Trowbridge, California Property Taxes
The median property tax rate in Trowbridge, CA is 1.05%, considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Trowbridge, the typical annual property tax bill reaches $2,588, slightly below the national median of $2,690. Property taxes in Trowbridge 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 Trowbridge'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 Trowbridge 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
Trowbridge, 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 Trowbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trowbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trowbridge 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 Trowbridge, California
Property taxes in Trowbridge, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trowbridge is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Trowbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trowbridge 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 Trowbridge's effective property tax rate to other counties in California and the national median. For comparison, the 95659 zip code has the highest median property tax rate of 1.05%, while the 95659 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Trowbridge 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 Trowbridge 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 Trowbridge, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | 1.01% | 1.03% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Trowbridge, California
In Trowbridge, 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 Sutter County 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 Trowbridge, 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 Trowbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,588 in zip code 95659, while the lowest is also $2,588 in the same zip code.
Average Trowbridge Assessed Value
$237,952
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 Trowbridge, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | $61,226 | $98,425 | $237,952 | $364,140 | $538,003 |
Source: Ownwell
Property Tax Bills Across Trowbridge, California
In Trowbridge, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value generally reflects the market value of the property, although it may be adjusted annually based on specific state regulations. Once the assessed value is determined, the tax rate is applied to calculate the annual tax bill. For homeowners in Trowbridge, the median home price stands at $237,952. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,549 and the 75th percentile at $3,820. For those at the higher end, the 90th percentile tax bill reaches $5,731. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Trowbridge align closely with national trends, impacting homeowners' annual financial planning.
Average Trowbridge Tax Bill
$2,588
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Trowbridge, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95659 | $630 | $1,549 | $2,588 | $3,820 | $5,731 |
Source: Ownwell