Butte Meadows, California Property Taxes
The median property tax rate in Butte Meadows, CA is 1.12%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $84,897 in Butte Meadows, the typical annual property tax bill amounts to $972, surpassing the national median of $2,690. Property taxes in Butte Meadows 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 Butte Meadows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Butte Meadows 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
Butte Meadows, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$951
$898
Ownwell’s Butte Meadows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butte Meadows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butte Meadows 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 Butte Meadows, California
Property taxes in Butte Meadows, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte Meadows is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Butte Meadows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butte Meadows 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 Butte Meadows' effective property tax rate to other counties in California and the national median. For comparison, the zip code 95942 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Butte Meadows 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 Butte Meadows Tax Rate
1.12%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butte Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | 1.11% | 1.11% | 1.12% | 1.13% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Butte Meadows, California
In Butte Meadows, 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. 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 Butte Meadows helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Butte Meadows, the median home price is $84,897. The highest and lowest median tax bills are both $972, in the zip code 95942.
Property Tax Assessment Values Across Butte Meadows, California
Source: Ownwell
$13,646
$169,275
$324,903
Average Butte Meadows Assessed Value
$84,897
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 Butte Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | $33,287 | $42,622 | $84,897 | $178,020 | $418,721 |
Source: Ownwell
Property Tax Bills Across Butte Meadows, California
In Butte Meadows, located in Butte County, CA, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and is typically influenced by the property's market value. Homeowners in Butte Meadows face a median home price of $84,897. Property tax rates in this region are influenced by local government budgets and voter-approved measures. The property tax bill for a homeowner in Butte Meadows can vary significantly. For instance, the 25th percentile tax bill is around $718, while the 75th percentile tax bill reaches $2,006. At the higher end, the 90th percentile tax bill can soar to $4,699. The highest median tax bill in the area is $972, which is relatively lower compared to the national median property tax rate of 0.99%. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners must budget for these taxes annually, as they can represent a significant portion of homeownership costs.
Average Butte Meadows Tax Bill
$972
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Butte Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95942 | $377 | $718 | $972 | $2,006 | $4,699 |
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 |