Quincy, California Property Taxes
The median property tax rate in Quincy, CA is 1.13%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $189,367, the typical annual property tax bill in Quincy reaches $2,101, which is below the national median of $2,690. Property taxes in Quincy are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding 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 Quincy or another part of Plumas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quincy, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,140
$2,021
Ownwell’s Quincy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quincy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Quincy, California
Property taxes in Quincy, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Quincy set these rates annually, and they can vary across different neighborhoods. Each year, 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 Quincy's effective property tax rate to other areas in California and the national median. For comparison, the 95971 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these figures compare with 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 Quincy Tax Rate
1.13%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | 1.08% | 1.11% | 1.13% | 1.18% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Quincy, California
In 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 Plumas County Assessor's Office 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 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. 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 Quincy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Quincy is $2101 in the 95971 zip code, while the lowest median tax bill is also $2101 in the same zip code.
Average Quincy Assessed Value
$189,367
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 Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $50,982 | $115,076 | $189,367 | $278,885 | $366,701 |
Source: Ownwell
Property Tax Bills Across Quincy, California
In Quincy, located in Plumas County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For context, the national median property tax rate is 0.99%. Several factors influence the final tax bill, including property improvements, market conditions, and local government budgets. In Quincy, the median home price stands at $189,367. Tax bills can vary significantly; for example, the 25th percentile tax bill is $1,286, while the 75th percentile reaches $3,018, and the 90th percentile peaks at $3,992. The highest and lowest median tax bills in the area both amount to $2,101, indicating a relatively consistent tax environment within the zip code 95971. For homeowners, understanding these factors is crucial as property taxes directly impact annual financial planning and overall home affordability.
Average Quincy Tax Bill
$2,101
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Quincy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95971 | $601 | $1,286 | $2,101 | $3,018 | $3,992 |
Source: Ownwell