Bodega Bay, California Property Taxes
The median property tax rate in Bodega Bay, CA is 1.14%, notably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Bodega Bay at $745,496, the typical annual property tax bill reaches $8,255, significantly exceeding the national median of $2,690. Property taxes in Bodega Bay are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bodega Bay's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bodega Bay 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
Bodega Bay, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Bodega Bay, California Tax Savings
Ownwell’s Bodega Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bodega Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bodega Bay to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Bodega Bay. 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 Bodega Bay, California
Property taxes in Bodega Bay, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bodega Bay is 1.14%, higher than the U.S. national median of 0.99%. Local government entities within Bodega Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bodega Bay 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 Bodega Bay's effective property tax rate to other counties in California and the national median. For comparison, the 94923 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Bodega Bay provides valuable insights into the varying tax landscape across Sonoma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bodega Bay Tax Rate
1.14%
Average Sonoma County Tax Rate
1.15%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bodega Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94923 | 1.10% | 1.12% | 1.14% | 1.18% | 1.29% |
Source: Ownwell
$1,148
Average Bodega Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bodega Bay, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bodega Bay, California. 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 Sonoma 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 Bodega Bay, 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. For instance, the median home price in Bodega Bay is $745,496, with tax bills ranging from $5,196 at the 25th percentile to $15,884 at the 90th percentile. 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 Bodega Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bodega Bay, California
Source: Ownwell
$24,598
$1,130,232
$2,235,865
Average Bodega Bay Assessed Value
$745,496
Average Sonoma County Assessed Value
$444,836
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bodega Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94923 | $235,693 | $457,148 | $745,496 | $1,080,607 | $1,500,365 |
Source: Ownwell
$1,148
Average Bodega Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bodega Bay, California
In Bodega Bay, CA, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $745,496, homeowners in Bodega Bay can expect their tax bill to vary significantly. Factors such as property size, improvements, and market conditions influence the assessed value. The tax bill ranges from $5,196 at the 25th percentile to $15,884 at the 90th percentile, with a median tax bill of $8,255, which is substantially higher than the national median property tax rate of 0.99%. High property taxes can be a burden, but Ownwell can help homeowners reduce their tax bills through expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell identifies discrepancies and advocates for a fair assessment. This process can result in significant savings, providing financial relief and ensuring you're not overpaying on your property taxes. Trust Ownwell to help you navigate the complexities of property tax assessments and save money.
Average Bodega Bay Tax Bill
$8,255
Average Sonoma County Tax Bill
$5,028
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bodega Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94923 | $2,768 | $5,196 | $8,255 | $11,624 | $15,884 |
Source: Ownwell
$1,148
Average Bodega Bay Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Sonoma Tax Assessor | |
| Website | assr.parcelquest.com |
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