Paradise Park, California Property Taxes
The median property tax rate in Paradise Park, CA is 2.01%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Paradise Park, the typical annual property tax bill reaches $1,275, exceeding the national median of $2,690. Property taxes in Paradise Park 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 Paradise Park'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 Paradise Park 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
Paradise Park, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$1,306
$1,212
Ownwell’s Paradise Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paradise Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paradise Park 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 Paradise Park, California
Property taxes in Paradise Park, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paradise Park is 2.01%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Paradise Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paradise Park 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 Paradise Park's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95060 has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Paradise Park 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 Paradise Park Tax Rate
2.01%
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 Paradise Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95060 | 1.37% | 1.46% | 2.01% | 2.79% | 3.77% |
Source: Ownwell
Property Tax Assessment Values Across Paradise Park, California
In Paradise Park, 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 Appraisal District 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 Paradise Park, 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 Paradise Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in the 95060 zip code, with a median tax bill of $1,275.
Property Tax Assessment Values Across Paradise Park, California
Source: Ownwell
$64,992
$419,921
$774,850
Average Paradise Park Assessed Value
$64,992
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 Paradise Park, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95060 | $25,077 | $34,885 | $64,992 | $169,543 | $224,947 |
Source: Ownwell
Property Tax Bills Across Paradise Park, California
In Paradise Park, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value typically reflects a percentage of the property's market value. For example, with a median home price of $64,992, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $951 annually, while those in the 75th percentile face bills of approximately $2,459. At the 90th percentile, the tax bill can reach up to $3,091. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. The median property tax rate in Santa Cruz County is 1.96%, which is higher than the national median of 0.99%. This higher rate can lead to a more substantial financial impact on homeowners, especially when compared to national averages. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Paradise Park Tax Bill
$1,275
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 Paradise Park, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95060 | $879 | $951 | $1,275 | $2,459 | $3,091 |
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 |