Soledad, California Property Taxes
The median property tax rate in Soledad, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Soledad, the typical annual property tax bill reaches $3,622, exceeding the national median of $2,690. Property taxes in Soledad 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 Soledad'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 Soledad 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
Soledad, 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 Soledad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soledad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soledad 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 Soledad, California
Property taxes in Soledad, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soledad is 1.22%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Soledad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soledad 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 Soledad's effective property tax rate to other counties in California and the national median. For comparison, the 93960 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Soledad provides valuable insights into the varying tax landscape across Monterey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Soledad Tax Rate
1.22%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soledad, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93960 | 1.14% | 1.18% | 1.22% | 1.38% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Soledad, California
In Soledad, 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 Monterey County Assessor's Office 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 Soledad, 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 Soledad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Soledad is $289,474, with the highest median tax bill recorded at $3,624 in the 93960 zip code, which also has the lowest median tax bill.
Average Soledad Assessed Value
$289,474
Average Monterey County Assessed Value
$410,665
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Soledad, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93960 | $81,586 | $189,362 | $289,474 | $441,132 | $546,485 |
Source: Ownwell
Property Tax Bills Across Soledad, California
In Soledad, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the Monterey County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The tax rate in Soledad aligns closely with the California state average, but it can vary slightly depending on specific local levies and voter-approved measures. For homeowners, several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and additional local taxes. The median home price in Soledad stands at $289,474, and property tax bills can range widely. For instance, the 25th percentile tax bill is $2,157, while the 75th percentile reaches $5,584, and the 90th percentile can be as high as $6,940. Compared to the national median property tax rate of 0.99%, Soledad homeowners may find their tax obligations to be relatively moderate, yet still significant enough to impact annual budgeting and long-term financial planning.
Average Soledad Tax Bill
$3,622
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Soledad, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93960 | $812 | $2,158 | $3,624 | $5,585 | $6,940 |
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 |
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