Mohawk, California Property Taxes
The median property tax rate in Mohawk, CA is 1.06%, higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Mohawk at $304,104, the typical annual property tax bill reaches $3,118, surpassing the national median of $2,690. Property taxes in Mohawk are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mohawk'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 Mohawk 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
Mohawk, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,224
$3,044
Ownwell’s Mohawk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mohawk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mohawk 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 Mohawk, California
Property taxes in Mohawk, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mohawk is 1.06%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Mohawk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mohawk 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 Mohawk's effective property tax rate to other counties in California and the national median. Understanding how these areas compare with Mohawk 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 Mohawk Tax Rate
1.06%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mohawk, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Mohawk, California
In Mohawk, 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 Mohawk, 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 Mohawk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Plumas County, the median home price is $304,104, with annual tax bills ranging from $2,443 at the 25th percentile to $5,706 at the 90th percentile.
Average Mohawk Assessed Value
$304,104
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 Mohawk, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Mohawk, California
In Mohawk, Plumas County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. The assessed value is influenced by the market value of the property, recent sales data, and any improvements or changes made to the property. Homeowners in Mohawk can expect their property tax bill to reflect a combination of the county's tax rate and any additional local levies or assessments. The median home price in Mohawk stands at $304,104, which plays a significant role in determining the overall tax bill. For instance, homeowners at the 25th percentile can expect a tax bill around $2,443, while those at the 75th percentile might see a bill closer to $4,104. At the 90th percentile, the tax bill can reach up to $5,706. These figures highlight the variability in property tax obligations based on property value, impacting homeowners' annual financial planning and budgeting.
Average Mohawk Tax Bill
$3,118
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mohawk, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell