Bangor, California Property Taxes
The median property tax rate in Bangor, CA is 1.16%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $81,246 in Bangor, the typical annual property tax bill amounts to $960, which is significantly below the national median of $2,690. Property taxes in Bangor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bangor'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 Bangor or another part of Yuba County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bangor, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$942
$890
Ownwell’s Bangor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bangor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bangor 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 Bangor, California
Property taxes in Bangor, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bangor is 1.16%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bangor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bangor 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 Bangor's effective property tax rate to other counties in California and the national median. For comparison, the 95914 zip code has the highest median property tax rate of 1.16%, while the 95914 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Bangor provides valuable insights into the varying tax landscape across Yuba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bangor Tax Rate
1.16%
Average Yuba County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bangor, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95914 | 1.12% | 1.15% | 1.16% | 1.17% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Bangor, California
In Bangor, 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 Yuba 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 Bangor, 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 Bangor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95914 has the highest and lowest median tax bill at $960.
Average Bangor Assessed Value
$81,246
Average Yuba County Assessed Value
$213,532
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bangor, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95914 | $73,460 | $79,694 | $81,246 | $186,056 | $254,977 |
Source: Ownwell
Property Tax Bills Across Bangor, California
In Bangor, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The median home price in Bangor is $81,246. Homeowners in this area see a range of property tax bills depending on their property's assessed value, with the 25th percentile tax bill at $899 and the 75th percentile tax bill reaching $2,157. At the higher end, the 90th percentile tax bill can be as much as $2,932. These figures are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Bangor's property tax rate can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. For example, in zip code 95914 within Yuba County, the highest and lowest median tax bills are both $960. Understanding these elements helps homeowners anticipate their annual property tax liabilities and manage their finances accordingly.
Average Bangor Tax Bill
$960
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bangor, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95914 | $847 | $899 | $960 | $2,157 | $2,932 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Yuba Tax Assessor | |
| Website | common1.mptsweb.com |