Clarksburg, California Property Taxes
The median property tax rate in Clarksburg, CA is 1.13%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Clarksburg at $325,957, the typical annual property tax bill reaches $3,559, significantly exceeding the national median of $2,690. Property taxes in Clarksburg 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 Clarksburg'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 Clarksburg 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
Clarksburg, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,683
$3,418
Ownwell’s Clarksburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers aiming to estimate their annual property taxes in Clarksburg with minimal effort. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Clarksburg to provide an estimate of your property tax bill. This user-friendly tool offers clear insights into potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Clarksburg, California
Property taxes in Clarksburg, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksburg 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 Clarksburg's effective property tax rate to other counties in California and the national median. For comparison, the 95612 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Clarksburg 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 Clarksburg Tax Rate
1.13%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksburg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95612 | 1.10% | 1.11% | 1.13% | 1.17% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, California
In Clarksburg, 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 Yolo 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. 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 Clarksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Clarksburg is $3,559 in the 95612 zip code, offering a useful benchmark for local homeowners.
Average Clarksburg Assessed Value
$325,957
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 Clarksburg, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95612 | $81,617 | $152,708 | $325,957 | $575,902 | $911,368 |
Source: Ownwell
Property Tax Bills Across Clarksburg, California
In Clarksburg, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For Clarksburg homeowners, the median home price stands at $325,957. The property tax rate in California is influenced by Proposition 13, capping annual increases in assessed value at 2% unless the property changes ownership or undergoes significant improvements. Homeowners in Clarksburg can expect their tax bills to vary significantly. The 25th percentile tax bill is $1,676, while the 75th percentile reaches $6,136, and the 90th percentile hits $10,039. These figures highlight the range in tax burdens depending on property values and specific circumstances. For comparison, the national median property tax rate is 0.99%, illustrating how local factors can significantly influence tax bills. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning.
Average Clarksburg Tax Bill
$3,559
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95612 | $1,017 | $1,676 | $3,559 | $6,136 | $10,039 |
Source: Ownwell