Ben Lomond, California Property Taxes
The median property tax rate in Ben Lomond, 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 Ben Lomond at $467,096, the typical annual property tax bill reaches $6,087, exceeding the national median of $2,690. Property taxes in Ben Lomond 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 Ben Lomond'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 Ben Lomond or another part of Santa Cruz County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ben Lomond, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,979
$5,548
Ownwell’s Ben Lomond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ben Lomond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ben Lomond 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 Ben Lomond, California
Property taxes in Ben Lomond, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ben Lomond is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ben Lomond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ben Lomond 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 Ben Lomond's effective property tax rate to other counties in California and the national median. For comparison, the 95005 zip code has the highest median property tax rate of 1.28%, while the same 95005 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Ben Lomond provides valuable insights into the varying tax landscape across Santa Cruz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ben Lomond Tax Rate
1.28%
Average Santa Cruz County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ben Lomond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95005 | 1.23% | 1.24% | 1.28% | 1.37% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Ben Lomond, California
In Ben Lomond, 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 Santa Cruz 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 Ben Lomond, 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. The median home price in Ben Lomond is $467,096, and the median tax bill is notably consistent across zip codes, with both the highest and lowest median tax bills being $6,087 in the 95005 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ben Lomond Assessed Value
$467,096
Average Santa Cruz County Assessed Value
$477,836
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ben Lomond, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95005 | $119,970 | $250,829 | $467,096 | $705,358 | $882,138 |
Source: Ownwell
Property Tax Bills Across Ben Lomond, California
In Ben Lomond, located in Santa Cruz County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is often a percentage of the property's market value. Homeowners in Ben Lomond face a median property tax rate that reflects the state's guidelines and local levies. For example, the median home price in Ben Lomond is $467,096, which serves as a base for calculating property taxes. Tax bills can vary significantly; the 25th percentile tax bill is $3,395, while the 75th percentile tax bill reaches $8,952. At the 90th percentile, homeowners might see tax bills as high as $11,060. The highest and lowest median tax bills in the area both stand at $6,087, indicating a range of property values and corresponding tax obligations. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Ben Lomond Tax Bill
$6,087
Average Santa Cruz County Tax Bill
$6,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ben Lomond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95005 | $1,842 | $3,395 | $6,087 | $8,952 | $11,060 |
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 | |
|---|---|
| Santa Cruz Tax Assessor | |
| Website | sccounty01.co.santa-cruz.ca.us |