Wildwood, California Property Taxes
The median property tax rate in Wildwood, CA is 1.06%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $285,200 in Wildwood, the typical annual property tax bill reaches $3,737, significantly exceeding the national median of $2,690. Property taxes in Wildwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wildwood'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 Wildwood 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
Wildwood, 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 Wildwood Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Wildwood. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Wildwood to provide an accurate property tax bill estimate. This tool offers a clear understanding of your potential tax obligations, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Wildwood, California
Property taxes in Wildwood, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildwood is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Wildwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildwood 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 Wildwood's effective property tax rate to other counties in California and the national median. For comparison, the 96076 zip code has the highest median property tax rate of 1.06%, while the 96076 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Wildwood provides valuable insights into the varying tax landscape across Trinity County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wildwood Tax Rate
1.06%
Average Trinity County Tax Rate
1.03%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wildwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | 0.77% | 0.96% | 1.06% | 1.14% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Wildwood, California
In Wildwood, 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 Trinity 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 Wildwood, 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 Wildwood is $285,200, with tax bills ranging significantly. The 25th percentile tax bill is $1,041, while the 75th percentile tax bill is $4,582. Notably, the highest and lowest median tax bills are both found in the 96076 zip code, each amounting to $3,737. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wildwood Assessed Value
$285,200
Average Trinity County Assessed Value
$172,640
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wildwood, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $35,976 | $68,354 | $285,200 | $408,000 | $506,138 |
Source: Ownwell
Property Tax Bills Across Wildwood, California
In Wildwood, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Wildwood is $285,200, and the local tax rate is influenced by various factors, including school district funding, public services, and municipal needs. For homeowners in Wildwood, property tax bills can vary significantly. The 25th percentile tax bill is approximately $1,041, while the 75th percentile reaches around $4,582. At the 90th percentile, homeowners can expect to pay up to $5,284 annually. These figures show a wide range in tax bills, reflecting differences in property values and exemptions that may apply. Compared to the national median property tax rate of 0.99%, Wildwood's property taxes can be substantial, impacting homeowners' annual financial planning and overall cost of living.
Average Wildwood Tax Bill
$3,737
Average Trinity County Tax Bill
$1,719
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Wildwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $690 | $1,041 | $3,737 | $4,582 | $5,284 |
Source: Ownwell