Genesee, California Property Taxes
The median property tax rate in Genesee, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Genesee of $38,166, the typical annual property tax bill amounts to $409, which is significantly below the national median of $2,690. Property taxes in Genesee are calculated based on the assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Genesee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Genesee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Genesee, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Genesee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Genesee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Genesee 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 Genesee, California
Property taxes in Genesee, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Genesee is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Genesee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Genesee 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 Genesee's effective property tax rate to other counties in California and the national median. For comparison, the 95983 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Genesee 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 Genesee 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 Genesee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95983 | 1.06% | 1.06% | 1.06% | 1.07% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Genesee, California
In Genesee, 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 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 Genesee, 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. The median home price in Genesee is $38,166, with tax bills ranging from $314 at the 25th percentile to $1,000 at the 90th percentile. The zip code 95983 has the highest and lowest median tax bill at $409. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Genesee Assessed Value
$38,166
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 Genesee, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95983 | $28,663 | $29,063 | $38,166 | $63,815 | $93,998 |
Source: Ownwell
Property Tax Bills Across Genesee, California
In Genesee, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is often a percentage of the property's market value. For homeowners in Genesee, the median home price is $38,166, and property taxes are calculated using this value as a baseline. The tax bill is influenced by various factors, including the property's location within Plumas County and any applicable exemptions or deductions. For instance, the tax bill at the 25th percentile is $314, while at the 75th percentile, it rises to $679. At the 90th percentile, homeowners may see a tax bill of up to $1,000. These property taxes help fund local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Genesee's property tax rates can significantly impact homeowners, especially those with properties assessed at higher values. This system ensures that essential community services are maintained while distributing the tax burden relative to property values.
Average Genesee Tax Bill
$409
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Genesee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95983 | $307 | $314 | $409 | $679 | $1,000 |
Source: Ownwell