Big Valley, California Property Taxes
The median property tax rate in Big Valley, CA is 1.01%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $147,150, the typical annual property tax bill in Big Valley reaches $1,361, which is below the national median of $2,690. Property taxes in Big Valley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Big Valley'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 Big Valley 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
Big Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,486
$1,404
Ownwell’s BIG VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG VALLEY 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 Big Valley, California
Property taxes in Big Valley, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Valley is 1.01%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Big Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Valley 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 Big Valley's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in Lassen County is 1.01%, while the lowest median tax rate is also 1.01%. Understanding how these cities compare with Big Valley provides valuable insights into the varying tax landscape across Lassen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Valley Tax Rate
1.01%
Average Lassen County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Big Valley, California
In Big Valley, 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 Lassen 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 Big Valley, 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 Big Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Big Valley is $147,150, with tax bills ranging from $563 at the 25th percentile to $5,136 at the 90th percentile.
Average Big Valley Assessed Value
$147,150
Average Lassen County Assessed Value
$145,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Big Valley, California
In Big Valley, Lassen 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 often a percentage of the property's market value. In this region, homeowners can expect a range of tax bills. For instance, at the 25th percentile, property tax bills are around $563, while at the 75th percentile, they rise to $2,999. Some homeowners, particularly those with higher-valued properties, may see tax bills as high as $5,136 at the 90th percentile. These figures illustrate how property taxes can vary significantly based on property value. The median home price in Big Valley is $147,150, which provides a baseline for understanding how these tax bills are derived. Compared to the national median property tax rate of 0.99%, the rates in Big Valley reflect the local real estate market and assessment practices. This variability affects homeowners by influencing their annual financial planning and the overall affordability of owning property in the area.
Average Big Valley Tax Bill
$1,361
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell