Los Molinos, California Property Taxes
The median property tax rate in Los Molinos, CA is 1.00%, slightly above the national median of 0.99% but below the California state median of 1.21%. With a median home value of $152,223, the typical annual property tax bill in Los Molinos amounts to $1,155, which is significantly lower than the national median of $2,690. Property taxes in Los Molinos are based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Los Molinos' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're located in the heart of Los Molinos or in another part of Tehama County, gaining insights into the local property tax system will be beneficial.
Last Updated June 14, 2024
Los Molinos, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,522
$1,438
Ownwell’s LOS MOLINOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOS MOLINOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOS MOLINOS 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 Los Molinos, California
Property taxes in Los Molinos, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Molinos is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Los Molinos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Molinos 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 Los Molinos' effective property tax rate to other counties in California and the national median. For comparison, the 96055 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Los Molinos provides valuable insights into the varying tax landscape across Tehama County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Los Molinos Tax Rate
1.00%
Average Tehama County Tax Rate
1.01%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Molinos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96055 | 0.89% | 0.96% | 1.00% | 1.02% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Los Molinos, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Los Molinos, CA. 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 Tehama 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. Assessment notices in Los Molinos 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Los Molinos, the median home price is $152,223, with tax bills ranging from $511 at the 25th percentile to $3,203 at the 90th percentile. The highest and lowest median tax bills are both $1,155, found in the 96055 zip code.
Average Los Molinos Assessed Value
$152,223
Average Tehama County Assessed Value
$177,715
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Los Molinos, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96055 | $46,108 | $80,567 | $152,223 | $249,696 | $366,722 |
Source: Ownwell
Property Tax Bills Across Los Molinos, California
In Los Molinos, property tax bills are calculated based on the assessed value of your home, which is determined by the Tehama County Assessor’s Office. The assessed value typically starts with the purchase price of the property and can be adjusted annually for inflation, not exceeding a 2% increase per year. The property tax rate in Los Molinos is influenced by both state and local tax levies, with the median tax rate in California being around 0.73%, lower than the national median of 0.99%. For a median home price of $152,223, homeowners in Los Molinos can expect a range of tax bills. At the 25th percentile, the tax bill is approximately $511, while at the 75th percentile, it rises to about $2,133. The 90th percentile sees tax bills reaching up to $3,203. These variations depend on the specific assessed value and applicable exemptions or local tax rates. Understanding these factors helps homeowners anticipate their financial obligations and budget accordingly.
Average Los Molinos Tax Bill
$1,155
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Molinos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96055 | $173 | $511 | $1,155 | $2,133 | $3,203 |
Source: Ownwell