Bangor, California Property Taxes
The median property tax rate in Bangor, CA is 1.10%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $177,801 in Bangor, the typical annual property tax bill amounts to $1,865, which is below the national median of $2,690. Property taxes in Bangor are calculated based on the tax assessed value, often lower than the market value due to exemptions like the 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 the city, 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
1.1%
Estimate Property Tax Bill
$1,956
$1,815
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bangor is 1.10%, significantly 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 both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Bangor provides valuable insights into the varying tax landscape across Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bangor Tax Rate
1.10%
Average Butte County Tax Rate
1.14%
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 | 1.04% | 1.07% | 1.10% | 1.11% | 1.14% |
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 Butte 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 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. For instance, the median home price in Bangor is $177,801, with tax bills ranging from $979 at the 25th percentile to $4,364 at the 90th percentile. The zip code with the highest and lowest median tax bill is 95914, both at $1,865. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bangor Assessed Value
$177,801
Average Butte County Assessed Value
$214,438
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 | $45,107 | $101,402 | $177,801 | $289,961 | $400,621 |
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. The median home price in Bangor is $177,801. Property tax rates in Bangor are influenced by various factors, including market conditions and local government budgets. Homeowners can expect a range of tax bills, with the 25th percentile at $979 and the 75th percentile reaching $3,177. At the higher end, the 90th percentile tax bill can be as much as $4,364. The highest median tax bill in Bangor is $1,865, which is consistent across the zip code 95914. This figure is higher than the national median property tax rate of 0.99%, reflecting the local economic conditions and public service funding needs. These property taxes significantly impact homeowners by contributing to essential services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Bangor Tax Bill
$1,865
Average Butte County Tax Bill
$2,554
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 | $360 | $979 | $1,865 | $3,177 | $4,364 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Butte Tax Assessor | |
| Website | assr.parcelquest.com |