Walnut Grove, California Property Taxes
The median property tax rate in Walnut Grove, CA is 1.10%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $260,230 in Walnut Grove, the typical annual property tax bill reaches $2,896, surpassing the national median of $2,690. Property taxes in Walnut Grove are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Walnut Grove'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 Walnut Grove 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
Walnut Grove, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Walnut Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut Grove 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 Solano County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Walnut Grove, California
Property taxes in Walnut Grove, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut Grove is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Walnut Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut Grove 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 Walnut Grove's effective property tax rate to other counties in California and the national median. For comparison, the 95690 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Walnut Grove 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 Walnut Grove Tax Rate
1.10%
Average Solano County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnut Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95690 | 1.09% | 1.09% | 1.10% | 1.12% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Grove, California
In Walnut Grove, 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 Walnut Grove, 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 Walnut Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Walnut Grove is $260,230, with median tax bills ranging from $938 at the 25th percentile to $7,127 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 95690, at $2,896.
Property Tax Assessment Values Across Walnut Grove, California
Source: Ownwell
$99,785
$2,308,375
$4,516,964
Average Walnut Grove Assessed Value
$260,230
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 Walnut Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95690 | $62,916 | $84,335 | $260,230 | $393,010 | $620,341 |
Source: Ownwell
Property Tax Bills Across Walnut Grove, California
In Walnut Grove, located in Solano County, CA, property tax bills are determined based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, property size, and recent sales of comparable properties. Homeowners in Walnut Grove face a median property tax rate aligned with the national median of 0.99%. For a median home price of $260,230, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $938 annually, while those at the 75th percentile see bills closer to $4,280. The 90th percentile tax bill can reach up to $7,127, indicating substantial variation depending on property value and specific circumstances. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their ability to sell or refinance their homes. Understanding how these taxes are calculated helps homeowners plan better and make informed financial decisions regarding their property investments.
Average Walnut Grove Tax Bill
$2,896
Average Solano County Tax Bill
$4,342
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnut Grove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95690 | $706 | $938 | $2,896 | $4,280 | $7,127 |
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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