Elk Grove, California Property Taxes
The median property tax rate in Elk Grove, CA is 1.18%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $403,494, the typical annual property tax bill in Elk Grove reaches $4,922, significantly exceeding the national median of $2,690. Property taxes in Elk Grove are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Elk Grove'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 Elk Grove 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
Elk Grove, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$4,761
$4,497
$1,148
Average Elk Grove, California Tax Savings
Ownwell’s Elk Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elk Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elk Grove 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 Elk Grove. 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 Elk Grove, California
Property taxes in Elk Grove, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Elk Grove is 1.18%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Elk Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elk Grove 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 Elk Grove's effective property tax rate to other areas in Sacramento County and the national median. For comparison, the 95757 zip code has the highest median property tax rate of 1.47%, while the 95624 zip code has the lowest median tax rate of 1.13%. Understanding how these areas compare with Elk Grove provides valuable insights into the varying tax landscape across Sacramento County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elk Grove Tax Rate
1.18%
Average Sacramento County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elk Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95624 | 1.06% | 1.08% | 1.13% | 1.19% | 1.36% |
| 95757 | 1.21% | 1.31% | 1.47% | 1.69% | 1.85% |
| 95758 | 1.10% | 1.13% | 1.16% | 1.21% | 1.30% |
Source: Ownwell
$1,148
Average Elk Grove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Elk Grove, California
In Elk Grove, 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 Sacramento 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 Elk Grove, 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 Elk Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 95757 has the highest median tax bill at $7,031, while zip code 95758 has the lowest at $4,035.
Average Elk Grove Assessed Value
$403,494
Average Sacramento County Assessed Value
$315,351
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elk Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95624 | $194,864 | $277,218 | $391,032 | $523,801 | $665,064 |
| 95757 | $304,770 | $386,858 | $482,883 | $592,812 | $708,399 |
| 95758 | $205,226 | $258,347 | $347,602 | $446,748 | $558,338 |
Source: Ownwell
$1,148
Average Elk Grove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Elk Grove, California
In Elk Grove, Sacramento County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Sacramento County Assessor's Office. This assessed value is then multiplied by the local tax rate. For Elk Grove, the median home price is $403,494, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile see tax bills around $3,529, while those in the 75th percentile face bills up to $6,758. The highest median tax bill in Elk Grove is $7,031 in the 95757 zip code, whereas the lowest is $4,035 in the 95758 zip code. Several factors influence these tax bills, including property location, improvements, exemptions, and local levies. High property taxes can significantly impact homeowners, making it essential to explore ways to reduce these costs. Ownwell specializes in property tax appeals and exemption services, helping homeowners identify potential savings. By leveraging our expertise, homeowners can ensure their property is fairly assessed and potentially lower their tax bills, providing much-needed financial relief.
Average Elk Grove Tax Bill
$4,922
Average Sacramento County Tax Bill
$3,715
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Elk Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95624 | $2,203 | $3,163 | $4,469 | $5,935 | $7,881 |
| 95757 | $4,632 | $5,642 | $7,031 | $8,705 | $10,166 |
| 95758 | $2,511 | $3,085 | $4,035 | $5,102 | $6,497 |
Source: Ownwell
$1,148
Average Elk Grove 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 | |
|---|---|
| Sacramento Tax Assessor | |
| Website | assessorparcelviewer.saccounty.gov |
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