Butt Lake, California Property Taxes
The median property tax rate in Butt Lake, CA is 1.06%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $111,673 in Butt Lake, the typical annual property tax bill amounts to $1,188, surpassing the national median of $2,690. Property taxes in Butt Lake are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence exemption. Understanding Butt Lake'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 Butt Lake 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
Butt Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,184
$1,118
Ownwell’s Butt Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butt Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butt Lake 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 Butt Lake, California
Property taxes in Butt Lake, CA, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Butt Lake is 1.06%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Butt Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butt Lake 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 Butt Lake's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the county is 1.06%, while the lowest median tax rate is also 1.06%. Understanding how these cities compare with Butt Lake provides valuable insights into the varying tax landscape across Plumas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butt Lake Tax Rate
1.06%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butt Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Butt Lake, California
In Butt Lake, 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 Plumas 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 Butt Lake, 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. For instance, the median home price in Butt Lake is $111,673, with tax bills ranging from $898 at the 25th percentile to $2,294 at the 90th percentile. 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 Butt Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butt Lake Assessed Value
$111,673
Average Plumas County Assessed Value
$216,793
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butt Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Butt Lake, California
In Butt Lake, Plumas County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Homeowners in Butt Lake can expect their property tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. For instance, the median home price in Butt Lake is $111,673. The property tax rate in Plumas County is applied to this assessed value to determine the final tax bill. Homeowners in the 25th percentile can expect a tax bill around $898, while those in the 75th percentile may see bills closer to $1,879. At the 90th percentile, tax bills can reach up to $2,294. These figures illustrate the range of property tax obligations that homeowners in Butt Lake may face, highlighting the importance of understanding local tax rates and assessed values. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating the property tax burden in Butt Lake.
Average Butt Lake Tax Bill
$1,188
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Butt Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell