Olivehurst, California Property Taxes
The median property tax rate in Olivehurst, CA is 1.23%, slightly higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Olivehurst, the typical annual property tax bill reaches $1,832, which is lower than the national median of $2,690. Property taxes in Olivehurst are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Olivehurst'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 Olivehurst 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
Olivehurst, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,670
$1,577
Ownwell’s Olivehurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Olivehurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Olivehurst 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 Olivehurst, California
Property taxes in Olivehurst, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Olivehurst is 1.23%, notably higher than the U.S. national median of 0.99%. Local government entities within Olivehurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Olivehurst 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 Olivehurst's effective property tax rate to other areas in Yuba County and the national median. For comparison, the 95961 zip code has the highest median property tax rate of 1.23%, while the same 95961 zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Olivehurst 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 Olivehurst Tax Rate
1.23%
Average Yuba County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Olivehurst, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | 1.09% | 1.15% | 1.23% | 1.44% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Olivehurst, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Olivehurst, California. The market value represents 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. Assessment notices in Olivehurst 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. For instance, the median property tax bill in Olivehurst is $1,832, with the zip code 95961 having both the highest and lowest median tax bills. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Olivehurst Assessed Value
$135,783
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 Olivehurst, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | $41,517 | $79,996 | $135,783 | $247,284 | $362,320 |
Source: Ownwell
Property Tax Bills Across Olivehurst, California
Property tax bills in Olivehurst, located in Yuba County, CA, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value typically reflects the market value of the home. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Olivehurst, the median home price is $135,783, leading to varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $1,008, while the 75th percentile tax bill is $3,192. At the 90th percentile, homeowners may see tax bills as high as $5,646. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value. This can significantly impact homeowners' annual expenses, making it essential to understand how these taxes are calculated and to explore possible exemptions or appeals if the assessed value seems inaccurate. The highest and lowest median tax bills in the area are both reported at $1,832, emphasizing a relatively consistent tax rate within the zip code 95961.
Average Olivehurst Tax Bill
$1,832
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Olivehurst, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | $576 | $1,008 | $1,832 | $3,192 | $5,646 |
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 |