Mill Creek, California Property Taxes
The median property tax rate in Mill Creek, CA is 1.10%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Mill Creek at $130,030, the typical annual property tax bill comes to $1,423, which is below the national median of $2,690. Property taxes in Mill Creek are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mill Creek'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 Mill Creek 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
Mill Creek, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,430
$1,351
Ownwell’s Mill Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mill Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mill Creek 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 Mill Creek, California
Property taxes in Mill Creek, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mill Creek is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Mill Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mill Creek 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 Mill Creek's effective property tax rate to other counties in California and the national median. For comparison, the 96061 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Mill Creek 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 Mill Creek Tax Rate
1.10%
Average Tehama County Tax Rate
1.01%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mill Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96061 | 1.00% | 1.01% | 1.10% | 1.41% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Mill Creek, California
In Mill Creek, 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 Tehama 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 Mill Creek, 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. The highest median tax bill in the area is $1,423 in zip code 96061, while the lowest is also $1,423 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mill Creek Assessed Value
$130,030
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 Mill Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96061 | $56,548 | $97,476 | $130,030 | $253,893 | $334,361 |
Source: Ownwell
Property Tax Bills Across Mill Creek, California
In Mill Creek, property tax bills are determined based on the assessed value of the property, which is typically a percentage of the market value. For homeowners in Tehama County, the median home price is $130,030. The property tax rate in this region is calculated by applying the local tax rate to the assessed value of the property. Several factors influence the final tax bill, including property improvements, location, and any applicable exemptions. For instance, homeowners in Mill Creek might see tax bills ranging from $1,105 at the 25th percentile to $2,515 at the 75th percentile, with the 90th percentile reaching up to $3,252. These tax bills can significantly impact homeowners, as they represent a substantial annual expense. When compared to the national median property tax rate of 0.99%, Mill Creek's property taxes align closely with national trends, ensuring that homeowners contribute a fair share to local services and infrastructure.
Average Mill Creek Tax Bill
$1,423
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mill Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96061 | $614 | $1,105 | $1,423 | $2,515 | $3,252 |
Source: Ownwell