Livermore, California Property Taxes
The median property tax rate in Livermore, CA is 1.13%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Livermore at $768,074, the typical annual property tax bill reaches $8,715, significantly exceeding the national median of $2,690. Property taxes in Livermore 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 Livermore'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 Livermore 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
Livermore, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Livermore, California Tax Savings
Ownwell’s Livermore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livermore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livermore 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 Livermore. 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 Livermore, California
Property taxes in Livermore, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livermore is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Livermore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livermore 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 Livermore's effective property tax rate to other counties in California and the national median. For comparison, the 94550 zip code has the highest median property tax rate of 1.18%, while 94551 has the lowest median tax rate of 1.13%. Understanding how these cities compare with Livermore 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 Livermore Tax Rate
1.13%
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 Livermore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94550 | 1.15% | 1.16% | 1.18% | 1.54% | 1.75% |
| 94551 | 1.12% | 1.12% | 1.13% | 1.14% | 1.16% |
Source: Ownwell
$1,148
Average Livermore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Livermore, California
In Livermore, 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 Appraisal District 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 Livermore, 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 Livermore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Livermore is $11,006 in zip code 94551, while the lowest is $3,073 in zip code 94550.
Property Tax Assessment Values Across Livermore, California
Source: Ownwell
$16,243
$1,002,640
$1,989,037
Average Livermore Assessed Value
$768,074
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 Livermore, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94550 | $70,487 | $141,568 | $260,036 | $400,251 | $484,380 |
| 94551 | $374,456 | $489,957 | $973,640 | $1,413,389 | $1,870,308 |
Source: Ownwell
$1,148
Average Livermore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Livermore, California
In Livermore, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Contra Costa County Assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Livermore is $768,074, leading to varying tax bills across the city. Homeowners in the 25th percentile pay around $5,158, while those in the 75th percentile face bills up to $15,744. The highest median tax bill in the area is $11,006 in zip code 94551, whereas the lowest is $3,073 in zip code 94550. These tax bills can significantly impact homeowners, especially given that the national median property tax rate is 0.99%. Ownwell helps homeowners save on their property tax bills by offering professional property tax appeal and exemption services. By identifying potential inaccuracies in property assessments and navigating the appeal process, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Livermore Tax Bill
$8,715
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 Livermore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94550 | $965 | $1,756 | $3,073 | $4,636 | $5,574 |
| 94551 | $4,286 | $5,596 | $11,006 | $15,928 | $21,056 |
Source: Ownwell
$1,148
Average Livermore 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 | December 2 |
| 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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