Concord, California Property Taxes
The median property tax rate in Concord, CA is 1.33%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Concord, the typical annual property tax bill reaches $5,159, exceeding the national median of $2,690. Property taxes in Concord 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 Concord'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 Concord 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
Concord, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$5,120
$4,751
$1,148
Average Tax Savings
Ownwell’s Concord Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concord with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concord to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Concord. 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 Concord, California
Property taxes in Concord, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concord is 1.33%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Concord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concord 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 Concord's effective property tax rate to other counties in California and the national median. For comparison, the 94520 zip code has the highest median property tax rate of 1.41%, while the 94521 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Concord provides valuable insights into the varying tax landscape across Contra Costa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concord Tax Rate
1.33%
Average Contra Costa County Tax Rate
1.36%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concord, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94518 | 1.20% | 1.23% | 1.31% | 1.47% | 1.81% |
| 94519 | 1.23% | 1.25% | 1.33% | 1.49% | 1.85% |
| 94520 | 1.25% | 1.29% | 1.41% | 1.61% | 2.00% |
| 94521 | 1.20% | 1.23% | 1.31% | 1.44% | 1.73% |
Source: Ownwell
$1,148
Average Concord Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Concord, California
In Concord, 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 Contra Costa County Assessor's Office 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 Concord, 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 Concord helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Concord is $5,571 in the 94521 zip code, while the lowest median tax bill is $4,058 in the 94520 zip code.
Average Concord Assessed Value
$384,948
Average Contra Costa County Assessed Value
$485,124
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concord, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94518 | $111,352 | $222,005 | $404,071 | $672,831 | $871,903 |
| 94519 | $115,861 | $234,947 | $393,599 | $592,752 | $712,674 |
| 94520 | $86,750 | $170,395 | $284,017 | $466,330 | $619,038 |
| 94521 | $139,400 | $262,296 | $424,371 | $677,490 | $862,274 |
Source: Ownwell
$1,148
Average Concord Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Concord, California
In Concord, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Contra Costa County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, any improvements made, and the overall real estate market trends in the area. Homeowners in Concord face varying tax bills, with the 25th percentile at $3,333 and the 75th percentile reaching $7,763. The highest median tax bill in the area is $5,571, while the lowest is $4,058, reflecting the differences in property values across zip codes. Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies or overvaluations, Ownwell ensures that homeowners are not overpaying on their property taxes. This can lead to significant savings, easing the financial burden on homeowners.
Average Concord Tax Bill
$5,159
Average Contra Costa County Tax Bill
$6,706
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Concord, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94518 | $2,059 | $3,321 | $5,346 | $8,363 | $10,568 |
| 94519 | $2,121 | $3,455 | $5,246 | $7,491 | $8,822 |
| 94520 | $1,855 | $2,791 | $4,058 | $6,148 | $7,814 |
| 94521 | $2,393 | $3,750 | $5,571 | $8,387 | $10,469 |
Source: Ownwell
$1,148
Average Concord Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Contra Costa Tax Assessor | |
| Website | www.contracosta.ca.gov |
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