Albion, California Property Taxes
The median property tax rate in Albion, CA is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Albion at $327,050, the typical annual property tax bill reaches $4,062, exceeding the national median of $2,690. Property taxes in Albion are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Albion'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 Albion or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albion, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,121
$3,892
Ownwell’s Albion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Albion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Albion 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 Albion, California
Property taxes in Albion, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albion is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Albion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albion 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 Albion's effective property tax rate to other areas in Mendocino County and the national median. For comparison, the 95410 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Albion provides valuable insights into the varying tax landscape across Mendocino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albion Tax Rate
1.26%
Average Mendocino County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albion, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95410 | 1.21% | 1.23% | 1.26% | 1.37% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Albion, California
In Albion, 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 Mendocino County Appraisal District 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 Albion, 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 Albion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Albion are both $4062, found in the 95410 zip code.
Average Albion Assessed Value
$327,050
Average Mendocino County Assessed Value
$243,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albion, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95410 | $75,153 | $156,773 | $327,050 | $507,988 | $849,826 |
Source: Ownwell
Property Tax Bills Across Albion, California
In Albion, located in Mendocino County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is influenced by the market value of the home, currently with a median home price of $327,050. Homeowners in Albion can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $2,078, while the 75th percentile reaches $6,268, and the 90th percentile can go as high as $10,560. Several factors contribute to the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. The tax rate in Albion is influenced by Mendocino County's needs and can be compared to the national median property tax rate of 0.99%. Higher property taxes can impact homeowners by increasing their annual expenses, which may affect their overall financial planning and housing affordability. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Albion Tax Bill
$4,062
Average Mendocino County Tax Bill
$2,875
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Albion, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95410 | $1,104 | $2,078 | $4,062 | $6,268 | $10,560 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Mendocino Tax Assessor | |
| Website | ca-mendocino.publicaccessnow.com |