Rio Oso, California Property Taxes
The median property tax rate in Rio Oso, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Rio Oso, the typical annual property tax bill reaches $2,537, which is below the national median of $2,690. Property taxes in Rio Oso 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 Rio Oso'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 Rio Oso 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
Rio Oso, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,569
$2,426
Ownwell’s RIO OSO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RIO OSO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RIO OSO 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 Rio Oso, California
Property taxes in Rio Oso, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rio Oso is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Rio Oso set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rio Oso 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 Rio Oso's effective property tax rate to other counties in California and the national median. For comparison, the 95674 zip code has the highest median property tax rate of 1.05%, while the 95674 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Rio Oso provides valuable insights into the varying tax landscape across Sutter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rio Oso Tax Rate
1.05%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rio Oso, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95674 | 0.99% | 1.03% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Rio Oso, California
In Rio Oso, 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 local appraisal district 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 Rio Oso, 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 Rio Oso helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2537 in zip code 95674, which is also the lowest median tax bill.
Average Rio Oso Assessed Value
$244,620
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rio Oso, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95674 | $41,779 | $105,208 | $244,620 | $419,622 | $647,356 |
Source: Ownwell
Property Tax Bills Across Rio Oso, California
In Rio Oso, CA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is typically a percentage of the home's market value. For homeowners in Rio Oso, the median home price stands at $244,620. Property tax rates in this area hover around the national median rate of 0.99%, but specific tax bills can vary widely. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and local tax rates. For instance, tax bills in Rio Oso range from the 25th percentile at $1,079 to the 75th percentile at $4,356, with the 90th percentile reaching up to $6,752. The highest and lowest median tax bills in the area are both $2,537, found in the zip code 95674. These property taxes significantly impact homeowners by contributing to public services like schools, infrastructure, and emergency services, making it crucial for homeowners to understand how their tax bills are determined.
Average Rio Oso Tax Bill
$2,537
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Rio Oso, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95674 | $422 | $1,079 | $2,537 | $4,356 | $6,752 |
Source: Ownwell