Butte Valley, California Property Taxes
The median property tax rate in Butte Valley, CA is 2.81%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Butte Valley at $270,112, the typical annual property tax bill reaches $5,894, exceeding the national median of $2,690. Property taxes in Butte Valley are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Butte Valley'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 Butte Valley 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 Valley, 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 Butte Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butte Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butte Valley 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 Valley, California
Property taxes in Butte Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte Valley is 2.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Butte Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butte Valley 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 Valley's effective property tax rate to the national median. For comparison, the 95965 zip code has the highest median property tax rate of 2.81%, while the same zip code also has the lowest median tax rate of 2.81%. Understanding how these figures compare with Butte Valley 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 Valley Tax Rate
2.81%
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 Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | 1.72% | 2.13% | 2.81% | 3.50% | 3.91% |
Source: Ownwell
Property Tax Assessment Values Across Butte Valley, California
In Butte Valley, CA, 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 Butte Valley, 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 Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Butte Valley is $270,112, with the highest median tax bill being $5,894 in the 95965 zip code.
Property Tax Assessment Values Across Butte Valley, California
Source: Ownwell
$13,646
$169,275
$324,903
Average Butte Valley Assessed Value
$270,112
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 Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | $169,820 | $207,430 | $270,112 | $332,795 | $370,405 |
Source: Ownwell
Property Tax Bills Across Butte Valley, California
In Butte Valley, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the home. For example, with a median home price of $270,112, the assessed value forms the basis for the property tax calculation. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including recent sales of comparable properties, improvements made to the property, and overall market conditions. Homeowners in Butte Valley can expect tax bills around the median of $5894, with the 25th percentile at $5817 and the 75th percentile at $5971. This range indicates a relatively narrow spread in tax bills, providing a predictable financial obligation for homeowners. Compared to the national median property tax rate of 0.99%, Butte Valley's property taxes reflect the region's unique market dynamics. Understanding these factors can help homeowners anticipate their annual property tax responsibilities accurately.
Average Butte Valley Tax Bill
$5,894
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 Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | $5,771 | $5,817 | $5,894 | $5,971 | $6,017 |
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 |