Montgomery Creek, California Property Taxes
The median property tax rate in Montgomery Creek, CA, is 1.05%, 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 $153,934 in Montgomery Creek, the typical annual property tax bill is $1,509, which is below the national median of $2,690. Property taxes in Montgomery Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Montgomery Creek'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 Montgomery Creek 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
Montgomery Creek, 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 Montgomery Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montgomery Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montgomery Creek 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 Montgomery Creek, California
Property taxes in Montgomery Creek, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montgomery Creek is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Montgomery Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montgomery Creek 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 Montgomery Creek's effective property tax rate to other counties in California and the national median. For comparison, the 96065 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Montgomery Creek provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montgomery Creek Tax Rate
1.05%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montgomery Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96065 | 1.00% | 1.02% | 1.05% | 1.07% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Montgomery Creek, California
In Montgomery Creek, 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 Shasta 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 Montgomery Creek, 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 Montgomery Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1509.00 in the 96065 zip code, which also has the lowest median tax bill, highlighting the uniformity in tax burdens within this community.
Property Tax Assessment Values Across Montgomery Creek, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average Montgomery Creek Assessed Value
$153,934
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montgomery Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96065 | $44,952 | $82,171 | $153,934 | $243,693 | $346,519 |
Source: Ownwell
Property Tax Bills Across Montgomery Creek, California
In Montgomery Creek, located in Shasta County, CA, property tax bills are calculated based on the assessed value of the property. This assessed value is typically determined by the property's market value at the time of purchase and can be adjusted annually based on inflation or significant changes to the property. The property tax rate in Montgomery Creek is influenced by the county's rate, which is then applied to the assessed value to calculate the tax bill. Homeowners in Montgomery Creek can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $791, while the 75th percentile tax bill reaches approximately $2,517. At the higher end, the 90th percentile tax bill can be as much as $3,568. These figures highlight the range of property tax obligations that homeowners might face, depending on their property’s assessed value. Given that the national median property tax rate is 0.99%, Montgomery Creek's property tax landscape showcases the variability that can exist within a single region, impacting homeowners' financial planning and budgeting.
Average Montgomery Creek Tax Bill
$1,509
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Montgomery Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96065 | $427 | $791 | $1,509 | $2,517 | $3,568 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |