95247 Property Tax Rate

Property owners in ZIP code 95247 (Murphys, California) pay a median of $3,693/year in property taxes on homes valued at $513,700. This translates to an effective tax rate of 0.72%, which is 3% above the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 95247 is approximately $308, which factors into escrow payments on mortgages. This ZIP code is located within Calaveras County. This is $1,207 less than the California average of $4,900/year.

Compared to similar ZIP codes in California, 95247 has higher property taxes. ZIP codes with similar effective rates include 91024 (0.72%) and 93041 (0.72%).

In Murphys, property taxes represent approximately 5.1% of the median household income of $71,983, providing context for the relative tax burden on homeowners in this area.

Under California's Proposition 13, your property reassesses to the purchase price at sale, with taxes capped at 1% of that base and only 2% annual growth allowed until resale. Calaveras County offers a Homeowners' Exemption reducing assessed value by $7,000—file with the Calaveras County Assessor within 30 days of closing to claim this benefit on your tax bill. After closing, obtain your Preliminary Assessment Notice from the Calaveras County Assessor, verify the base year value and exemption application, and file a protest by day 60 if the assessment seems incorrect.