Knights Landing, California Property Taxes
The median property tax rate in Knights Landing, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Knights Landing, the typical annual property tax bill reaches $2,370, which is below the national median of $2,690. Property taxes in Knights Landing 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 Knights Landing'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 Knights Landing 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
Knights Landing, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Knights Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knights Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knights Landing 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 Knights Landing, California
Property taxes in Knights Landing, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knights Landing is 1.20%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Knights Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knights Landing 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 Knights Landing's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95645 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Knights Landing provides valuable insights into the varying tax landscape across Sutter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Knights Landing Tax Rate
1.20%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | 1.09% | 1.13% | 1.20% | 1.54% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Knights Landing, California
In Knights Landing, 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 Sutter 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. Assessment notices in Knights Landing 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 Knights Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $173,270, with the highest and lowest median tax bills both at $2,370 in the 95645 zip code.
Property Tax Assessment Values Across Knights Landing, California
Source: Ownwell
$39,500
$438,972
$838,443
Average Knights Landing Assessed Value
$173,270
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | $13,625 | $78,970 | $173,270 | $272,864 | $429,047 |
Source: Ownwell
Property Tax Bills Across Knights Landing, California
In Knights Landing, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. This assessed value is then multiplied by the local property tax rate. Homeowners in Knights Landing can expect their tax bills to vary widely, with the 25th percentile tax bill at $1,217 and the 75th percentile reaching $3,750. At the higher end, the 90th percentile tax bill can soar to $6,776. The median home price in Knights Landing is $173,270, which provides a benchmark for understanding typical tax obligations. Factors such as property improvements, market conditions, and local tax rates can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, the tax situation in Knights Landing may present a significant impact on homeowners' annual budgets. Understanding these elements helps homeowners anticipate their financial commitments and plan accordingly.
Average Knights Landing Tax Bill
$2,370
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Knights Landing, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95645 | $199 | $1,217 | $2,370 | $3,750 | $6,776 |
Source: Ownwell