Wallace, Calaveras County, California Property Taxes

Name: Property Tax Bills Across Wallace, Calaveras County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wallace, CA effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Wallace, CA home value: $369,790
Median annual Wallace, CA tax bill: $4,595, $2,195 higher than the national median property tax bill of $2,400.

How are property taxes in Calaveras calculated?

Property taxes in Wallace, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wallace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wallace, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wallace, Calaveras County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$4,659

$4,324

Ownwell’s Wallace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wallace with just two data points. By entering your property's estimated assessed value, our calculator applies Wallace’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Calaveras County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wallace, Calaveras County, California

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws that play a role in setting tax rates and budgets, this is the basic annual process. In Wallace, located in Calaveras County, the effective property tax rate is 1.26%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the unique fiscal demands and property values in the area. When compared to other cities in California, Wallace's rate aligns with the highest median tax rates in the state. Understanding these differences is crucial for property owners who are navigating property tax appeals and exemptions. By grasping how these tax rates are determined, property owners can better manage their financial responsibilities and potentially reduce their tax burdens through informed appeals.

Property Tax Rates Across Wallace, Calaveras County, California

Source: Ownwell

1.12%

1.25%

1.37%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wallace Tax Rate

1.26%

Median Effective Calaveras County Tax Rate

1.18%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wallace, Calaveras County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
95252	N/A	N/A	N/A	N/A	N/A
95254	1.14%	1.21%	1.26%	1.32%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Wallace, Calaveras County, California

When examining property taxes in Wallace, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Calaveras County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Calaveras County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wallace. For example, the median home price in Wallace is $369,790, with tax bills ranging significantly across the county. Zip code 95254 has the highest median home price at $370,058.

Property Tax Assessment Values Across Wallace, Calaveras County, California

Source: Ownwell

$59,502

$214,780

$370,058

Median Wallace Market Value

$369,790

Median Calaveras County Market Value

$264,373

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wallace, Calaveras County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
95252	N/A	N/A	N/A	N/A	N/A
95254	$119,865	$257,769	$370,058	$436,540	$535,626

Source: Ownwell

Property Tax Bills Across Wallace, Calaveras County, California

In Wallace, located in Calaveras County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Wallace is $369,790, resulting in a median property tax bill that is higher than the national median of $2,400. Specifically, the median tax bill in Wallace is $4,616, which reflects the area's higher property values and tax rates. Homeowners in Wallace can face tax bills ranging from $3,283 at the 25th percentile to $6,281 at the 90th percentile, depending on their property's assessed value and location. Ownwell offers property tax appeal and exemption services that can help homeowners in Wallace potentially lower their tax bills. By challenging the assessed value of a home or applying for exemptions, Ownwell assists homeowners in reducing their financial burden, ensuring they pay only their fair share of property taxes.

Property Tax Bills Across Wallace, Calaveras County, California

Source: Ownwell

$886

$2,751

$4,616

Median Wallace Tax Bill

$4,595

Median Calaveras County Tax Bill

$3,038

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Wallace, Calaveras County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
95252	N/A	N/A	N/A	N/A	N/A
95254	$1,334	$3,336	$4,616	$5,455	$6,304

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Calaveras Tax Assessor
Website	common3.mptsweb.com