South Lake Tahoe, California Property Taxes
The median property tax rate in South Lake Tahoe, CA, is 1.07%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in South Lake Tahoe at $369,790, the typical annual property tax bill reaches $3,873, significantly exceeding the national median of $2,690. Property taxes in South Lake Tahoe 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 South Lake Tahoe'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 South Lake Tahoe 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
South Lake Tahoe, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s South Lake Tahoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Lake Tahoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Lake Tahoe 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 South Lake Tahoe, California
Property taxes in South Lake Tahoe, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Lake Tahoe is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within South Lake Tahoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Lake Tahoe 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 South Lake Tahoe's effective property tax rate to other counties in California and the national median. For comparison, the 96150 zip code has the highest median property tax rate of 1.07%, while the 96150 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with South Lake Tahoe 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 South Lake Tahoe Tax Rate
1.07%
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 South Lake Tahoe, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96150 | 1.06% | 1.06% | 1.07% | 1.10% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across South Lake Tahoe, California
In South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe 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 $3,873, found in the 96150 zip code.
Property Tax Assessment Values Across South Lake Tahoe, California
Source: Ownwell
$10,234
$319,944
$629,654
Average South Lake Tahoe Assessed Value
$369,790
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 South Lake Tahoe, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96150 | $124,347 | $209,774 | $369,828 | $573,699 | $830,716 |
Source: Ownwell
Property Tax Bills Across South Lake Tahoe, California
In South Lake Tahoe, located in El Dorado County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The median home price in South Lake Tahoe is $369,790, and the property tax rate in California is generally around 1%, slightly higher than the national median of 0.99%. Several factors influence the property tax bill, including property improvements, market conditions, and local government budgets. For homeowners, this means that any increase in their home's assessed value due to renovations or rising market prices can lead to higher property taxes. In South Lake Tahoe, the property tax bill ranges widely, with the 25th percentile at $2,230, the 75th percentile at $5,860, and the 90th percentile reaching $8,474. The highest and lowest median tax bills in the area are both $3,873, highlighting the variability within the region.
Average South Lake Tahoe Tax Bill
$3,873
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 South Lake Tahoe, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96150 | $1,379 | $2,230 | $3,873 | $5,860 | $8,474 |
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 |