Esparto, California Property Taxes
The median property tax rate in Esparto, CA is 1.07%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Esparto at $262,467, the typical annual property tax bill reaches $2,704, surpassing the national median of $2,690. Property taxes in Esparto are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Esparto'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 Esparto 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
Esparto, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,808
$2,652
Ownwell’s Esparto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Esparto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Esparto 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 Esparto, California
Property taxes in Esparto, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Esparto is 1.07%, slightly higher than the U.S. national median of 0.99%. Local government entities within Esparto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Esparto 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 Esparto's effective property tax rate to other areas in Yolo County and the national median. For comparison, the zip code 95607 has the highest median property tax rate of 1.63%, while the zip code 95627 has the lowest median tax rate of 1.07%. Understanding how these areas compare with Esparto 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 Esparto Tax Rate
1.07%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Esparto, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
| 95627 | 1.02% | 1.05% | 1.07% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Esparto, California
In Esparto, 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 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 Esparto, 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 highest median tax bill in Esparto is $2,705 in the 95627 zip code, while the lowest is $1,602 in the 95607 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Esparto Assessed Value
$262,467
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 Esparto, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | $98,094 | $98,094 | $98,094 | $98,094 | $98,094 |
| 95627 | $102,123 | $176,246 | $262,938 | $380,947 | $501,806 |
Source: Ownwell
Property Tax Bills Across Esparto, California
In Esparto, located in Yolo County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the market value. Factors such as recent sales prices of similar properties, improvements made to the property, and overall market conditions are considered in this assessment. Homeowners in Esparto see a range of property tax bills. For instance, the tax bill at the 25th percentile is approximately $1,883, while at the 75th percentile, it climbs to around $3,940. At the 90th percentile, homeowners might face a tax bill as high as $5,271. Compared to the national median property tax rate of 0.99%, Esparto's property tax bills can vary significantly depending on the assessed value of the home. These property tax bills directly impact homeowners by influencing their annual housing costs. Higher assessed values lead to higher tax bills, which can affect the affordability and overall financial planning for homeowners in the area.
Average Esparto Tax Bill
$2,704
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Esparto, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | $1,602 | $1,602 | $1,602 | $1,602 | $1,602 |
| 95627 | $1,114 | $1,885 | $2,705 | $3,942 | $5,272 |
Source: Ownwell