Penngrove, California Property Taxes
The median property tax rate in Penngrove, CA, is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Penngrove at $611,626, the typical annual property tax bill reaches $7,693, significantly exceeding the national median of $2,690. Property taxes in Penngrove are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Penngrove'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 Penngrove 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
Penngrove, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$7,706
$7,279
$1,148
Average Penngrove, California Tax Savings
Ownwell’s Penngrove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Penngrove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Penngrove to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Penngrove. 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 Penngrove, California
Property taxes in Penngrove, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Penngrove is 1.26%, higher than the U.S. national median of 0.99%. Local government entities within Penngrove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Penngrove 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 Penngrove's effective property tax rate to other areas in Sonoma County and the national median. For comparison, the zip code 94951 has both the highest and lowest median property tax rate in the area, standing at 1.26%. Understanding how these cities compare with Penngrove provides valuable insights into the varying tax landscape across Sonoma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Penngrove Tax Rate
1.26%
Average Sonoma County Tax Rate
1.15%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Penngrove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94951 | 1.11% | 1.13% | 1.26% | 1.50% | 2.04% |
Source: Ownwell
$1,148
Average Penngrove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Penngrove, California
In Penngrove, 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 Sonoma 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 Penngrove, 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 Penngrove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Penngrove is $7,693 in the 94951 zip code, while the lowest median tax bill is also $7,693 in the same zip code.
Property Tax Assessment Values Across Penngrove, California
Source: Ownwell
$24,598
$1,130,232
$2,235,865
Average Penngrove Assessed Value
$611,626
Average Sonoma County Assessed Value
$444,836
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Penngrove, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94951 | $117,543 | $287,078 | $611,626 | $955,148 | $1,276,825 |
Source: Ownwell
$1,148
Average Penngrove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Penngrove, California
In Penngrove, Sonoma County, CA, property tax bills are calculated based on the assessed value of the home, which is typically determined by the market value at the time of purchase. The median home price in Penngrove is $611,626, resulting in varying tax bills. Homeowners in the 25th percentile pay around $4,267, while those in the 75th percentile pay approximately $11,906. The 90th percentile sees tax bills reaching up to $15,298. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the high property values in the region. Factors such as home improvements, market fluctuations, and local tax rates also influence the final tax bill. Ownwell can help homeowners in Penngrove save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential discrepancies, Ownwell ensures you only pay your fair share, potentially saving you thousands of dollars annually.
Average Penngrove Tax Bill
$7,693
Average Sonoma County Tax Bill
$5,028
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Penngrove, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94951 | $1,688 | $4,267 | $7,693 | $11,906 | $15,298 |
Source: Ownwell
$1,148
Average Penngrove Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Sonoma Tax Assessor | |
| Website | assr.parcelquest.com |
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