Lincoln, California Property Taxes
The median property tax rate in Lincoln, CA is 1.12%, 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 $474,000 in Lincoln, the typical annual property tax bill reaches $5,811, significantly exceeding the national median of $2,690. Property taxes in Lincoln are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lincoln'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 Lincoln 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
Lincoln, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$5,309
$5,014
Ownwell’s Lincoln Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Lincoln, CA. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Lincoln to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, allowing for better financial planning. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down for localized information. Remember, your property's assessed value is determined by the county for tax calculations and includes applicable exemptions.
Property Tax Rates Across Lincoln, California
Property taxes in Lincoln, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincoln is 1.12%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lincoln set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincoln 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 Lincoln's effective property tax rate to other counties in California and the national median. For comparison, the 95648 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Lincoln provides valuable insights into the varying tax landscape across Placer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lincoln Tax Rate
1.12%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95648 | 1.02% | 1.05% | 1.12% | 1.38% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln, California
In Lincoln, 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 Placer 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 Lincoln, 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 Lincoln helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Lincoln is $5,811, with the zip code 95648 having both the highest and lowest median tax bills.
Average Lincoln Assessed Value
$474,000
Average Placer County Assessed Value
$464,229
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95648 | $249,273 | $359,562 | $474,000 | $606,084 | $760,102 |
Source: Ownwell
Property Tax Bills Across Lincoln, California
In Lincoln, Placer County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the home. Homeowners in Lincoln face a median home price of $474,000, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates, any applicable exemptions, and additional levies for community services or improvements. For instance, the tax bill at the 25th percentile is $4,224, while at the 75th percentile, it rises to $7,768. The 90th percentile tax bill can reach up to $9,478. These property taxes fund essential services such as schools, infrastructure, and public safety. Homeowners in Lincoln should be aware that their tax bills can vary significantly based on their property's assessed value and any local tax policies, impacting their overall financial planning.
Average Lincoln Tax Bill
$5,811
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95648 | $2,742 | $4,224 | $5,811 | $7,768 | $9,478 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Placer Tax Assessor | |
| Website | common1.mptsweb.com |