Placerville, California Property Taxes
The median property tax rate in Placerville, CA is 1.05%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Placerville, the typical annual property tax bill reaches $3,433, exceeding the national median of $2,690. Property taxes in Placerville 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 Placerville'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 Placerville 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
Placerville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,477
$3,227
Ownwell’s Placerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placerville 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 Placerville, California
Property taxes in Placerville, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Placerville is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Placerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placerville 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 Placerville's effective property tax rate to other areas in California and the national median. For comparison, the zip code 95667 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these rates compare with Placerville 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 Placerville Tax Rate
1.05%
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 Placerville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | 1.01% | 1.03% | 1.05% | 1.07% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Placerville, California
In Placerville, 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 Placerville, 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 Placerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $3,433 in zip code 95667.
Average Placerville Assessed Value
$331,163
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 Placerville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | $131,644 | $215,485 | $331,163 | $466,140 | $628,844 |
Source: Ownwell
Property Tax Bills Across Placerville, California
In Placerville, property tax bills are calculated based on the assessed value of the property, which is determined by the El Dorado County Assessor's Office. The assessed value is typically a percentage of the property's market value, and this forms the basis for the tax rate application. The median home price in Placerville is $331,163, and property tax rates in the area can vary. For instance, homeowners in the 25th percentile can expect a tax bill around $2,240, while those in the 75th percentile might see bills as high as $4,805. At the 90th percentile, tax bills can reach up to $6,487. The highest and lowest median tax bills in Placerville are both recorded at $3,433 in the 95667 zip code. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These taxes fund essential public services, impacting homeowners by influencing their annual financial planning and overall cost of homeownership.
Average Placerville Tax Bill
$3,433
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 Placerville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | $1,385 | $2,240 | $3,433 | $4,805 | $6,487 |
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 |