Knights Landing, California Property Taxes
The median property tax rate in Knights Landing, CA is 1.04%, 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 Knights Landing at $180,742, the typical annual property tax bill is $1,897, which is below the national median of $2,690. Property taxes in Knights Landing are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Knights Landing'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 Knights Landing 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
Knights Landing, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,880
$1,775
Ownwell’s Knights Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knights Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knights Landing 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 Knights Landing, California
Property taxes in Knights Landing, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knights Landing is 1.04%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Knights Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knights Landing 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 Knights Landing's effective property tax rate to other counties in California and the national median. For comparison, the 95645 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Knights Landing 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 Knights Landing Tax Rate
1.04%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | 0.99% | 1.01% | 1.04% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Knights Landing, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Knights Landing, California. 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 Knights Landing, 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 Knights Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Knights Landing are both $1,897, found in the zip code 95645.
Property Tax Assessment Values Across Knights Landing, California
Source: Ownwell
$58,753
$465,824
$872,895
Average Knights Landing Assessed Value
$180,742
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 Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | $58,878 | $106,194 | $180,742 | $276,487 | $382,031 |
Source: Ownwell
Property Tax Bills Across Knights Landing, California
In Knights Landing, CA, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. The median home price in Knights Landing stands at $180,742. Homeowners in Knights Landing can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $1,113, while the 75th percentile reaches $2,730, and the 90th percentile climbs to $3,909. These figures indicate a range of possible tax bills depending on the specific property and exemptions applied. Comparatively, the highest and lowest median tax bills in the area are both $1,897, which aligns with the median property tax rate in Yolo County. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Knights Landing Tax Bill
$1,897
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | $597 | $1,113 | $1,897 | $2,730 | $3,909 |
Source: Ownwell