Grenada, California Property Taxes
The median property tax rate in Grenada, CA is 1.02%, which is slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Grenada at $125,247, the typical annual property tax bill amounts to $1,284, which is below the national median of $2,690. Property taxes in Grenada are calculated based on the assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Grenada'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 Grenada 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
Grenada, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,278
$1,207
Ownwell’s Grenada Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grenada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grenada 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 Grenada, California
Property taxes in Grenada, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grenada is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Grenada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grenada 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 Grenada's effective property tax rate to other counties in California and the national median. For comparison, the 96038 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Grenada provides valuable insights into the varying tax landscape across Siskiyou County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grenada Tax Rate
1.02%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grenada, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96038 | 1.00% | 1.02% | 1.02% | 1.07% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Grenada, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grenada, 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 Siskiyou 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 Grenada, 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 Grenada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96038 has the highest and lowest median tax bill at $1,284. The tax bills range from $769 at the 25th percentile to $2,583 at the 90th percentile, compared to the national median property tax rate of 0.99%.
Average Grenada Assessed Value
$125,247
Average Siskiyou County Assessed Value
$148,062
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grenada, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96038 | $48,404 | $76,619 | $125,247 | $180,000 | $253,676 |
Source: Ownwell
Property Tax Bills Across Grenada, California
In Grenada, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Siskiyou County Assessor's Office. The assessed value typically reflects the market value at the time of purchase and is subject to annual adjustments. The tax rate is then applied to this assessed value to determine the total tax bill. Factors such as property improvements, changes in market conditions, and local tax levies can influence the assessed value. For example, if the median home price in Grenada is $125,247, a homeowner could expect a tax bill ranging from $769 at the 25th percentile to $1,803 at the 75th percentile, with the 90th percentile reaching up to $2,583. Compared to the national median property tax rate of 0.99%, Grenada's property taxes can be considered reasonable, though they vary significantly based on the specific property and its assessed value. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Grenada Tax Bill
$1,284
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Grenada, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96038 | $517 | $769 | $1,284 | $1,803 | $2,583 |
Source: Ownwell