Durham, California Property Taxes
The median property tax rate in Durham, CA is 1.12%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $324,792 in Durham, the typical annual property tax bill reaches $3,567, significantly exceeding the national median of $2,690. Property taxes in Durham are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Durham'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 Durham or another part of Butte County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Durham, 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 Durham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durham 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 Durham, California
Property taxes in Durham, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durham is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Durham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durham 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. Understanding how these cities compare with Durham provides valuable insights into the varying tax landscape across Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Durham Tax Rate
1.12%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durham, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95938 | 1.09% | 1.10% | 1.12% | 1.13% | 1.18% |
| 95966 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Durham, California
In Durham, 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 Butte 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 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. In Durham, the highest median tax bill is $3,571 in zip code 95938, while the lowest median tax bill is $152 in zip code 95966. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Durham Assessed Value
$324,792
Average Butte County Assessed Value
$214,438
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Durham, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95938 | $98,306 | $185,360 | $324,903 | $504,321 | $678,733 |
| 95966 | $13,646 | $13,646 | $13,646 | $13,646 | $13,646 |
Source: Ownwell
Property Tax Bills Across Durham, California
In Durham, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Butte County Assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Durham is $324,792, which provides a baseline for understanding typical tax bills in the area. Factors that influence the tax bill include the home's assessed value, any applicable exemptions, and additional local levies or bonds. For example, the 25th percentile tax bill is $1,870, while the 75th percentile reaches $5,637, indicating a wide range in tax liabilities depending on property value and exemptions. Homeowners in Durham experience varying impacts on their finances due to these property taxes. While some may pay as little as $152 in certain zip codes, others could see bills as high as $7,767 at the 90th percentile. These taxes fund essential local services, but they can also significantly affect household budgets.
Average Durham Tax Bill
$3,567
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Durham, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95938 | $903 | $1,907 | $3,571 | $5,637 | $7,769 |
| 95966 | $152 | $152 | $152 | $152 | $152 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Butte Tax Assessor | |
| Website | assr.parcelquest.com |