Maxwell, California Property Taxes
The median property tax rate in Maxwell, CA is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Maxwell at $109,677, the typical annual property tax bill reaches $1,327, exceeding the national median of $2,690. Property taxes in Maxwell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maxwell'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 Maxwell 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
Maxwell, 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 Maxwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxwell 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 Maxwell, California
Property taxes in Maxwell, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxwell is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maxwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxwell 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 Maxwell's effective property tax rate to other counties in California and the national median. For comparison, the 95955 zip code has the highest median property tax rate of 1.26%, while the 95955 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Maxwell 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 Maxwell Tax Rate
1.26%
Average Colusa County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxwell, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95955 | 0.99% | 1.13% | 1.26% | 1.55% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Maxwell, California
In Maxwell, 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 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 Maxwell, 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 Maxwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Maxwell is $109,677, with the highest median tax bill recorded at $1,327 in zip code 95955.
Average Maxwell Assessed Value
$109,677
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 Maxwell, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95955 | $36,184 | $62,468 | $109,677 | $187,742 | $285,575 |
Source: Ownwell
Property Tax Bills Across Maxwell, California
In Maxwell, located in Colusa County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is often influenced by the property's market value and any improvements made. Homeowners in Maxwell typically face a median property tax rate of 0.99%, aligning with the national median. For example, with a median home price of $109,677, the 25th percentile tax bill is around $906, while the 75th percentile reaches approximately $2,096. The highest median tax bill in the area is $1,327, recorded in the 95955 zip code. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Higher-valued properties or those with fewer exemptions generally result in higher tax bills. This system ensures that property taxes are proportionate to the property's value, impacting homeowners by requiring them to budget for these annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Maxwell Tax Bill
$1,327
Average Colusa County Tax Bill
$1,887
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxwell, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95955 | $592 | $906 | $1,327 | $2,096 | $3,162 |
Source: Ownwell