Portola, California Property Taxes
The median property tax rate in Portola, CA is 1.06%, 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 $153,979, the typical annual property tax bill in Portola amounts to $1,543, which is below the national median of $2,690. Property taxes in Portola are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Portola'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 Portola 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
Portola, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,632
$1,541
Ownwell’s PORTOLA Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in PORTOLA. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in PORTOLA to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Portola, California
Property taxes in Portola, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portola is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Portola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portola 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 Portola's effective property tax rate to other counties in the region and the national median. For comparison, the 96122 zip code in Portola has the highest median property tax rate of 1.06%, while the same 96122 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Portola 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 Portola 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 Portola, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96122 | 0.97% | 1.02% | 1.06% | 1.07% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Portola, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Portola, CA. 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 Portola, 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 Portola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96122 has both the highest and lowest median tax bills at $1,543, reflecting the diverse property values in the area.
Average Portola Assessed Value
$153,979
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 Portola, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96122 | $45,670 | $87,161 | $153,979 | $254,036 | $412,892 |
Source: Ownwell
Property Tax Bills Across Portola, California
In Portola, located in Plumas County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is often a percentage of the property's market value. Various factors influence this value, including the property's location, size, and improvements made. Once the assessed value is established, the property tax rate is applied. In Portola, the median property tax rate is 0.99%, aligning with the national median. For instance, with a median home price of $153,979, the median tax bill is approximately $1,543. However, tax bills can vary widely. At the 25th percentile, homeowners might pay around $866, while those at the 75th percentile could see bills of about $2,542. The highest tax bills, at the 90th percentile, can reach up to $4,257. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how these taxes are calculated helps homeowners budget effectively and anticipate future financial obligations.
Average Portola Tax Bill
$1,543
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Portola, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96122 | $445 | $866 | $1,543 | $2,542 | $4,257 |
Source: Ownwell