Smith River, California Property Taxes
The median property tax rate in Smith River, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Smith River at $174,942, the typical annual property tax bill amounts to $1,759, which is below the national median of $2,690. Property taxes in Smith River are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Smith River'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 Smith River 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
Smith River, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,837
$1,735
Ownwell’s Smith River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smith River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smith River 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 Smith River, California
Property taxes in Smith River, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smith River is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Smith River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smith River 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 Smith River's effective property tax rate to other counties in California and the national median. For comparison, the 95567 zip code has the highest median property tax rate of 1.05%, while the 95567 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Smith River provides valuable insights into the varying tax landscape across Del Norte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smith River Tax Rate
1.05%
Average Del Norte County Tax Rate
1.06%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smith River, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95567 | 0.94% | 1.02% | 1.05% | 1.07% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Smith River, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Smith River, 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 Del Norte 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 Smith River, 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 Smith River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,759, found in zip code 95567.
Average Smith River Assessed Value
$174,942
Average Del Norte County Assessed Value
$167,323
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smith River, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95567 | $10,623 | $42,987 | $174,942 | $354,061 | $618,137 |
Source: Ownwell
Property Tax Bills Across Smith River, California
In Smith River, located in Del Norte County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The tax rate is applied to this assessed value to derive the annual tax bill. Factors such as property improvements, market conditions, and local tax levies influence the assessed value. For instance, the median home price in Smith River is $174,942. Homeowners in this area experience a range of tax bills. At the 25th percentile, tax bills can be as low as $331, while those at the 75th percentile might see bills around $3,591. The 90th percentile reaches up to $6,333. The median tax bill in Smith River is $1,759, which is higher than the national median property tax rate of 0.99%. These taxes fund essential local services, such as schools, public safety, and infrastructure, impacting the overall quality of life for residents. Understanding how these factors interplay can help homeowners better anticipate and manage their property tax obligations.
Average Smith River Tax Bill
$1,759
Average Del Norte County Tax Bill
$1,752
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Smith River, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95567 | $65 | $331 | $1,759 | $3,591 | $6,333 |
Source: Ownwell