Yolo, Yolo County, California Property Taxes
The median property tax rate in Yolo, CA is 1.08%, which is notably higher than the national median of 0.99%, but lower than the California state median of 1.21%. With the median home value in Yolo at $146,221, the typical annual property tax bill amounts to $1,343, still below the national median of $2,690. Property taxes in Yolo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Yolo'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 Yolo 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
Yolo, Yolo County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,579
$1,465
Ownwell’s Yolo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yolo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yolo 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 Yolo, Yolo County, California
Property taxes in Yolo, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yolo is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Yolo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yolo 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 Yolo's effective property tax rate to other counties in California and the national median. For comparison, the 95697 ZIP code has the highest median property tax rate of 1.08%, while the same ZIP code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Yolo 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 Yolo Tax Rate
1.08%
Average Yolo County Tax Rate
1.24%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yolo, Yolo County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95697 | 1.03% | 1.03% | 1.08% | 1.13% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Yolo, Yolo County, California
In Yolo, 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. In Yolo, 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. For example, the median home price in Yolo is $146,221, with tax bills ranging from $771 at the 25th percentile to $3,479 at the 90th percentile. The highest median tax bill is $1,343 in the 95697 zip code. 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 Yolo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Yolo, Yolo County, California
Source: Ownwell
$125,592
$462,260
$798,928
Average Yolo Assessed Value
$146,221
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 Yolo, Yolo County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95697 | $44,466 | $71,289 | $146,221 | $264,291 | $346,444 |
Source: Ownwell
Property Tax Bills Across Yolo, Yolo County, California
In Yolo, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value, resulting in the annual property tax bill. Several factors influence the assessed value, including market conditions, property size, and any improvements made to the property. Homeowners in Yolo can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $771, while at the 75th percentile, it rises to $2,568. The 90th percentile tax bill reaches $3,479, reflecting higher-valued properties. The median home price in Yolo is $146,221, and the median tax bill in the highest and lowest zip code, 95697, is $1,343. These property tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Yolo's rates provide a benchmark for understanding local property tax obligations.
Average Yolo Tax Bill
$1,343
Average Yolo County Tax Bill
$4,610
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Yolo, Yolo County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95697 | $402 | $771 | $1,343 | $2,568 | $3,479 |
Source: Ownwell