Sheridan, California Property Taxes
The median property tax rate in Sheridan, CA is 1.08%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Sheridan at $264,668, the typical annual property tax bill reaches $3,424, surpassing the national median of $2,690. Property taxes in Sheridan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sheridan'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 Sheridan 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
Sheridan, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,858
$2,699
Ownwell’s Sheridan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheridan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheridan 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 Sheridan, California
Property taxes in Sheridan, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheridan is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Sheridan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheridan 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 Sheridan's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95681 has the highest median property tax rate of 1.08%, while the same zip code also holds the lowest median tax rate of 1.08%. Understanding how these cities compare with Sheridan 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 Sheridan 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 Sheridan, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95681 | 1.02% | 1.04% | 1.08% | 1.81% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, California
In Sheridan, 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 Sheridan, 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. Sheridan's median home price stands at $264,668, with tax bills ranging significantly. The highest median tax bill is $3,424 in zip code 95681, while the lowest median tax bill is also $3,424 in the same zip code. This knowledge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sheridan Assessed Value
$264,668
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 Sheridan, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95681 | $82,431 | $142,838 | $264,668 | $419,194 | $600,576 |
Source: Ownwell
Property Tax Bills Across Sheridan, California
In Sheridan, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Sheridan, the tax rate hovers around the national median of 0.99%. For homeowners, this means that on a median home price of $264,668, the property tax bill can range significantly. For example, at the 25th percentile, homeowners might pay around $2,453 annually, while at the 75th percentile, the bill can be as high as $4,888. The 90th percentile sees even higher tax bills, reaching up to $6,203. These variations are influenced by factors such as property size, location, and any applicable exemptions. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively. For those residing in the ZIP code 95681, the median tax bill is consistently around $3,424, making it crucial for homeowners to stay informed and plan accordingly.
Average Sheridan Tax Bill
$3,424
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheridan, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95681 | $1,760 | $2,453 | $3,424 | $4,888 | $6,203 |
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 |