Echo Lake, California Property Taxes
The median property tax rate in Echo Lake, CA is 1.11%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Echo Lake of $208,080, the typical annual property tax bill amounts to $2,063, which is below the national median of $2,690. Property taxes in Echo Lake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Echo Lake'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 Echo Lake or another part of El Dorado County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Echo Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,310
$2,181
Ownwell’s Echo Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Echo Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Echo Lake 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 Echo Lake, California
Property taxes in Echo Lake, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Echo Lake is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Echo Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Echo Lake 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 Echo Lake's effective property tax rate to other counties in California and the national median. For comparison, the 95721 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Echo Lake 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 Echo Lake Tax Rate
1.11%
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 Echo Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95721 | 0.92% | 1.07% | 1.11% | 1.17% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Echo Lake, California
In Echo Lake, 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 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 Echo Lake, 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. For instance, Echo Lake's highest median tax bill is $2063 in the 95721 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Echo Lake Assessed Value
$208,080
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 Echo Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95721 | $50,291 | $109,568 | $208,080 | $441,534 | $731,340 |
Source: Ownwell
Property Tax Bills Across Echo Lake, California
In Echo Lake, property tax bills are calculated based on the assessed value of the home, which is determined by the El Dorado County Assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Echo Lake, the median home price stands at $208,080. Property tax rates in the area are influenced by various factors, including local government budgets, school district funding, and public services. Homeowners in Echo Lake can expect property tax bills that vary significantly. For example, the tax bill at the 25th percentile is $1,281, while at the 75th percentile, it goes up to $4,719. The tax bill at the 90th percentile reaches $5,537. The highest median tax bill recorded in the area is $2,063, which is notably higher than the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to the overall cost of homeownership, influencing budgeting and financial planning. Understanding these factors can help homeowners better anticipate their annual expenses.
Average Echo Lake Tax Bill
$2,063
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 Echo Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95721 | $618 | $1,281 | $2,063 | $4,719 | $5,537 |
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 |