Cromberg, California Property Taxes
The median property tax rate in Cromberg, CA is 1.16%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Cromberg at $196,291, the typical annual property tax bill is $2,346, which is below the national median of $2,690. Property taxes in Cromberg are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cromberg'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 Cromberg or another part of Plumas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cromberg, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,277
$2,150
Ownwell’s Cromberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cromberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cromberg 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 Cromberg, California
Property taxes in Cromberg, CA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cromberg is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Cromberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cromberg 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 Cromberg's effective property tax rate to other counties in California and the national median. For comparison, the 96103 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Cromberg 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 Cromberg Tax Rate
1.16%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cromberg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | 1.07% | 1.14% | 1.16% | 1.20% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Cromberg, California
In Cromberg, 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 Cromberg, 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. Cromberg's property tax bills vary, with the highest median tax bill at $2,346 in zip code 96103 and the lowest median tax bill also at $2,346 in the same zip code. 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 Cromberg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cromberg Assessed Value
$196,291
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 Cromberg, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | $69,169 | $133,237 | $196,291 | $343,442 | $463,238 |
Source: Ownwell
Property Tax Bills Across Cromberg, California
In Cromberg, property tax bills are determined based on the assessed value of your home, which is influenced by the market value and any applicable exemptions. The median home price in Cromberg is $196,291, which serves as a baseline for tax calculations. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,568 and the 75th percentile reaching $3,636. At the higher end, the 90th percentile tax bill can be as much as $4,852. These tax bills are calculated by applying the local property tax rate to the assessed value of the home. Factors such as improvements to the property, changes in the housing market, and local government budgets can all impact the assessed value and, consequently, the tax bill. For homeowners, this means that fluctuations in the housing market or local fiscal policies can lead to changes in their annual property tax obligations, affecting their overall financial planning.
Average Cromberg Tax Bill
$2,346
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cromberg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | $905 | $1,568 | $2,346 | $3,636 | $4,852 |
Source: Ownwell