Waterford, California Property Taxes
The median property tax rate in Waterford, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Waterford at $229,922, the typical annual property tax bill reaches $2,883, exceeding the national median of $2,690. Property taxes in Waterford 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 Waterford'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 Waterford 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
Waterford, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,851
$2,646
Ownwell’s Waterford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waterford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waterford 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 Waterford, California
Property taxes in Waterford, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterford is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waterford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterford 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 Waterford's effective property tax rate to other areas in Stanislaus County and the national median. For comparison, the 95386 zip code has both the highest and lowest median property tax rate of 1.24%. Understanding how these areas compare with Waterford provides valuable insights into the varying tax landscape across Stanislaus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waterford Tax Rate
1.24%
Average Stanislaus County Tax Rate
1.15%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waterford, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95386 | 1.18% | 1.20% | 1.24% | 1.31% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Waterford, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waterford, 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 local appraisal district 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 Waterford, 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 Waterford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,883, found in zip code 95386. Understanding these nuances can make a significant difference in managing your property taxes effectively.
Property Tax Assessment Values Across Waterford, California
Source: Ownwell
$112,275
$616,449
$1,120,622
Average Waterford Assessed Value
$229,922
Average Stanislaus County Assessed Value
$255,442
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waterford, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95386 | $110,032 | $150,868 | $229,922 | $341,344 | $443,905 |
Source: Ownwell
Property Tax Bills Across Waterford, California
In Waterford, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Stanislaus County Assessor's Office. The assessed value is typically a percentage of the market value of your property. The property tax rate in Waterford is applied to this assessed value to determine your annual tax bill. Factors such as home improvements, market conditions, and local tax levies also play a role in determining the final amount. For homeowners in Waterford, the median home price is $229,922. Property tax bills can vary significantly, with the 25th percentile at $1,983 and the 75th percentile reaching $4,138. At the 90th percentile, homeowners might see tax bills as high as $5,357. Compared to the national median property tax rate of 0.99%, Waterford's tax rates can have a substantial impact on homeowners' annual expenses. Understanding these factors is crucial for effective financial planning and ensuring you are prepared for your property tax obligations.
Average Waterford Tax Bill
$2,883
Average Stanislaus County Tax Bill
$3,056
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Waterford, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95386 | $1,488 | $1,983 | $2,883 | $4,138 | $5,357 |
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 | |
|---|---|
| Stanislaus Tax Assessor | |
| Website | secure.stancounty.com |