Ione, California Property Taxes
The median property tax rate in Ione, CA is 0.99%, aligning with the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Ione, the typical annual property tax bill reaches $2,849, which is slightly above the national median of $2,690. Property taxes in Ione are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ione'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 Ione 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
Ione, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,953
$2,740
Ownwell’s Ione Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ione with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ione 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 Ione, California
Property taxes in Ione, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ione is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Ione set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ione 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 Ione's effective property tax rate to other areas in California and the national median. For comparison, the zip code 95640 has a median property tax rate of 0.99%. Understanding how these areas compare with Ione provides valuable insights into the varying tax landscape across Amador County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ione Tax Rate
0.99%
Average Amador County Tax Rate
0.99%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ione, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95640 | 0.85% | 0.97% | 0.99% | 1.03% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Ione, California
In Ione, 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 Amador 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 Ione, 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 Ione helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ione is $298,290, with tax bills ranging from $1,536 at the 25th percentile to $5,532 at the 90th percentile. The zip code 95640 has the highest and lowest median tax bill at $2,849.
Average Ione Assessed Value
$298,290
Average Amador County Assessed Value
$271,936
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ione, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95640 | $78,018 | $176,780 | $298,290 | $414,838 | $511,036 |
Source: Ownwell
Property Tax Bills Across Ione, California
In Ione, located in Amador County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the market value at the time of purchase or reassessment. The property tax rate in this area aligns closely with the national median property tax rate of 0.99%. For a median home price of $298,290, homeowners in Ione can expect their annual property tax bill to range significantly. At the 25th percentile, the tax bill is around $1,536, while at the 75th percentile, it rises to approximately $4,239. In some cases, it can go as high as $5,532, representing the 90th percentile. Several factors influence these variations, including property improvements, neighborhood developments, and changes in market conditions. For homeowners, this means that property taxes can be a substantial annual expense, impacting overall housing affordability. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Ione Tax Bill
$2,849
Average Amador County Tax Bill
$2,613
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ione, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95640 | $649 | $1,536 | $2,849 | $4,239 | $5,532 |
Source: Ownwell