Nicolaus, California Property Taxes
The median property tax rate in Nicolaus, CA is 1.05%, 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 Nicolaus, the typical annual property tax bill reaches $1,678, which is below the national median of $2,690. Property taxes in Nicolaus are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Nicolaus'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 Nicolaus 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
Nicolaus, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,675
$1,582
Ownwell’s Nicolaus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicolaus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nicolaus 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 Nicolaus, California
Property taxes in Nicolaus, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nicolaus is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Nicolaus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nicolaus 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 Nicolaus's effective property tax rate to other counties in California and the national median. For comparison, the 95659 zip code has the highest median property tax rate of 1.05%, while the same zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Nicolaus 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 Nicolaus Tax Rate
1.05%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nicolaus, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | 0.98% | 1.02% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Nicolaus, California
In Nicolaus, 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. In Nicolaus, 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 Nicolaus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,678 in zip code 95659, which is also the lowest median tax bill.
Average Nicolaus Assessed Value
$159,560
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 Nicolaus, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | $20,709 | $55,188 | $159,560 | $379,957 | $585,466 |
Source: Ownwell
Property Tax Bills Across Nicolaus, California
In Nicolaus, located in Sutter County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, and in California, this is often influenced by Proposition 13, which limits annual increases in assessed value to a maximum of 2%, unless there is a change in ownership or significant new construction. Homeowners in Nicolaus can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $560, while the 75th percentile tax bill reaches $3981, and the 90th percentile tax bill can be as high as $6411. The median home price in Nicolaus is $159,560, and the median tax bill is notably lower than the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners' finances, influencing their ability to budget for other expenses and potentially affecting their long-term financial planning.
Average Nicolaus Tax Bill
$1,678
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Nicolaus, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | $211 | $560 | $1,678 | $3,981 | $6,411 |
Source: Ownwell