Trinidad, California Property Taxes
The median property tax rate in Trinidad, CA is 1.09%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $317,271 in Trinidad, the typical annual property tax bill amounts to $3,447, surpassing the national median of $2,690. Property taxes in Trinidad are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Trinidad's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Trinidad or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trinidad, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,458
$3,266
Ownwell’s Trinidad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trinidad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trinidad 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 Trinidad, California
Property taxes in Trinidad, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trinidad is 1.09%, higher than both the California state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Trinidad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trinidad 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 Trinidad's effective property tax rate to other counties in California and the national median. For comparison, the 95570 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 cities compare with Trinidad provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trinidad Tax Rate
1.09%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trinidad, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95570 | 1.05% | 1.06% | 1.09% | 1.13% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Trinidad, California
In Trinidad, 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 Humboldt 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 Trinidad, 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 Trinidad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95570 has the highest median tax bill at $3,447, which is significantly above the national median property tax rate of 0.99%.
Average Trinidad Assessed Value
$317,271
Average Humboldt County Assessed Value
$227,816
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trinidad, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95570 | $67,230 | $153,136 | $317,271 | $510,765 | $760,021 |
Source: Ownwell
Property Tax Bills Across Trinidad, California
In Trinidad, located in Humboldt County, CA, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is typically a percentage of the market value. For instance, with a median home price of $317,271, homeowners can expect their property tax bill to be influenced by this valuation. The tax rate in Trinidad is compared against the national median property tax rate of 0.99%, providing a benchmark for understanding local tax burdens. Homeowners in Trinidad face a range of property tax bills, with the 25th percentile at $1,687, the 75th percentile at $5,519, and the 90th percentile reaching up to $8,066. These figures highlight the variability in tax obligations based on property values and specific assessments. Additionally, the highest and lowest median tax bills in the area are both recorded at $3,447 in zip code 95570, indicating a level of consistency within that specific locale. This variability in tax bills can significantly affect homeowners' financial planning and overall cost of living in Trinidad.
Average Trinidad Tax Bill
$3,447
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Trinidad, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95570 | $803 | $1,687 | $3,447 | $5,519 | $8,066 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Humboldt Tax Assessor | |
| Website | common1.mptsweb.com |