Elmira, California Property Taxes
The median property tax rate in Elmira, CA is 1.18%, 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 Elmira, the typical annual property tax bill reaches $2,687, just below the national median of $2,690. Property taxes in Elmira are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Elmira'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 Elmira or another part of Solano County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmira, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$2,675
$2,483
Ownwell’s Elmira Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmira with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmira 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 Elmira, California
Property taxes in Elmira, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elmira is 1.18%, higher than the U.S. national median of 0.99%. Local government entities within Elmira set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elmira 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 Elmira's effective property tax rate to other counties in California and the national median. For comparison, the 95625 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Elmira 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 Elmira Tax Rate
1.18%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmira, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95625 | 1.11% | 1.16% | 1.18% | 1.22% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Elmira, California
In Elmira, 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 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 Elmira, 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. The median home price in Elmira is $226,724, with tax bills ranging from $1,528 at the 25th percentile to $5,961 at the 90th percentile. The highest median tax bill is $2,687 in zip code 95625. 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 Elmira helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elmira Assessed Value
$226,724
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 Elmira, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95625 | $77,992 | $158,532 | $226,724 | $311,564 | $476,597 |
Source: Ownwell
Property Tax Bills Across Elmira, California
In Elmira, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects a percentage of the market value of the property. Homeowners in Elmira face a range of property tax bills, with the 25th percentile at $1,528 and the 75th percentile reaching $3,760. For those in the 90th percentile, tax bills can be as high as $5,961. These tax bills are influenced by various factors, including local tax rates and any applicable exemptions or deductions. The overall tax rate in Elmira is compared to the national median property tax rate of 0.99%, which provides a benchmark for understanding the local tax burden. For homeowners, these property taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners anticipate their annual tax obligations and better manage their financial planning.
Average Elmira Tax Bill
$2,687
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmira, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95625 | $889 | $1,528 | $2,687 | $3,760 | $5,961 |
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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