Cascade, California Property Taxes
The median property tax rate in Cascade, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Cascade, the typical annual property tax bill reaches $219, significantly below the national median of $2,690. Property taxes in Cascade 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 Cascade'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 Cascade 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
Cascade, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$218
$206
Ownwell’s Cascade Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cascade with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cascade to project your property tax bill. This intuitive tool provides a clear understanding of potential tax liabilities, making it easier for you to plan your finances. For those interested in more granular insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by Plumas County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Cascade, California
Property taxes in Cascade, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Cascade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade 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 Cascade's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 06063, with a rate of 1.06%, while other areas may have varying rates. Understanding how these cities compare with Cascade 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 Cascade 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 Cascade, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Cascade, California
In Cascade, 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 Cascade, 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 Cascade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cascade is $20,611, with tax bills ranging from $218 at the 25th percentile to $358 at the 90th percentile.
Average Cascade Assessed Value
$20,611
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 Cascade, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Cascade, California
In Cascade, located in Plumas County, CA, property tax bills are primarily calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is influenced by factors such as the property's market value and any improvements made to it. The tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Cascade, the median home price is $20,611, which is relatively lower compared to the national median. Consequently, the property tax bills in this area also tend to be lower. For instance, the tax bill at the 25th percentile is $218, while at the 75th percentile, it is $306. At the higher end, the 90th percentile tax bill is $358. These tax bills can significantly impact homeowners, as they form a part of the ongoing costs of owning a property. Lower property taxes can make homeownership more affordable, whereas higher taxes might strain household budgets. Understanding how these taxes are calculated helps homeowners plan their finances better.
Average Cascade Tax Bill
$219
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell