Grizzly Road, California Property Taxes
The median property tax rate in Grizzly Road, CA, is 1.06%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value in Grizzly Road, the typical annual property tax bill reaches $2,888, surpassing the national median of $2,690. Property taxes in Grizzly Road 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 Grizzly Road'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 Grizzly Road 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
Grizzly Road, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,877
$2,717
Ownwell’s Grizzly Road Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grizzly Road with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grizzly Road 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 Grizzly Road, California
Property taxes in Grizzly Road, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grizzly Road 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 Grizzly Road set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grizzly Road 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 Grizzly Road'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 1.15%, while the lowest median tax rate is 0.75%. Understanding how these cities compare with Grizzly Road 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 Grizzly Road 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 Grizzly Road, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Grizzly Road, California
In Grizzly Road, 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 Grizzly Road, 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 Grizzly Road helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Grizzly Road is $271,428, with tax bills ranging from $2,888 at the 25th percentile to $2,888 at the 90th percentile.
Property Tax Assessment Values Across Grizzly Road, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Grizzly Road Assessed Value
$271,428
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 Grizzly Road, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Grizzly Road, California
In Grizzly Road, located in Plumas County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the county assessor. The assessed value is influenced by factors such as the property's market value, recent sales of comparable properties, and any improvements or modifications made to the property. Once the assessed value is established, the property tax rate is applied to determine the annual tax bill. For homeowners in Grizzly Road, the median home price stands at $271,428. Given the property tax rate of Plumas County, homeowners can expect their tax bills to be around $2,888, which is consistent across the 25th, 75th, and 90th percentiles. This amount is relatively higher compared to the national median property tax rate of 0.99%, reflecting the specific economic and real estate conditions in the area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their annual property tax bills.
Average Grizzly Road Tax Bill
$2,888
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Grizzly Road, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell