Floriston, California Property Taxes
The median property tax rate in Floriston, CA is 1.44%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Floriston at $181,896, the typical annual property tax bill reaches $2,666, slightly below the national median of $2,690. Property taxes in Floriston 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 Floriston'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 Floriston or another part of Nevada County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Floriston, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$2,619
$2,474
Ownwell’s Floriston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Floriston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Floriston 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 Floriston, California
Property taxes in Floriston, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Floriston is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Floriston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Floriston 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 Floriston's effective property tax rate to other areas in Nevada County and the national median. For comparison, the 96111 zip code has the highest median property tax rate of 1.44%, while the lowest median tax rate in the same zip code is also 1.44%. Understanding how these cities compare with Floriston provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Floriston Tax Rate
1.44%
Average Nevada County Tax Rate
1.16%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Floriston, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96111 | 1.24% | 1.29% | 1.44% | 1.53% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Floriston, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Floriston, California. 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 Nevada 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 Floriston, 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 Floriston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Floriston is $2,666 in the 96111 zip code, while the lowest median tax bill is also $2,666 in the same zip code.
Average Floriston Assessed Value
$181,896
Average Nevada County Assessed Value
$380,629
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Floriston, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96111 | $65,095 | $137,706 | $181,896 | $326,439 | $424,775 |
Source: Ownwell
Property Tax Bills Across Floriston, California
In Floriston, located in Nevada County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Floriston, the median home price stands at $181,896. Property taxes are then calculated by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. In Floriston, the 25th percentile tax bill is $1,995, while the 75th percentile tax bill reaches $4,239. The 90th percentile tax bill can go up to $5,224, indicating a significant range based on property values and other factors. Compared to the national median property tax rate of 0.99%, Floriston homeowners may find their tax bills vary widely, impacting their overall cost of living and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Floriston Tax Bill
$2,666
Average Nevada County Tax Bill
$4,722
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Floriston, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96111 | $1,425 | $1,995 | $2,666 | $4,239 | $5,224 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Nevada Tax Assessor | |
| Website | common2.mptsweb.com |