Citrus Heights, California Property Taxes
The median property tax rate in Citrus Heights, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Citrus Heights at $341,104, the typical annual property tax bill reaches $3,772, surpassing the national median of $2,690. Property taxes in Citrus Heights 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 Citrus Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Citrus Heights 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
Citrus Heights, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,684
$3,480
Ownwell’s Citrus Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Citrus Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Citrus Heights 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 Citrus Heights, California
Property taxes in Citrus Heights, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Citrus Heights is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Citrus Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Citrus Heights 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 Citrus Heights' effective property tax rate to other counties in California and the national median. For comparison, the 95610 zip code has the highest median property tax rate of 1.08%, while the 95610 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Citrus Heights provides valuable insights into the varying tax landscape across Placer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Citrus Heights Tax Rate
1.08%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Citrus Heights, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95610 | 1.05% | 1.06% | 1.08% | 1.14% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Citrus Heights, California
In Citrus Heights, 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 Placer 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 Citrus Heights, 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 Citrus Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Citrus Heights is $3,772 in zip code 95610, while the lowest median tax bill is also $3,772 in the same zip code.
Property Tax Assessment Values Across Citrus Heights, California
Source: Ownwell
$47,009
$463,696
$880,383
Average Citrus Heights Assessed Value
$341,104
Average Placer County Assessed Value
$464,229
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Citrus Heights, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95610 | $246,497 | $258,455 | $341,104 | $450,083 | $509,433 |
Source: Ownwell
Property Tax Bills Across Citrus Heights, California
In Citrus Heights, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Placer County Assessor's Office. The assessed value is typically a percentage of the property's market value. Homeowners in Citrus Heights face a median property tax bill of around $3,772, aligning with the median home price of $341,104. This is higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property improvements, market conditions, and local tax rates. The tax bill can vary significantly, with the 25th percentile at $3,094 and the 75th percentile at $4,747. At the 90th percentile, homeowners might see bills as high as $5,413. These variations are crucial for homeowners to understand as they directly impact annual financial planning and long-term investment in their property. The calculated tax bill ensures that essential public services, such as schools and infrastructure, are adequately funded, thereby enhancing community living standards.
Average Citrus Heights Tax Bill
$3,772
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Citrus Heights, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95610 | $2,961 | $3,094 | $3,772 | $4,747 | $5,413 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Placer Tax Assessor | |
| Website | common1.mptsweb.com |