% | 1.58% | 1.86% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across El Macero, California
In EL MACERO, 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 Yolo County Appraisal District 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 EL MACERO, 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 EL MACERO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 95618, both at $12,494.
Average El Macero Assessed Value
$798,928
Average Yolo County Assessed Value
$366,325
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across El Macero, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $302,836 | $550,889 | $798,928 | $1,088,092 | $1,475,777 |
Source: Ownwell
Property Tax Bills Across El Macero, California
In El Macero, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Yolo County Assessor’s Office. The assessed value typically starts with the market value of the property at the time of purchase and is subject to annual increases limited by California's Proposition 13. This proposition caps the annual increase in assessed value at 2%, regardless of changes in market value. The median home price in El Macero stands at $798,928, contributing to a substantial tax bill. Homeowners in the 25th percentile can expect a tax bill around $9,724, while those in the 75th percentile may see bills as high as $15,949, and the 90th percentile reaching up to $20,469. These figures significantly exceed the national median property tax rate of 0.99%, reflecting the higher property values in the area. Consequently, high property taxes can impact homeowners by increasing their annual financial obligations, making it crucial for them to stay informed about potential tax relief options.
Average El Macero Tax Bill
$12,494
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across El Macero, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $6,784 | $9,724 | $12,494 | $15,949 | $20,469 |
Source: Ownwell