Silverado, California Property Taxes
The median property tax rate in Silverado, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $498,572, the typical annual property tax bill in Silverado reaches $5,294, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Silverado's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Silverado or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Silverado, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Silverado, California Tax Savings
Ownwell’s Silverado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Silverado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silverado to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Silverado. 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 Silverado, California
Property taxes in Silverado, CA, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Silverado is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Silverado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silverado 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 Silverado's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92676 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Silverado provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Silverado Tax Rate
1.06%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silverado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | 1.02% | 1.05% | 1.06% | 1.07% | 1.10% |
Source: Ownwell
$1,148
Average Silverado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Silverado, California
In Silverado, 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 Orange 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 Silverado, 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, the highest median tax bill in Silverado is found in the 92676 zip code, amounting to $5,294. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Silverado, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Silverado Assessed Value
$498,572
Average Orange County Assessed Value
$514,928
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Silverado, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | $80,734 | $242,002 | $498,572 | $790,220 | $1,328,349 |
Source: Ownwell
$1,148
Average Silverado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Silverado, California
In Silverado, located in Orange County, CA, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The median home price in Silverado is $498,572. Property tax rates in this area are influenced by local levies and voter-approved measures, leading to varying tax bills. For instance, the tax bill at the 25th percentile is $2,555, while at the 75th percentile, it rises to $8,362. The highest median tax bill in the region is $5,294, found in the 92676 zip code. Homeowners in Silverado can benefit significantly from appealing their property tax assessments. Ownwell offers expert property tax consulting services that help homeowners potentially reduce their tax liabilities. By analyzing market trends and comparable property values, Ownwell identifies opportunities for reassessment, ensuring homeowners pay only their fair share. This service can lead to substantial savings, providing financial relief and peace of mind.
Average Silverado Tax Bill
$5,294
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Silverado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92676 | $875 | $2,555 | $5,294 | $8,362 | $13,338 |
Source: Ownwell
$1,148
Average Silverado Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Orange Tax Assessor | |
| Phone | (714) 834-2331 |
| Website | assr.parcelquest.com |
| taxpayeradvocate@asr.ocgov.com | |
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