Goodyears Bar, California Property Taxes
The median property tax rate in Goodyears Bar, CA is 1.24%, which is considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Goodyears Bar, the typical annual property tax bill reaches $2,090, which is below the national median of $2,690. Property taxes in Goodyears Bar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Goodyears Bar'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 Goodyears Bar 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
Goodyears Bar, 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 Goodyears Bar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodyears Bar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodyears Bar 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 Goodyears Bar, California
Property taxes in Goodyears Bar, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodyears Bar is 1.24%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Goodyears Bar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodyears Bar 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 Goodyears Bar's effective property tax rate to other areas in California and the national median. For comparison, the 95944 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Goodyears Bar provides valuable insights into the varying tax landscape across Sierra County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goodyears Bar Tax Rate
1.24%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodyears Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95944 | 1.06% | 1.14% | 1.24% | 1.48% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Goodyears Bar, California
In Goodyears Bar, 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 Sierra 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 Goodyears Bar, 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. For instance, the highest median tax bill in the area is $2,090 in the 95944 zip code, which is also the lowest median tax bill, reflecting a uniformity in tax assessments. 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 Goodyears Bar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Goodyears Bar, California
Source: Ownwell
$31,721
$629,076
$1,226,430
Average Goodyears Bar Assessed Value
$171,512
Average Sierra County Assessed Value
$186,631
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goodyears Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95944 | $61,415 | $86,226 | $171,512 | $307,449 | $452,915 |
Source: Ownwell
Property Tax Bills Across Goodyears Bar, California
In Goodyears Bar, Sierra County, CA, property tax bills are determined based on the assessed value of your home. The assessed value is typically a percentage of the market value of the property. Factors such as the home's purchase price, improvements, and market conditions influence this assessed value. For instance, the median home price in Goodyears Bar is $171,512, which provides a baseline for the assessed value calculations. Homeowners in Goodyears Bar can expect their property tax bills to vary significantly. The 25th percentile of tax bills is around $1,274, while the 75th percentile reaches up to $3,533, and the 90th percentile can be as high as $4,610. These variations reflect differences in property values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, residents of Goodyears Bar experience a range of tax burdens. This can have a substantial impact on homeowners' annual expenses, influencing decisions about property investments and financial planning.
Average Goodyears Bar Tax Bill
$2,090
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodyears Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95944 | $1,028 | $1,274 | $2,090 | $3,533 | $4,610 |
Source: Ownwell