Downieville, California Property Taxes
The median property tax rate in Downieville, CA is 1.21%, aligning with the state median but significantly higher than the national median of 0.99%. With a median home value of $196,853, the typical annual property tax bill in Downieville reaches $2,326, which is below the national median of $2,690. Property taxes here 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 Downieville'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 Downieville 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
Downieville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,382
$2,249
Ownwell’s Downieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Downieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Downieville 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 Downieville, California
Property taxes in Downieville, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Downieville is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Downieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Downieville 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 Downieville's effective property tax rate to other counties in California and the national median. For comparison, the 95936 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Downieville provides valuable insights into the varying tax landscape across Sierra County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Downieville Tax Rate
1.21%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Downieville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95936 | 1.03% | 1.12% | 1.21% | 1.37% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Downieville, California
In Downieville, 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 Sierra County Assessor's Office 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 Downieville, 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 Downieville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95936, which covers Downieville, has a median tax bill of $2,326.
Property Tax Assessment Values Across Downieville, California
Source: Ownwell
$31,721
$629,076
$1,226,430
Average Downieville Assessed Value
$196,853
Average Sierra County Assessed Value
$186,631
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Downieville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95936 | $75,747 | $115,000 | $196,853 | $316,842 | $450,000 |
Source: Ownwell
Property Tax Bills Across Downieville, California
In Downieville, Sierra County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For example, with a median home price of $196,853, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,553, while the 75th percentile reaches $3,413, and the 90th percentile can go up to $4,962. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the tax rates in Downieville can lead to substantial variations in annual tax obligations. Homeowners should be aware that these taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting community quality of life. Understanding how these factors affect their tax bill helps homeowners plan their finances and anticipate annual expenses.
Average Downieville Tax Bill
$2,326
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Downieville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95936 | $1,156 | $1,553 | $2,326 | $3,413 | $4,962 |
Source: Ownwell