East Quincy, California Property Taxes
The median property tax rate in East Quincy, CA is 1.12%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in East Quincy, the typical annual property tax bill reaches $4,490, exceeding the national median of $2,690. Property taxes in East Quincy 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 East Quincy'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 East Quincy 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
East Quincy, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$4,571
$4,316
Ownwell’s East Quincy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Quincy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Quincy 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 East Quincy, California
Property taxes in East Quincy, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Quincy is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within East Quincy set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Quincy 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 East Quincy's effective property tax rate to other counties in California and the national median. For comparison, the 95971 zip code has both the highest and lowest median property tax rate of 1.12%. Understanding how these cities compare with East Quincy 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 East Quincy Tax Rate
1.12%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | 1.06% | 1.11% | 1.12% | 1.13% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across East Quincy, California
In East Quincy, 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 county appraisal district 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 East Quincy, 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. The median home price in East Quincy is $408,086, with tax bills ranging from $2,125 at the 25th percentile to $7,388 at the 90th percentile. The highest and lowest median tax bills in the area are both $4,490, found in zip code 95971. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Quincy Assessed Value
$408,086
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 East Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $106,933 | $177,997 | $408,086 | $562,904 | $662,250 |
Source: Ownwell
Property Tax Bills Across East Quincy, California
In East Quincy, Plumas County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the Plumas County Assessor. This assessed value is typically a percentage of the property's market value, and it serves as the basis for the tax rate application. The median home price in East Quincy is $408,086, which influences the overall tax bill homeowners receive. Various factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. For instance, the 25th percentile tax bill in this area is $2,125, while the 75th percentile tax bill is significantly higher at $5,689. The 90th percentile tax bill can go up to $7,388, reflecting how different factors contribute to the final amount due. Comparatively, the national median property tax rate is 0.99%, and understanding these nuances helps homeowners in East Quincy anticipate their financial responsibilities. High property taxes can impact homeowners by increasing annual expenses, but they also contribute to local services and infrastructure.
Average East Quincy Tax Bill
$4,490
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across East Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $1,253 | $2,125 | $4,490 | $5,689 | $7,388 |
Source: Ownwell