Cohasset, California Property Taxes
The median property tax rate in Cohasset, CA is 1.13%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $67,801, the typical annual property tax bill in Cohasset is approximately $790, significantly less than the national median of $2,690. Property taxes in Cohasset are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cohasset's property tax system and exploring available exemptions can lead to substantial annual savings. Whether you're in the heart of Cohasset or another part of Butte County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cohasset, 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 Cohasset Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cohasset with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cohasset 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 Cohasset, California
Property taxes in Cohasset, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cohasset is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Cohasset set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cohasset 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 Cohasset's effective property tax rate to other counties in California and the national median. For comparison, the 95973 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Cohasset 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 Cohasset Tax Rate
1.13%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cohasset, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95973 | 0.94% | 1.10% | 1.13% | 1.16% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Cohasset, California
In Cohasset, 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's Office 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 Cohasset, 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. For instance, the median home price in Cohasset is $67,801. The 25th percentile tax bill is $198, while the 75th percentile tax bill is $1,692. The 90th percentile tax bill reaches up to $3,305. Zip code 95973 has the highest median tax bill at $790. 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 Cohasset helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cohasset Assessed Value
$67,801
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 Cohasset, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95973 | $16,210 | $23,624 | $67,801 | $154,389 | $170,567 |
Source: Ownwell
Property Tax Bills Across Cohasset, California
In Cohasset, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value determined by the county assessor. The median home price in this region is $67,801, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the final tax amount. Homeowners in Cohasset typically see a range of tax bills depending on their property's assessed value. For example, tax bills at the 25th percentile are around $198, while those at the 75th percentile reach approximately $1,692. At the 90th percentile, tax bills can go up to $3,305. These figures show a significant variation compared to the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing annual expenses, potentially affecting affordability. Conversely, lower property taxes can make homeownership more accessible but may also reflect lower public service funding.
Average Cohasset Tax Bill
$790
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cohasset, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95973 | $156 | $198 | $790 | $1,692 | $3,305 |
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 |