College City, California Property Taxes
The median property tax rate in College City, CA is 1.09%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in College City, the typical annual property tax bill amounts to $858, which is significantly less than the national median of $2,690. Property taxes in College City are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of College City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of College City 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
College City, 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 College City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in College City with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in College City to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across College City, California
Property taxes in College City, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in College City is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within College City set these rates annually, and they can vary significantly across different neighborhoods. Each year, College City 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 College City's effective property tax rate to other counties in California and the national median. For comparison, the 95912 zip code has the highest median property tax rate of 1.09%, while the same 95912 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with College City provides valuable insights into the varying tax landscape across Colusa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average College City Tax Rate
1.09%
Average Colusa County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across College City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95912 | 0.36% | 0.64% | 1.09% | 1.17% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across College City, California
In College City, 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 Colusa County Appraisal District 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 College City, 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 College City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 95912, with a median bill of $858.00, while the same zip code also has the lowest median tax bill at $858.00.
Property Tax Assessment Values Across College City, California
Source: Ownwell
$79,269
$145,677
$212,085
Average College City Assessed Value
$120,000
Average Colusa County Assessed Value
$181,785
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across College City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95912 | $79,278 | $94,548 | $120,000 | $427,500 | $612,000 |
Source: Ownwell
Property Tax Bills Across College City, California
In College City, property tax bills are calculated based on the assessed value of a property, which is typically determined by the county assessor. The assessed value is a percentage of the property's market value and serves as the basis for the tax calculation. The tax rate in College City is influenced by various local and state levies, which are applied to the assessed value to determine the final tax bill. Several factors affect the tax bill, including changes in the property's market value, improvements made to the property, and any applicable exemptions or abatements. For instance, the tax bill at the 25th percentile is $536, reflecting lower assessed values, while at the 75th percentile, it rises to $4,446, indicating higher assessed values. The tax bill at the 90th percentile reaches $6,599, showcasing the impact of higher property values. These property taxes significantly impact homeowners, as they contribute to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and budget accordingly.
Average College City Tax Bill
$858
Average Colusa County Tax Bill
$1,887
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across College City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95912 | $343 | $536 | $858 | $4,446 | $6,599 |
Source: Ownwell