Elverta, California Property Taxes
The median property tax rate in Elverta, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Elverta, the typical annual property tax bill reaches $2,306, which is below the national median of $2,690. Property taxes in Elverta are calculated based on the assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Elverta'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 Elverta 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
Elverta, 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 Elverta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elverta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elverta 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 Elverta, California
Property taxes in Elverta, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elverta is 1.05%, higher than the U.S. national median of 0.99%. Local government entities within Elverta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elverta 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 Elverta's effective property tax rate to other counties in California and the national median. For comparison, the 95626 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Elverta provides valuable insights into the varying tax landscape across Sutter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elverta Tax Rate
1.05%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elverta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95626 | 0.96% | 1.05% | 1.05% | 1.06% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Elverta, California
In Elverta, 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 Sutter 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 Elverta, 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 Elverta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95626 in Elverta has both the highest and lowest median tax bill, amounting to $2,306.
Average Elverta Assessed Value
$215,700
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elverta, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95626 | $39,750 | $87,822 | $215,700 | $444,975 | $614,805 |
Source: Ownwell
Property Tax Bills Across Elverta, California
In Elverta, located in Sutter County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the county assessor and is influenced by the market value of the property. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. For homeowners in Elverta, the median home price is $215,700. Property tax bills can vary significantly, with the 25th percentile paying around $915, while those in the 75th percentile face bills of approximately $4,538. At the 90th percentile, homeowners might see tax bills as high as $6,490. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Understanding how property taxes are calculated can help homeowners in Elverta budget effectively and anticipate their annual financial obligations. Comparing this to the national median property tax rate of 0.99%, Elverta's rates provide a clear picture of local tax expectations.
Average Elverta Tax Bill
$2,306
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Elverta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95626 | $399 | $915 | $2,306 | $4,538 | $6,490 |
Source: Ownwell