Bucks Lake, California Property Taxes
The median property tax rate in Bucks Lake, CA is 1.11%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $87,030 in Bucks Lake, the typical annual property tax bill amounts to $1,153, which is below the national median of $2,690. Property taxes in Bucks Lake are calculated based on the tax assessed value, which can be lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bucks Lake'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 Bucks Lake 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
Bucks Lake, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Bucks Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucks Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucks Lake 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 Bucks Lake, California
Property taxes in Bucks Lake, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucks Lake is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bucks Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucks Lake 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 Bucks Lake's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95971 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Bucks Lake provides valuable insights into the varying tax landscape across Plumas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucks Lake Tax Rate
1.11%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucks Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | 1.11% | 1.11% | 1.11% | 1.40% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Bucks Lake, California
In Bucks Lake, 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 Plumas 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 Bucks Lake, 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 Bucks Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95971 has both the highest and lowest median tax bill at $1,153.
Average Bucks Lake Assessed Value
$87,030
Average Plumas County Assessed Value
$216,793
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucks Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $24,630 | $53,580 | $87,030 | $112,898 | $128,200 |
Source: Ownwell
Property Tax Bills Across Bucks Lake, California
In Bucks Lake, Plumas County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is often a percentage of the property's market value. Homeowners in Bucks Lake face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $594, while the 75th percentile tax bill reaches $1,746. At the 90th percentile, homeowners might pay up to $2,128 annually. These tax bills are influenced by factors such as property improvements, changes in market conditions, and local tax rates. The median home price in Bucks Lake is $87,030, which serves as a baseline for calculating the assessed value. Comparatively, the national median property tax rate is 0.99%, making Bucks Lake's property tax rates relatively moderate. For homeowners, understanding these factors is crucial as property taxes impact annual expenses and long-term investment returns. Accurate assessment and timely appeals can potentially reduce the tax burden.
Average Bucks Lake Tax Bill
$1,153
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucks Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $273 | $594 | $1,153 | $1,746 | $2,128 |
Source: Ownwell