Cool, California Property Taxes
The median property tax rate in COOL, CA is 1.03%, 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 COOL at $365,989, the typical annual property tax bill reaches $3,755, far exceeding the national median of $2,690. Property taxes in COOL 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 COOL'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 COOL 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
Cool, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$3,770
$3,560
Ownwell’s COOL Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in COOL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COOL to provide an estimate of your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cool, California
Property taxes in Cool, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cool is 1.03%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Cool set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cool 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 Cool's effective property tax rate to other counties in California and the national median. For comparison, the 95614 zip code has the highest median property tax rate of 1.03%, while the 95614 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Cool provides valuable insights into the varying tax landscape across El Dorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cool Tax Rate
1.03%
Average El Dorado County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cool, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95614 | 1.02% | 1.03% | 1.03% | 1.05% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Cool, California
In COOL, 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 El Dorado 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 COOL, 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 COOL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,755, found in the 95614 zip code.
Average Cool Assessed Value
$365,989
Average El Dorado County Assessed Value
$402,842
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cool, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95614 | $193,055 | $268,801 | $365,989 | $477,126 | $591,386 |
Source: Ownwell
Property Tax Bills Across Cool, California
In COOL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For homeowners in El Dorado County, the median home price is $365,989. The property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in COOL experience a range of tax bills, with the 25th percentile at $2,742 and the 75th percentile reaching $4,799. The 90th percentile tax bill can go up to $6,007. Factors such as property improvements, location, and market trends influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in COOL may find their tax bills to be relatively high or low depending on these variables. Understanding how these factors interplay can help homeowners anticipate their financial obligations and better manage their property investments.
Average Cool Tax Bill
$3,755
Average El Dorado County Tax Bill
$4,236
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cool, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95614 | $2,011 | $2,742 | $3,755 | $4,799 | $6,007 |
Source: 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 | |
|---|---|
| El Dorado Tax Assessor | |
| Website | parcel.edcgov.us |