Felton, California Property Taxes
The median property tax rate in Felton, CA is 1.37%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Felton at $413,100, the typical annual property tax bill reaches $5,819, exceeding the national median of $2,690. Property taxes in Felton 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 Felton'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 Felton 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
Felton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$5,659
$5,345
Ownwell’s Felton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Felton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Felton 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 Felton, California
Property taxes in Felton, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Felton is 1.37%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Felton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Felton 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 Felton's effective property tax rate to other areas in Santa Cruz County and the national median. For comparison, the zip code 95018 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these areas compare with Felton 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 Felton Tax Rate
1.37%
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 Felton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95018 | 1.25% | 1.29% | 1.37% | 1.54% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Felton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Felton, CA. The market value represents 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 Felton, 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 Felton is $413,100, with tax bills ranging from $3,526 at the 25th percentile to $10,619 at the 90th percentile. The highest and lowest median tax bills are both $5,819 in zip code 95018. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Felton Assessed Value
$413,100
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 Felton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95018 | $99,473 | $232,807 | $413,100 | $623,005 | $804,971 |
Source: Ownwell
Property Tax Bills Across Felton, California
In Felton, Santa Cruz County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For homeowners in Felton, the median home price is $413,100. Property tax rates in the area are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local tax levies. For instance, the tax bill at the 25th percentile is $3,526, while at the 75th percentile, it rises to $8,321. At the 90th percentile, homeowners may see tax bills as high as $10,619. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Felton's property taxes can be considerably higher, reflecting the area's property values and local funding needs.
Average Felton Tax Bill
$5,819
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 Felton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95018 | $2,010 | $3,526 | $5,819 | $8,321 | $10,619 |
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 |