Storrie, California Property Taxes
The median property tax rate in Storrie, CA is 2.06%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Storrie, the typical annual property tax bill reaches $1,433, exceeding the national median of $2,690. Property taxes in Storrie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Storrie'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 Storrie 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
Storrie, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$1,439
$1,359
Ownwell’s Storrie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Storrie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Storrie 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 Storrie, California
Property taxes in Storrie, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Storrie is 2.06%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Storrie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Storrie 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 Storrie's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95980 has both the highest and lowest median property tax rate of 2.06%. Understanding how these areas compare with Storrie 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 Storrie Tax Rate
2.06%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Storrie, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95980 | 1.38% | 1.70% | 2.06% | 2.34% | 4.80% |
Source: Ownwell
Property Tax Assessment Values Across Storrie, California
In Storrie, 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 Storrie, 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 Storrie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 95980, with a median tax bill of $1,433.
Average Storrie Assessed Value
$69,834
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 Storrie, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95980 | $30,907 | $47,982 | $69,834 | $107,512 | $175,140 |
Source: Ownwell
Property Tax Bills Across Storrie, California
In Storrie, property tax bills are calculated based on the assessed value of a home, which is determined by the Plumas County Assessor's Office. The assessed value is typically a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $69,834, property owners can expect a tax bill that varies significantly across different percentiles. The 25th percentile tax bill is approximately $1,157, while the 75th percentile reaches around $2,351, and the 90th percentile peaks at about $3,243. This variability in tax bills reflects differences in property values and assessment practices within the county. Homeowners in Storrie should be aware that these taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life in their community. By understanding how their tax bill is calculated, homeowners can better anticipate their annual expenses and plan their finances accordingly.
Average Storrie Tax Bill
$1,433
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Storrie, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95980 | $819 | $1,157 | $1,433 | $2,351 | $3,243 |
Source: Ownwell