Mcarthur, California Property Taxes
The median property tax rate in McArthur, CA is 1.08%, which is notably above the national median of 0.99% but below the California state median of 1.21%. With the median home value in McArthur at $134,462, the typical annual property tax bill amounts to $1,291, which is less than the national median of $2,690. Property taxes in McArthur 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 McArthur'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 McArthur 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
Mcarthur, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,452
$1,371
Ownwell’s McArthur Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in McArthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McArthur 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 Mcarthur, California
Property taxes in McArthur, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McArthur is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within McArthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, McArthur 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. Understanding how McArthur's effective property tax rate compares to other regions in Shasta County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcarthur Tax Rate
1.08%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | 0.99% | 1.05% | 1.08% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Mcarthur, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McArthur, California. 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 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 McArthur, 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. For instance, the median home price in McArthur is $134,462, with tax bills ranging from $605 at the 25th percentile to $3,511 at the 90th percentile. The highest and lowest median tax bills, both at $1,291, are found in the 96056 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mcarthur, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average Mcarthur Assessed Value
$134,462
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 Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | $34,694 | $62,914 | $134,462 | $223,852 | $334,084 |
Source: Ownwell
Property Tax Bills Across Mcarthur, California
Property tax bills in McArthur, Shasta County, CA, are determined by the assessed value of a property, which is generally based on its market value. The assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. In McArthur, the median home price stands at $134,462. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile paying around $605 annually and the 75th percentile seeing bills as high as $2,291. For those in the 90th percentile, tax bills can reach up to $3,511. These taxes fund essential local services such as schools, public safety, and infrastructure maintenance, directly impacting the quality of life for residents. The highest and lowest median tax bills in McArthur are both $1,291, indicating a relatively consistent tax burden across different properties. Comparing this with the national median property tax rate of 0.99%, homeowners in McArthur experience a varied but generally moderate tax environment.
Average Mcarthur Tax Bill
$1,291
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | $228 | $605 | $1,291 | $2,291 | $3,511 |
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 |