Jamestown, California Property Taxes
The median property tax rate in Jamestown, CA is 1.04%, 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 Jamestown at $162,448, the typical annual property tax bill amounts to $1,717, which is below the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Jamestown'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 Jamestown or another part of Tuolumne County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jamestown, 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 Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, California
Property taxes in Jamestown, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.04%, higher than both the California state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in California and the national median. For comparison, the 95327 zip code has the highest median property tax rate of 1.04%, while the 95327 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Jamestown provides valuable insights into the varying tax landscape across Tuolumne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.04%
Average Tuolumne County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95327 | 0.82% | 1.00% | 1.04% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, California
In Jamestown, 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 Tuolumne 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Jamestown is $1,717 in the 95327 zip code, while the lowest median tax bill is also $1,717 in the same zip code.
Average Jamestown Assessed Value
$162,448
Average Tuolumne County Assessed Value
$197,472
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95327 | $20,000 | $44,563 | $162,448 | $292,334 | $455,548 |
Source: Ownwell
Property Tax Bills Across Jamestown, California
In Jamestown, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Tuolumne County Assessor's Office. The assessed value is typically a percentage of the property's market value. Factors such as recent sales prices of comparable properties, improvements made to the home, and overall market conditions are considered. The property tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Jamestown, the median home price is $162,448. Property tax bills can vary significantly, with the 25th percentile tax bill at $460 and the 75th percentile reaching $3,085. Some homeowners may see tax bills as high as $4,761, which falls in the 90th percentile. These variations can impact household budgets, making it crucial for homeowners to understand how their property taxes are calculated and to explore potential exemptions or appeals to manage their expenses effectively.
Average Jamestown Tax Bill
$1,717
Average Tuolumne County Tax Bill
$2,219
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95327 | $182 | $460 | $1,717 | $3,085 | $4,761 |
Source: Ownwell