Davis, California Property Taxes
The median property tax rate in Davis, CA is 1.11%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Davis at $510,204, the typical annual property tax bill reaches $5,675, significantly exceeding the national median of $2,690. Property taxes in Davis 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 Davis'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 Davis 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
Davis, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$5,663
$5,255
Ownwell’s Davis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davis 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 Davis, California
Property taxes in Davis, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davis is 1.11%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Davis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davis 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 Davis's effective property tax rate to other counties in California and the national median. For comparison, the 95618 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Davis provides valuable insights into the varying tax landscape across Yolo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davis Tax Rate
1.11%
Average Ventura County Tax Rate
1.13%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Davis, California
In Davis, 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 Ventura 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 Davis, 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 Davis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 95618 at $5,675, which is also the lowest median tax bill in the area.
Average Davis Assessed Value
$510,204
Average Ventura County Assessed Value
$465,193
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $510,204 | $510,204 | $510,204 | $510,204 | $510,204 |
Source: Ownwell
Property Tax Bills Across Davis, California
In Davis, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is often derived from the market value of the home, which in Davis has a median price of $510,204. Property tax rates are applied to this assessed value to determine the annual tax bill. In Davis, the property tax rate aligns closely with the national median rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, homeowners may qualify for exemptions that can reduce their taxable value, thereby lowering their tax bill. In Davis, the median property tax bill is consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $5,675. This uniformity indicates a stable and predictable tax environment for homeowners, allowing for better financial planning and budgeting. Overall, property taxes in Davis play a crucial role in funding local services and infrastructure, directly impacting the community's quality of life.
Average Davis Tax Bill
$5,675
Average Ventura County Tax Bill
$5,207
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95618 | $5,675 | $5,675 | $5,675 | $5,675 | $5,675 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Ventura Tax Assessor | |
| Website | assessor.countyofventura.org |