Mount Shasta, California Property Taxes
The median property tax rate in Mount Shasta, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $258,598, the typical annual property tax bill in Mount Shasta amounts to $2,606, which is just under the national median of $2,690. Property taxes in Mount Shasta are determined based on the assessed value, which is often lower than the market value due to exemptions such as the primary residence exemption. Gaining a thorough understanding of Mount Shasta’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Mount Shasta 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
Mount Shasta, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,715
$2,565
Ownwell’s Mount Shasta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Shasta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Shasta 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 Mount Shasta, California
Property taxes in Mount Shasta, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Shasta is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within the city set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Shasta 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 Mount Shasta's effective property tax rate to other counties in California and the national median. For comparison, the zip code 96067 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Mount Shasta 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 Mount Shasta Tax Rate
1.05%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Shasta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | 1.00% | 1.04% | 1.05% | 1.07% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Mount Shasta, California
In Mount Shasta, 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 Mount Shasta, 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 Mount Shasta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the 96067 zip code is $2,606, with the 25th percentile at $1,623 and the 75th percentile at $3,746.
Property Tax Assessment Values Across Mount Shasta, California
Source: Ownwell
$38,102
$192,451
$346,800
Average Mount Shasta Assessed Value
$258,598
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 Mount Shasta, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | $92,126 | $161,312 | $258,598 | $374,469 | $513,798 |
Source: Ownwell
Property Tax Bills Across Mount Shasta, California
In Mount Shasta, located in Siskiyou County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Mount Shasta, this means that their property tax bill is influenced by the market value of their homes, which has a median price of $258,598. Tax rates in this region can vary, but the median property tax bill stands at $2,606, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $1,623, while those in the 75th percentile might pay up to $3,746. For properties in the 90th percentile, tax bills can soar to $5,081. These tax bills impact homeowners by influencing their monthly mortgage payments and overall housing affordability, making it crucial for property owners to stay informed about their assessed values and potential exemptions.
Average Mount Shasta Tax Bill
$2,606
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Shasta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | $882 | $1,623 | $2,606 | $3,746 | $5,081 |
Source: Ownwell