Soquel, California Property Taxes
The median property tax rate in Soquel, 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 Soquel at $468,105, the typical annual property tax bill reaches $6,391, exceeding the national median of $2,690. Property taxes in Soquel 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 Soquel'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 Soquel 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
Soquel, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,992
$5,659
Ownwell’s Soquel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soquel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soquel 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 Soquel, California
Property taxes in Soquel, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soquel is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Soquel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soquel 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 Soquel's effective property tax rate to other areas and the national median. For comparison, the 95073 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 cities compare with Soquel 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 Soquel 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 Soquel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95073 | 1.11% | 1.16% | 1.28% | 1.46% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Soquel, California
In Soquel, 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 Soquel, 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 Soquel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Soquel is $6,391 in the 95073 zip code, which is also the lowest median tax bill for the area.
Average Soquel Assessed Value
$468,105
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 Soquel, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95073 | $66,361 | $177,520 | $468,105 | $828,756 | $1,132,638 |
Source: Ownwell
Property Tax Bills Across Soquel, California
In Soquel, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Soquel is $468,105. Property taxes in this region are influenced by several factors, including the assessed value, local tax rates, and any applicable exemptions or deductions. The property tax rate in Soquel falls within the context of Santa Cruz County, where the highest and lowest median tax bills are both recorded at $6,391. For homeowners, this means that the property tax bill can vary significantly depending on the value of their home. For instance, the 25th percentile tax bill is $3,204, while the 75th percentile reaches $10,515, and the 90th percentile soars to $14,062. Compared to the national median property tax rate of 0.99%, Soquel's property taxes can be quite substantial. This variability in tax bills affects homeowners by influencing their annual financial planning and potentially impacting the overall affordability of their homes.
Average Soquel Tax Bill
$6,391
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 Soquel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95073 | $893 | $3,204 | $6,391 | $10,515 | $14,062 |
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 |