Rumsey, California Property Taxes
The median property tax rate in Rumsey, CA is 1.02%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $248,258 in Rumsey, the typical annual property tax bill amounts to $3,089, surpassing the national median of $2,690. Property taxes in Rumsey are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rumsey'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 Rumsey 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
Rumsey, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,532
$2,391
Ownwell’s Rumsey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rumsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rumsey to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular trends, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Rumsey, California
Property taxes in Rumsey, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rumsey is 1.02%, slightly above the U.S. national median of 0.99%. Local government entities within Rumsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rumsey 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 Rumsey's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95679 has the highest median property tax rate of 1.02%, while the lowest median tax rate is also found in zip code 95679 at 1.02%. Understanding how these cities compare with Rumsey 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 Rumsey 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 Rumsey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95679 | 0.97% | 1.00% | 1.02% | 1.02% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Rumsey, California
In Rumsey, 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'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 Rumsey, 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 Rumsey is $248,258, with tax bills ranging from $1,701 at the 25th percentile to $5,135 at the 90th percentile. 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 Rumsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rumsey Assessed Value
$248,258
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 Rumsey, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95679 | $64,697 | $166,780 | $248,258 | $424,147 | $502,782 |
Source: Ownwell
Property Tax Bills Across Rumsey, California
In Rumsey, located in Yolo County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the home's market value. Homeowners in Rumsey can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the tax bill at the 25th percentile is around $1,701, while it rises to $4,335 at the 75th percentile and can reach up to $5,135 at the 90th percentile. The median home price in Rumsey is $248,258, which influences the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, the property taxes in Rumsey might seem higher or lower depending on specific assessed values and applicable local rates. These taxes are crucial for funding local services like schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Rumsey Tax Bill
$3,089
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Rumsey, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95679 | $600 | $1,701 | $3,089 | $4,335 | $5,135 |
Source: Ownwell