Hyampom, California Property Taxes
The median property tax rate in Hyampom, CA is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $177,737 in Hyampom, the typical annual property tax bill amounts to $1,851, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Hyampom's property tax system, exploring available exemptions, and identifying potential reductions can lead to significant annual savings. Whether you're in the heart of Hyampom or another part of Trinity County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hyampom, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,902
$1,796
Ownwell’s Hyampom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hyampom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hyampom 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 Hyampom, California
Property taxes in Hyampom, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hyampom is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Hyampom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hyampom 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 Hyampom's effective property tax rate to other counties in California and the national median. For comparison, the 96046 zip code has the highest median property tax rate of 1.07%, while the 96046 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Hyampom provides valuable insights into the varying tax landscape across Trinity County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hyampom Tax Rate
1.07%
Average Trinity County Tax Rate
1.03%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hyampom, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96046 | 1.02% | 1.05% | 1.07% | 1.10% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Hyampom, California
In Hyampom, 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 Trinity 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. In Hyampom, 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 Hyampom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hyampom is $177,737, with the highest and lowest median tax bills both being $1,851 in the 96046 zip code.
Average Hyampom Assessed Value
$177,737
Average Trinity County Assessed Value
$172,640
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hyampom, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96046 | $67,067 | $106,616 | $177,737 | $300,000 | $451,654 |
Source: Ownwell
Property Tax Bills Across Hyampom, California
In Hyampom, Trinity County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is often a percentage of the market value, and for California, Proposition 13 caps this at 1% of the property's assessed value, plus any voter-approved local taxes and assessments. For example, with a median home price of $177,737, homeowners can expect a tax bill around the national median property tax rate of 0.99%, resulting in an approximate tax bill of $1,759. However, actual tax bills can vary significantly. The 25th percentile tax bill in Hyampom is around $1,101, while the 75th percentile reaches $3,244, and the 90th percentile can be as high as $4,807. These variations depend on factors such as property improvements, neighborhood changes, and local tax levies. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting housing affordability and financial planning.
Average Hyampom Tax Bill
$1,851
Average Trinity County Tax Bill
$1,719
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hyampom, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96046 | $702 | $1,101 | $1,851 | $3,244 | $4,807 |
Source: Ownwell