Lodi, California Property Taxes
The median property tax rate in Lodi, CA is 1.08%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $267,270 in Lodi, the typical annual property tax bill reaches $2,956, exceeding the national median of $2,690. Property taxes in Lodi are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lodi'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 Lodi 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
Lodi, 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 Lodi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lodi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lodi 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 Lodi, California
Property taxes in Lodi, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lodi is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Lodi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lodi 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 Lodi's effective property tax rate to other areas in San Joaquin County and the national median. For comparison, the 95240 zip code has the highest median property tax rate of 1.08%, while the 95242 zip code has the lowest median tax rate of 1.08%. Understanding how these areas compare with Lodi provides valuable insights into the varying tax landscape across San Joaquin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lodi Tax Rate
1.08%
Average San Joaquin County Tax Rate
1.22%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lodi, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95240 | 1.04% | 1.06% | 1.08% | 1.09% | 1.12% |
| 95242 | 1.05% | 1.06% | 1.08% | 1.09% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Lodi, California
In Lodi, 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 San Joaquin 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 Lodi, 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 median home price in Lodi is $267,270. The highest median tax bill is $3,549 in zip code 95242, while the lowest is $2,507 in zip code 95240. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lodi Assessed Value
$267,270
Average San Joaquin County Assessed Value
$273,669
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lodi, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95240 | $78,943 | $138,478 | $225,406 | $348,262 | $459,701 |
| 95242 | $100,541 | $200,262 | $324,906 | $462,937 | $589,125 |
Source: Ownwell
Property Tax Bills Across Lodi, California
In Lodi, San Joaquin County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. The assessed value is often lower than the market value, providing some relief to homeowners. Property taxes are then computed by multiplying the assessed value by the local tax rate, which can vary but is influenced by the state's regulations and local voter-approved measures. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For example, homeowners in Lodi can expect a wide range of tax bills, with the 25th percentile paying around $1,800 and the 75th percentile facing bills up to $4,458. The highest median tax bill in Lodi's 95242 zip code reaches $3,549, while the lowest median tax bill in the 95240 zip code is $2,507. These property taxes significantly impact homeowners, as they must budget for these annual expenses, which can fluctuate based on changes in assessed values and local tax rates.
Average Lodi Tax Bill
$2,956
Average San Joaquin County Tax Bill
$3,562
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lodi, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95240 | $914 | $1,558 | $2,507 | $3,842 | $5,218 |
| 95242 | $1,173 | $2,221 | $3,549 | $5,131 | $6,603 |
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 |
Links | |
|---|---|
| San Joaquin Tax Assessor | |
| Website | common3.mptsweb.com |