Truckee, California Property Taxes
The median property tax rate in Truckee, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Truckee at $880,383, the typical annual property tax bill reaches $11,239, far exceeding the national median of $2,690. Property taxes in Truckee are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Truckee'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 Truckee 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
Truckee, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$10,741
$10,144
Ownwell’s Truckee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Truckee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Truckee 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 Truckee, California
Property taxes in Truckee, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Truckee is 1.22%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Truckee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Truckee 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 Truckee's effective property tax rate to other areas in California and the national median. For comparison, the 96161 zip code has the highest median property tax rate of 1.22%, while the same zip code also holds the lowest median tax rate of 1.22%. Understanding how these figures compare with Truckee provides valuable insights into the varying tax landscape across Placer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Truckee Tax Rate
1.22%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Truckee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96161 | 1.08% | 1.10% | 1.22% | 1.53% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Truckee, California
In Truckee, 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 Placer 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 Truckee, 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 Truckee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Truckee is $11,239 in the 96161 zip code, while the lowest median tax bill is also $11,239 in the same zip code, reflecting the area's uniform property tax landscape.
Average Truckee Assessed Value
$880,383
Average Placer County Assessed Value
$464,229
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Truckee, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96161 | $140,663 | $408,000 | $880,383 | $2,236,860 | $4,319,505 |
Source: Ownwell
Property Tax Bills Across Truckee, California
In Truckee, located in Placer County, CA, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the Placer County Assessor's Office and is typically a percentage of the property's market value. Homeowners in Truckee face a median property tax rate that aligns closely with the national median of 0.99%. For instance, with a median home price of $880,383, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is around $5,772, while at the 75th percentile, it jumps to approximately $25,251. Those in the 90th percentile might see tax bills as high as $45,969. The highest median tax bill in Truckee is recorded at $11,239 in the 96161 zip code, which also happens to be the lowest median tax bill in the area, indicating a uniform tax rate across different properties. These tax bills can significantly impact homeowners, influencing decisions on purchasing, selling, and maintaining properties in the region.
Average Truckee Tax Bill
$11,239
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Truckee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96161 | $2,204 | $5,772 | $11,239 | $25,251 | $45,969 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Placer Tax Assessor | |
| Website | common1.mptsweb.com |