Willows, California Property Taxes
The median property tax rate in Willows, CA is 1.02%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $79,269 in Willows, the typical annual property tax bill is around $748, which is significantly below the national median of $2,690. Property taxes in Willows are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Willows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Willows or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willows, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$809
$764
Ownwell’s Willows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willows 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 Willows, California
Property taxes in Willows, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willows is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Willows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willows 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 Willows' effective property tax rate to other counties in California and the national median. For comparison, the 95988 zip code has the highest median property tax rate of 1.02%, while the 95988 zip code has the lowest median tax rate of 1.02%. Understanding how these cities compare with Willows 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 Willows Tax Rate
1.02%
Average Colusa County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95988 | 0.97% | 1.00% | 1.02% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Willows, California
In Willows, 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 Willows, 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 Willows helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the zip code 95988 has both the highest and lowest median tax bill, which stands at $748. This is significantly lower than the national median property tax rate of 0.99%, making it essential for property owners to stay informed and proactive in managing their tax liabilities.
Average Willows Assessed Value
$79,269
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 Willows, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95988 | $36,792 | $53,386 | $79,269 | $213,378 | $255,341 |
Source: Ownwell
Property Tax Bills Across Willows, California
Property tax bills in Willows, located in Colusa County, CA, are determined based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as the size of the property, location, and any improvements made. In Willows, the median home price is $79,269, and property tax rates are applied to this assessed value to calculate the annual tax bill. For homeowners in Willows, property tax bills can vary significantly. The 25th percentile tax bill stands at $560, while at the 75th percentile, it rises to $2,134. Those in the 90th percentile can expect to pay around $2,549. Compared to the national median property tax rate of 0.99%, Willows presents a varied landscape for property taxes, affecting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Willows Tax Bill
$748
Average Colusa County Tax Bill
$1,887
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Willows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95988 | $392 | $560 | $748 | $2,134 | $2,549 |
Source: Ownwell