Paskenta, California Property Taxes
The median property tax rate in Paskenta, CA is 1.00%, 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 Paskenta at $66,613, the typical annual property tax bill reaches $632, which is significantly below the national median of $2,690. Property taxes in Paskenta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Paskenta'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 Paskenta 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
Paskenta, 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 Paskenta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paskenta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paskenta 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 Paskenta, California
Property taxes in Paskenta, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paskenta is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Paskenta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paskenta 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 Paskenta's effective property tax rate to other areas in California and the national median. For comparison, the 96074 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 areas compare with Paskenta 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 Paskenta 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 Paskenta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96074 | 0.93% | 0.95% | 1.00% | 1.13% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Paskenta, California
In Paskenta, 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 Paskenta, 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 Paskenta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $632, found in the 96074 zip code.
Average Paskenta Assessed Value
$66,613
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 Paskenta, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96074 | $19,419 | $33,772 | $66,613 | $110,988 | $161,471 |
Source: Ownwell
Property Tax Bills Across Paskenta, California
In Paskenta, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value and is subject to annual adjustments. Homeowners in Paskenta, part of Tehama County, experience property tax rates that can vary widely. For instance, the median home price is $66,613, and the tax bills can range significantly—from the 25th percentile at $334 to the 90th percentile at $1,624. This variability means that factors such as property size, location, and improvements can significantly impact the tax bill. Notably, the median tax bill in the area is $632, which is below the national median property tax rate of 0.99%. Such differences can affect homeowners by influencing their overall cost of living and financial planning, making it crucial to understand how these taxes are calculated and managed.
Average Paskenta Tax Bill
$632
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Paskenta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96074 | $222 | $334 | $632 | $1,304 | $1,624 |
Source: Ownwell