Capay, California Property Taxes
The median property tax rate in Capay, CA is 1.02%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Capay at $240,027, the typical annual property tax bill amounts to $2,231, which is below the national median of $2,690. Property taxes in Capay are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Capay'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 Capay 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
Capay, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,448
$2,312
Ownwell’s Capay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Capay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Capay 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 Capay, California
Property taxes in Capay, California, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Capay is 1.02%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Capay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Capay 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 Capay's effective property tax rate to other counties in California and the national median. For comparison, the 95607 ZIP code has the highest median property tax rate of 1.02%, while the same ZIP code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Capay 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 Capay Tax Rate
1.02%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Capay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | 0.94% | 1.00% | 1.02% | 1.04% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Capay, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Capay, 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 Yolo County Assessor's Office 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 Capay, 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 Capay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Capay is $240,027, with the highest and lowest median tax bills both at $2,231 in the 95607 zip code.
Average Capay Assessed Value
$240,027
Average Yolo County Assessed Value
$366,325
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Capay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | $52,237 | $112,544 | $240,027 | $450,822 | $635,238 |
Source: Ownwell
Property Tax Bills Across Capay, California
Property tax bills in Capay, Yolo County, CA, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. In Capay, the median home price stands at $240,027. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,206 and the 75th percentile tax bill at $4,227. At the higher end, the 90th percentile tax bill reaches $6,367. Several factors influence the assessed value, including property size, location, and recent sales of comparable properties. These assessments directly impact the amount homeowners are required to pay annually. Compared to the national median property tax rate of 0.99%, the property tax burden in Capay can be substantial, affecting homeowners' overall financial planning. The highest and lowest median tax bills in the area are both $2,231, indicating uniformity in tax assessments within the zip code 95607.
Average Capay Tax Bill
$2,231
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Capay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95607 | $413 | $1,206 | $2,231 | $4,227 | $6,367 |
Source: Ownwell