Newell, California Property Taxes
The median property tax rate in Newell, 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 $158,693 in Newell, the typical annual property tax bill is $1,611, which is below the national median of $2,690. Property taxes in Newell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Newell'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 Newell or another part of Modoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newell, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,619
$1,529
Ownwell’s Newell Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Newell with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Newell to provide an accurate estimate of your property tax bill. This valuable tool helps you comprehend your potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Newell, California
Property taxes in Newell, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Newell is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Newell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newell 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 Newell's effective property tax rate to other counties in California and the national median. For comparison, the 96134 zip code has the highest median property tax rate of 1.02%, while the same 96134 zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Newell provides valuable insights into the varying tax landscape across Modoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newell Tax Rate
1.02%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newell, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96134 | 0.99% | 0.99% | 1.02% | 1.06% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Newell, California
In Newell, 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 Modoc 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 Newell, 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 Newell 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 96134, with a median tax bill of $1,611.00.
Average Newell Assessed Value
$158,693
Average Modoc County Assessed Value
$83,080
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newell, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96134 | $23,591 | $57,603 | $158,693 | $200,929 | $447,963 |
Source: Ownwell
Property Tax Bills Across Newell, California
In Newell, located in Modoc County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value typically reflects the market value of the property at the time of purchase, and it can be adjusted annually based on inflation or significant improvements. The tax rate is applied to this assessed value, and in Newell, the median property tax rate is consistent with the national median of 0.99%. Homeowners in Newell can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $585, while the 75th percentile tax bill reaches approximately $2,018. At the higher end, the 90th percentile tax bill can be as much as $4,300. These variations depend on factors such as the property's location, size, and any applicable exemptions or deductions. Understanding these factors can help homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Newell Tax Bill
$1,611
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Newell, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96134 | $313 | $585 | $1,611 | $2,018 | $4,300 |
Source: Ownwell