Colusa, California Property Taxes
The median property tax rate in Colusa, CA is 1.09%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Colusa at $191,733, the typical annual property tax bill is $2,007, which is below the national median of $2,690. Property taxes in Colusa are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Colusa'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 Colusa or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Colusa, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,090
$1,974
Ownwell’s Colusa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colusa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colusa 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 Colusa, California
Property taxes in Colusa, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colusa is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Colusa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colusa 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 Colusa's effective property tax rate to other counties in California and the national median. For comparison, the 95932 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these rates compare with Colusa provides valuable insights into the varying tax landscape across Colusa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colusa Tax Rate
1.09%
Average Colusa County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colusa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95932 | 1.05% | 1.07% | 1.09% | 1.16% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Colusa, California
In Colusa, 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 Colusa 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 Colusa, 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. Being aware of these valuation processes in Colusa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Colusa, the median home price is $191,733. The 25th percentile tax bill is $1,145, while the 75th percentile tax bill is $3,154. The highest and lowest median tax bills both stand at $2,007, found in the 95932 zip code.
Average Colusa Assessed Value
$191,733
Average Colusa County Assessed Value
$181,785
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colusa, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95932 | $66,075 | $107,916 | $191,733 | $301,168 | $424,483 |
Source: Ownwell
Property Tax Bills Across Colusa, California
In Colusa, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Colusa County Assessor's Office. The assessed value is typically a percentage of the market value of the home. Homeowners in Colusa can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,145, while the 75th percentile tax bill can reach up to $3,154. The 90th percentile tax bill goes as high as $4,294. These variations depend on factors such as property location, size, and any applicable exemptions. The median home price in Colusa is $191,733, and the property tax rate is influenced by local government budgets and voter-approved measures. Compared to the national median property tax rate of 0.99%, Colusa's rates may seem relatively modest. However, the impact on homeowners can be substantial, especially for those with higher-valued properties or fewer exemptions, making it crucial for residents to understand their tax obligations fully.
Average Colusa Tax Bill
$2,007
Average Colusa County Tax Bill
$1,887
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Colusa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95932 | $717 | $1,145 | $2,007 | $3,154 | $4,294 |
Source: Ownwell