Soldier Meadows, California Property Taxes
The median property tax rate in Soldier Meadows, CA is 1.09%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Soldier Meadows, the typical annual property tax bill reaches $2,041, falling below the national median of $2,690. Property taxes in Soldier Meadows 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 Soldier Meadows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Soldier Meadows 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
Soldier Meadows, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,050
$1,936
Ownwell’s Soldier Meadows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soldier Meadows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soldier Meadows 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 Soldier Meadows, California
Property taxes in Soldier Meadows, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soldier Meadows is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Soldier Meadows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soldier Meadows 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 Soldier Meadows' effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the county is 1.15%, while the lowest median tax rate is 0.95%. Understanding how these cities compare with Soldier Meadows 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 Soldier Meadows Tax Rate
1.09%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soldier Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Soldier Meadows, California
In Soldier Meadows, 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 Soldier Meadows, 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 25th percentile tax bill in Soldier Meadows is $1,369, while the 75th percentile tax bill is $2,712. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Soldier Meadows, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Soldier Meadows Assessed Value
$188,060
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 Soldier Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Soldier Meadows, California
In Soldier Meadows, located in Plumas County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is often a percentage of the property's market value, and in California, this is typically set at 1% of the market value plus any voter-approved local taxes and assessments. For instance, with a median home price of $188,060, homeowners can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $1,369, while at the 75th percentile, they rise to about $2,712. For those at the 90th percentile, the tax bill can reach up to $3,115. These figures illustrate the range of tax burdens homeowners might face, depending on the assessed value of their property. Compared to the national median property tax rate of 0.99%, the tax rates in Soldier Meadows reflect the local economic conditions and funding needs for public services, impacting homeowners' annual financial planning.
Average Soldier Meadows Tax Bill
$2,041
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Soldier Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell