Redwood Valley, California Property Taxes
The median property tax rate in Redwood Valley, CA is 1.17%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $294,561, the typical annual property tax bill in Redwood Valley reaches $3,423, surpassing the national median of $2,690. Property taxes in Redwood Valley are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Redwood Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in Redwood Valley or another part of Mendocino County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Redwood Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$3,446
$3,255
Ownwell’s Redwood Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Redwood Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Redwood Valley 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 Redwood Valley, California
Property taxes in Redwood Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Redwood Valley is 1.17%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Redwood Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redwood Valley 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 Redwood Valley's effective property tax rate to other counties in California and the national median. For comparison, the 95470 zip code has the highest median property tax rate of 1.17%, while the 95470 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Redwood Valley 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 Redwood Valley Tax Rate
1.17%
Average Mendocino County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redwood Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95470 | 1.12% | 1.15% | 1.17% | 1.18% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Redwood Valley, California
In Redwood Valley, CA, 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 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 Redwood Valley, 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 Redwood Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $3423, found in the zip code 95470.
Property Tax Assessment Values Across Redwood Valley, California
Source: Ownwell
$43,093
$257,489
$471,885
Average Redwood Valley Assessed Value
$294,561
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 Redwood Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95470 | $70,067 | $159,202 | $294,561 | $460,416 | $584,274 |
Source: Ownwell
Property Tax Bills Across Redwood Valley, California
In Redwood Valley, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Mendocino County Assessor's Office. The assessed value is often a percentage of the home's market value. Homeowners in Redwood Valley typically face a property tax rate around the national median of 0.99%. For example, with a median home price of $294,561, homeowners can expect a range of tax bills. The 25th percentile tax bill is approximately $1,840, while the 75th percentile tax bill reaches $5,324, and the 90th percentile tax bill can go up to $6,757. These figures illustrate how property taxes can vary widely depending on the assessed value of the property and specific local rates. For homeowners, understanding these factors is crucial as they directly impact annual expenses. High property taxes can influence affordability and overall financial planning, making it essential for homeowners to stay informed and possibly appeal their assessed values if they seem inaccurate.
Average Redwood Valley Tax Bill
$3,423
Average Mendocino County Tax Bill
$2,875
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Redwood Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95470 | $753 | $1,840 | $3,423 | $5,324 | $6,757 |
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 |