Benicia, California Property Taxes
The median property tax rate in Benicia, CA is 1.19%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With the median home value in Benicia at $424,716, the typical annual property tax bill reaches $5,066, significantly exceeding the national median of $2,690. Property taxes in Benicia 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 Benicia'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 Benicia 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
Benicia, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$5,054
$4,690
Ownwell’s Benicia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benicia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Benicia 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 Benicia, California
Property taxes in Benicia, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benicia is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Benicia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benicia 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 Benicia's effective property tax rate to other counties in California and the national median. For comparison, the 94510 zip code has the highest median property tax rate of 1.19%, while the 94510 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Benicia provides valuable insights into the varying tax landscape across Solano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benicia Tax Rate
1.19%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benicia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94510 | 1.16% | 1.17% | 1.19% | 1.20% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Benicia, California
In Benicia, 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 Solano County Assessor's Office 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 Benicia, 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 Benicia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 94510 has both the highest and lowest median tax bill at $5066.
Average Benicia Assessed Value
$424,716
Average Solano County Assessed Value
$342,310
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benicia, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94510 | $161,072 | $270,817 | $424,716 | $628,844 | $825,000 |
Source: Ownwell
Property Tax Bills Across Benicia, California
Property tax bills in Benicia, located in Solano County, CA, are calculated based on the assessed value of a property. The assessed value is typically determined by the county assessor and is influenced by the property's market value and any applicable exemptions. In Benicia, the median home price stands at $424,716. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in Benicia, property tax bills can vary significantly. For instance, those in the 25th percentile can expect to pay around $3,195 annually, while those in the 75th percentile might see bills as high as $7,539. The 90th percentile tax bills can reach up to $10,004. The highest and lowest median tax bills both stand at $5,066 in the 94510 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Benicia residents. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Benicia Tax Bill
$5,066
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Benicia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94510 | $1,856 | $3,195 | $5,066 | $7,539 | $10,004 |
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 |
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