Average Tax Assessment in Solano County
Real Estate Values and Property Tax Valuation in Solano County, California
Solano County has a total of 123,194 properties, with a cumulative value of $38.4B. This accounts for 1.04% of all real estate value in California. Property taxes in Solano County amount to $565.1M, with an average homeowner paying $4,592 in property taxes, which is lower than the state average of $5,946. The average property tax rate in Solano County is 1.47%, while the state average is 1.58%. Properties are typically valued for tax purposes based on their market value.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated November 01, 2023
Important Links | |
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Solano Treasurer / Tax Collector | (707) 784-7485 |
Solano Assessor | (707) 784-6210 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | June - August |
Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
Property Tax Bills Issued: | October 1st |
Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
Available Exemptions | |
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Senior | Not Available |
Disabled | Available |
Homestead | Available |
Veteran | Not Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Solano County
Residential Property Taxes by Cities in Solano County
Solano County has an average property tax rate of 1.47%, which is slightly lower than the national average of 1.53%. This rate is applied to the assessed value of a property, and the resulting amount is the property tax bill. The average property tax bill in Solano County is $4,592. Property tax rates vary across the cities in the county, with Vallejo having the highest effective property tax rate at 1.68%, and Benicia having the lowest effective property tax rate at 1.33%. This means that property owners in Vallejo will pay more in property taxes than those in Benicia. Property taxes are an important source of revenue for local governments, and the differences in rates across the cities in Solano County can have a significant impact on the amount of money collected.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Solano County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Benicia | $57,285 | $218,224 | $375,297 | $574,456 | $751,919 |
Dixon | $0 | $165,342 | $299,230 | $441,580 | $532,366 |
Fairfield | $43,742 | $168,878 | $323,430 | $479,163 | $608,555 |
Rio Vista | $46,596 | $220,373 | $339,014 | $409,000 | $467,773 |
Suisun City | $105,648 | $184,394 | $272,276 | $389,214 | $456,133 |
Vacaville | $0 | $173,797 | $314,647 | $456,000 | $566,763 |
Vallejo | $52,628 | $132,758 | $249,818 | $386,369 | $497,950 |
Winters | $0 | $170,622 | $386,233 | $623,160 | $870,930 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Solano County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Benicia | $1,837 | $3,094 | $4,834 | $7,172 | $9,449 |
Dixon | $1,601 | $2,613 | $4,084 | $5,667 | $7,741 |
Fairfield | $1,375 | $2,445 | $4,253 | $6,365 | $8,371 |
Rio Vista | $1,878 | $3,002 | $4,132 | $5,212 | $6,426 |
Suisun City | $1,758 | $2,432 | $3,605 | $4,891 | $5,970 |
Vacaville | $1,740 | $2,826 | $4,366 | $6,058 | $8,111 |
Vallejo | $1,806 | $2,622 | $4,035 | $5,700 | $7,550 |
Winters | $2,201 | $3,661 | $5,514 | $8,604 | $10,936 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Benicia | 3.21% | 1.42% | 1.29% | 1.25% | 1.26% |
Dixon | - | 1.58% | 1.36% | 1.28% | 1.45% |
Fairfield | 3.14% | 1.45% | 1.31% | 1.33% | 1.38% |
Rio Vista | 4.03% | 1.36% | 1.22% | 1.27% | 1.37% |
Suisun City | 1.66% | 1.32% | 1.32% | 1.26% | 1.31% |
Vacaville | - | 1.63% | 1.39% | 1.33% | 1.43% |
Vallejo | 3.43% | 1.98% | 1.62% | 1.48% | 1.52% |
Winters | - | 2.15% | 1.43% | 1.38% | 1.26% |
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Real Estate Values in Solano County
The median home price in Solano County has increased by 2.18% from October 2022 to October 2023, from $572.5K to $585.0K. This is indicative of a positive trend in the housing market in California. Additionally, the home inventory in Solano County has decreased from 1.1K in October 2022 to 757 in October 2023, indicating a decrease in the availability of homes for sale in the area. This could be due to an increase in demand for housing in the area, which could be driving up prices.
Average Home Value in Solano County, California
Last updated: November 2023
Percent Change in Total Home Sales in Solano County
Last updated: November 2023
Percent Change in New Home Listings in Solano County
Last updated: November 2023
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Mortgage Rates in Solano County
Solano County has an outstanding loan amount of $21.1 billion across home mortgages. This is equivalent to 79,500 outstanding loans, representing a significant portion of the total home value in the county. The median mortgage rate in Solano County varies across cities, with Suisun City having the highest rate of 4.55%, and Rio Vista having the lowest rate of 4.12%. This variation in rates across cities is indicative of the competitive nature of the mortgage market in Solano County, with lenders offering different rates to attract customers. Overall, the total outstanding loan amount in Solano County is a testament to the strength of the local housing market, and the availability of competitive mortgage rates.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Solano County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Benicia | $56,103 | $129,110 | $265,916 | $400,923 | $533,407 |
Dixon | $48,687 | $124,174 | $232,097 | $380,326 | $477,715 |
Fairfield | $64,362 | $133,440 | $250,939 | $380,671 | $486,847 |
Rio Vista | $74,576 | $123,485 | $211,128 | $318,732 | $395,625 |
Suisun City | $51,728 | $111,740 | $193,352 | $326,149 | $414,175 |
Vacaville | $58,828 | $131,735 | $256,311 | $383,023 | $486,521 |
Vallejo | $49,596 | $104,383 | $195,546 | $328,845 | $436,232 |
Winters | $69,973 | $219,437 | $353,858 | $484,872 | $639,330 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Solano County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Benicia | 3.10% | 3.71% | 4.50% | 6.40% | 7.42% |
Dixon | 2.96% | 3.62% | 4.46% | 6.07% | 7.41% |
Fairfield | 3.00% | 3.63% | 4.40% | 5.93% | 7.15% |
Rio Vista | 2.90% | 3.55% | 4.12% | 5.46% | 6.70% |
Suisun City | 3.05% | 3.75% | 4.55% | 6.21% | 7.37% |
Vacaville | 2.93% | 3.60% | 4.30% | 5.97% | 7.20% |
Vallejo | 3.05% | 3.74% | 4.50% | 6.16% | 7.38% |
Winters | 3.21% | 3.73% | 4.30% | 6.03% | 7.13% |
Housing Expenses in Solano County, California
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