Tahoma, California Property Taxes
The median property tax rate in Tahoma, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Tahoma, the typical annual property tax bill reaches $6,294, exceeding the national median of $2,690. Property taxes in Tahoma 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 Tahoma'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 Tahoma 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
Tahoma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$6,361
$6,009
Ownwell’s Tahoma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tahoma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tahoma 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 Tahoma, California
Property taxes in Tahoma, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tahoma is 1.23%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tahoma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tahoma 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 Tahoma's effective property tax rate to other counties in California and the national median. For comparison, the zip code 96142 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Tahoma 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 Tahoma Tax Rate
1.23%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tahoma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | 1.10% | 1.15% | 1.23% | 1.39% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Tahoma, California
In Tahoma, 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 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 Tahoma, 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 Tahoma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $6,294 in the 96142 zip code, which also has the lowest median tax bill.
Average Tahoma Assessed Value
$517,190
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 Tahoma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | $124,620 | $250,690 | $517,190 | $867,000 | $1,639,796 |
Source: Ownwell
Property Tax Bills Across Tahoma, California
Property tax bills in Tahoma, located in Placer County, CA, are determined based on the assessed value of a property, which is often lower than its market value. The assessed value is calculated by local assessors and is influenced by factors such as property size, location, and any improvements made to the property. Homeowners in Tahoma face a median property tax bill that varies significantly, with the 25th percentile at $3,459 and the 75th percentile at $9,893. The highest median tax bill in the area is $6,294, found in the 96142 zip code. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. The variability in tax bills means that while some homeowners may find their tax burden manageable, others may feel a significant financial impact. Compared to the national median property tax rate of 0.99%, Tahoma's property tax rates can be relatively high, reflecting the area's property values and the needs of the local community.
Average Tahoma Tax Bill
$6,294
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tahoma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96142 | $2,083 | $3,459 | $6,294 | $9,893 | $17,257 |
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 |