Mccloud, California Property Taxes
The median property tax rate in McCloud, CA is 1.15%, which is higher than the national median of 0.99% but slightly below California's state median of 1.21%. With a median home value of $172,440, the typical annual property tax bill in McCloud is $1,885, significantly lower than the national median of $2,690. Property taxes in McCloud are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding McCloud'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 McCloud 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
Mccloud, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,983
$1,873
Ownwell’s McCloud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McCloud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCloud 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 Mccloud, California
Property taxes in McCloud, California, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in McCloud is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within McCloud set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCloud 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 McCloud's effective property tax rate to other counties in California and the national median. For comparison, the zip code 96057 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with McCloud 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 Mccloud Tax Rate
1.15%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccloud, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96057 | 1.03% | 1.09% | 1.15% | 1.25% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Mccloud, California
In McCloud, 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 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 McCloud, 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 McCloud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 96057, both at $1,885.
Average Mccloud Assessed Value
$172,440
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 Mccloud, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96057 | $52,739 | $100,792 | $172,440 | $258,950 | $356,834 |
Source: Ownwell
Property Tax Bills Across Mccloud, California
In McCloud, Siskiyou County, CA, property tax bills are determined based on the assessed value of a home, which is influenced by the property's market value. The median home price in McCloud stands at $172,440. Property taxes are calculated by applying the local tax rate to this assessed value. Factors such as property improvements, location, and market conditions can affect the assessed value, leading to variations in tax bills. For homeowners in McCloud, the property tax burden can vary significantly. The 25th percentile tax bill is around $1,153, while the 75th percentile tax bill is approximately $2,707. Those in the 90th percentile may see tax bills as high as $3,677. The highest and lowest median tax bills recorded in the area are both $1,885, indicating some consistency within specific zip codes. These tax bills can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, McCloud's tax rates reflect the unique economic and market conditions of Siskiyou County.
Average Mccloud Tax Bill
$1,885
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccloud, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96057 | $729 | $1,153 | $1,885 | $2,707 | $3,677 |
Source: Ownwell