Forbestown, California Property Taxes
The median property tax rate in Forbestown, CA is 1.15%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $99,225 in Forbestown, the typical annual property tax bill amounts to $992, which is lower than the national median of $2,690. Property taxes in Forbestown are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Forbestown's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Forbestown or another part of Butte County, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Forbestown, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,141
$1,078
Ownwell’s Forbestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forbestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forbestown 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 Forbestown, California
Property taxes in Forbestown, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forbestown is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Forbestown set these rates annually, and they can vary across different neighborhoods. Each year, Forbestown 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 Forbestown's effective property tax rate to other regions in California and the national median. For comparison, the zip code 95941 has the highest median property tax rate of 1.15%, while the same zip code also holds the lowest median tax rate of 1.15%. Understanding how these areas compare with Forbestown 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 Forbestown Tax Rate
1.15%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | 1.06% | 1.11% | 1.15% | 1.17% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Forbestown, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Forbestown, 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 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. In Forbestown, 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 Forbestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Forbestown is $99,225, with tax bills ranging from the 25th percentile at $467 to the 90th percentile at $2,879. The highest and lowest median tax bill is $992 in zip code 95941.
Average Forbestown Assessed Value
$99,225
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 Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | $25,000 | $49,828 | $99,225 | $176,259 | $258,747 |
Source: Ownwell
Property Tax Bills Across Forbestown, California
In Forbestown, Butte County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the county assessor. The assessed value is influenced by the property's market value, which can fluctuate with real estate trends. Homeowners in Forbestown experience a range of property tax bills, with the 25th percentile at $467 and the 75th percentile reaching $1,955. The 90th percentile tax bill can go up to $2,879, indicating significant variability depending on property value. The median home price in Forbestown is $99,225, and the median tax bill stands at $992. This is considerably lower than the national median property tax rate of 0.99%, reflecting the relatively lower property values in the area. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and the benefits derived from their tax contributions.
Average Forbestown Tax Bill
$992
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | $229 | $467 | $992 | $1,955 | $2,879 |
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 |