Forest Ranch, California Property Taxes
The median property tax rate in Forest Ranch, CA is 1.12%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $246,376 in Forest Ranch, the typical annual property tax bill amounts to $2,821, surpassing the national median of $2,690. Property taxes in Forest Ranch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Forest Ranch'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 Forest Ranch or another part of Butte County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forest Ranch, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,759
$2,606
Ownwell’s Forest Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forest Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forest Ranch 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 Forest Ranch, California
Property taxes in Forest Ranch, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Ranch is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Forest Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Ranch 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 Forest Ranch's effective property tax rate to other counties in California and the national median. For comparison, the 95942 zip code has the highest median property tax rate of 1.12%, while the 95942 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Forest Ranch provides valuable insights into the varying tax landscape across Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forest Ranch Tax Rate
1.12%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | 1.09% | 1.11% | 1.12% | 1.14% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Forest Ranch, California
In Forest Ranch, 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 Butte 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 Forest Ranch, 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. The highest median tax bill in Forest Ranch is $2,821 in the 95942 zip code, while the lowest median tax bill is also $2,821 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Forest Ranch, California
Source: Ownwell
$13,646
$169,275
$324,903
Average Forest Ranch Assessed Value
$246,376
Average Butte County Assessed Value
$214,438
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forest Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | $64,755 | $142,651 | $246,376 | $345,691 | $468,489 |
Source: Ownwell
Property Tax Bills Across Forest Ranch, California
In Forest Ranch, CA (Butte County), property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is typically a percentage of your home's market value. For instance, with a median home price of $246,376, homeowners can expect varying tax bills. Factors such as location, property size, and any improvements made to the property play a significant role in determining the final tax bill. In Forest Ranch, the tax bill for the 25th percentile is around $1,580, while the 75th percentile sees a tax bill of approximately $3,950. For those in the 90th percentile, the tax bill can climb to about $5,405. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Forest Ranch's property taxes can significantly impact household budgets, especially for higher-valued properties. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Forest Ranch Tax Bill
$2,821
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | $704 | $1,580 | $2,821 | $3,950 | $5,405 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Butte Tax Assessor | |
| Website | assr.parcelquest.com |