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Mount Hamilton, California Property Taxes

The median property tax rate in Mount Hamilton, CA is 1.28%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Mount Hamilton at $1,048,516, the typical annual property tax bill reaches $13,488, exceeding the national median of $2,690. Property taxes in Mount Hamilton 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 Mount Hamilton'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 Mount Hamilton 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

Mount Hamilton, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.28%

Estimate Property Tax Bill

$13,421

$12,454

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s MOUNT HAMILTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT HAMILTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT HAMILTON 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 MOUNT HAMILTON. 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 Mount Hamilton, California

Property taxes in Mount Hamilton, California, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Mount Hamilton stands at 1.28%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Mount Hamilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Hamilton 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 Mount Hamilton's effective property tax rate to other counties in California and the national median. For comparison, the 95140 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Mount Hamilton provides valuable insights into the varying tax landscape across Santa Clara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Mount Hamilton, California

Source: Ownwell

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0.91%

1.50%

2.09%

Average Mount Hamilton Tax Rate

1.28%

Average Santa Clara County Tax Rate

1.31%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Mount Hamilton, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
951401.27%1.27%1.28%1.31%1.45%

Source: Ownwell

Property Tax Assessment Values Across Mount Hamilton, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Hamilton, CA. 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 Santa Clara 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 Mount Hamilton, 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 Mount Hamilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 95140, with a median tax bill of $13,488.

Property Tax Assessment Values Across Mount Hamilton, California

Source: Ownwell

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$41,240

$1,437,154

$2,833,068

Average Mount Hamilton Assessed Value

$1,048,516

Average Santa Clara County Assessed Value

$683,381

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Mount Hamilton, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
95140$408,031$680,340$1,048,516$1,506,576$1,847,752

Source: Ownwell

Property Tax Bills Across Mount Hamilton, California

In Mount Hamilton, Santa Clara County, property tax bills are calculated based on the assessed value of your home, which is often lower than the market value. The median home price in the area is $1,048,516. Property taxes are influenced by various factors, including local tax rates and any applicable exemptions. The national median property tax rate is 0.99%, but local rates can vary significantly. Homeowners in Mount Hamilton can see substantial differences in their tax bills. For instance, tax bills at the 25th percentile are around $9,149, while those at the 75th percentile can reach up to $19,586. The highest median tax bill in the area is $13,488. Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential savings, Ownwell ensures you pay only what is fair, potentially saving you thousands of dollars annually.

Property Tax Bills Across Mount Hamilton, California

Source: Ownwell

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$374

$16,767

$33,160

Average Mount Hamilton Tax Bill

$13,488

Average Santa Clara County Tax Bill

$8,895

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Mount Hamilton, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
95140$6,126$9,149$13,488$19,586$23,798

Source: Ownwell

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