Auburn, California Property Taxes
The median property tax rate in Auburn, CA is 1.39%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Auburn at $410,922, the typical annual property tax bill reaches $5,758, exceeding the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$5,712
$5,395
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, California
Property taxes in Auburn, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 1.39%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in California and the national median. For comparison, the 95602 zip code has the highest median property tax rate of 1.39%, while the same zip code has the lowest median tax rate of 1.39%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
1.39%
Average Nevada County Tax Rate
1.16%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95602 | 1.06% | 1.21% | 1.39% | 1.55% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, California
In Auburn, 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 Nevada 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 95602 has the highest median tax bill at $5,758, providing a benchmark for understanding property tax variations within the region.
Average Auburn Assessed Value
$410,922
Average Nevada County Assessed Value
$380,629
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95602 | $197,485 | $290,755 | $410,922 | $583,360 | $851,530 |
Source: Ownwell
Property Tax Bills Across Auburn, California
In Auburn, Nevada County, CA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically determined by the county assessor and is often a percentage of the property's market value. Factors such as property improvements and changes in market conditions can influence this assessed value. For homeowners in Auburn, the median home price is $410,922. Property tax bills can vary significantly, with the 25th percentile tax bill at $4,404 and the 75th percentile tax bill reaching $7,463. At the higher end, the 90th percentile tax bill can be as much as $10,270. The highest and lowest median tax bills in the area both stand at $5,758 in the 95602 zip code. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Auburn homeowners may experience varying tax burdens depending on their property's assessed value and specific local tax rates.
Average Auburn Tax Bill
$5,758
Average Nevada County Tax Bill
$4,722
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95602 | $3,275 | $4,404 | $5,758 | $7,463 | $10,270 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Nevada Tax Assessor | |
| Website | common2.mptsweb.com |