Igo, California Property Taxes
The median property tax rate in IGO, CA is 1.06%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in IGO, the typical annual property tax bill reaches $1,573, falling below the national median of $2,690. Property taxes in IGO are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding IGO'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 IGO 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
Igo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,745
$1,648
Ownwell’s IGO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in IGO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in IGO 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 Igo, California
Property taxes in IGO, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in IGO is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within IGO set these rates annually, and they can vary significantly across different neighborhoods. Each year, IGO 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 IGO's effective property tax rate to other areas and the national median. For comparison, the 96047 zip code has the highest median property tax rate of 1.06%, while the lowest median tax rate is also 1.06%. Understanding how these areas compare with IGO provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Igo Tax Rate
1.06%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Igo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | 1.02% | 1.04% | 1.06% | 1.08% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Igo, California
In IGO, 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 Shasta County Appraisal District 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 IGO, 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. The median home price in IGO is $164,630, with tax bills ranging from $679 at the 25th percentile to $4,235 at the 90th percentile. Zip code 96047 has the highest and lowest median tax bill, both at $1,573. 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 IGO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Igo Assessed Value
$164,630
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Igo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | $35,274 | $76,550 | $164,630 | $299,783 | $409,976 |
Source: Ownwell
Property Tax Bills Across Igo, California
In IGO, located in Shasta County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in IGO can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the tax bill at the 25th percentile is around $679, while at the 75th percentile, it rises to approximately $3,053. Those at the 90th percentile may see bills as high as $4,235. This variation is influenced by factors such as property size, location, and market conditions. The median home price in IGO is $164,630, and the property tax rate in Shasta County can be compared to the national median property tax rate of 0.99%. Higher property taxes can impact homeowners by increasing their annual housing costs, which is essential to consider when budgeting for homeownership.
Average Igo Tax Bill
$1,573
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Igo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96047 | $281 | $679 | $1,573 | $3,053 | $4,235 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |