El Dorado, California Property Taxes
The median property tax rate in El Dorado, CA is 1.04%, 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 El Dorado, the typical annual property tax bill reaches $3,607, surpassing the national median of $2,690. Property taxes in El Dorado are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like the primary residence exemption. Understanding El Dorado'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 El Dorado 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
El Dorado, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,620
$3,360
Ownwell’s El Dorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Dorado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Dorado 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 El Dorado, California
Property taxes in El Dorado, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Dorado is 1.04%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within El Dorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Dorado 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 El Dorado's effective property tax rate to other counties in California and the national median. For comparison, the 95623 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with El Dorado 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 El Dorado Tax Rate
1.04%
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 El Dorado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95623 | 1.01% | 1.02% | 1.04% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across El Dorado, California
In El Dorado, 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 El Dorado, 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 El Dorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 95623, with a median tax bill of $3,607.
Average El Dorado Assessed Value
$348,102
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 El Dorado, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95623 | $150,932 | $228,751 | $348,102 | $488,122 | $624,188 |
Source: Ownwell
Property Tax Bills Across El Dorado, California
In El Dorado, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions can influence the assessed value. Homeowners in El Dorado typically see a range of property tax bills. For example, the tax bill at the 25th percentile is $2,353, while at the 75th percentile, it rises to $5,012, and at the 90th percentile, it can reach up to $6,340. The median home price in El Dorado stands at $348,102, and the highest median tax bill in the county is $3,607, found in the 95623 zip code. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average El Dorado Tax Bill
$3,607
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 El Dorado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95623 | $1,540 | $2,353 | $3,607 | $5,012 | $6,340 |
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 |