Honcut, California Property Taxes
The median property tax rate in Honcut, CA is 1.14%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Honcut of $43,069, the typical annual property tax bill is around $355, significantly below the national median of $2,690. Property taxes in Honcut are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Honcut'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 Honcut 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
Honcut, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$491
$456
Ownwell's HONCUT Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in HONCUT to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those curious about trends at a neighborhood level, more localized information is available by scrolling down. Your property’s assessed value, determined by Butte County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Honcut, California
Property taxes in Honcut, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Honcut is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Honcut set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honcut 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 Honcut's effective property tax rate to other counties in California and the national median. For comparison, the 95965 zip code has the highest median property tax rate of 1.14%, while the 95965 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Honcut 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 Honcut Tax Rate
1.14%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Honcut, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Honcut, California
In Honcut, 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 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. In Honcut, 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 Honcut helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $355 in the 95965 zip code.
Average Honcut Assessed Value
$43,069
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 Honcut, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | $43,069 | $43,069 | $43,069 | $43,069 | $43,069 |
Source: Ownwell
Property Tax Bills Across Honcut, California
In HONCUT, located in Butte County, CA, property tax bills are calculated based on the assessed value of the property. The assessment is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in HONCUT, the median home price is $43,069. Using this assessed value, the property tax rate is applied to calculate the annual tax bill. Several factors influence the final tax amount, including local tax rates, which can vary within the county. For instance, the 25th percentile tax bill in HONCUT is $286, while the 75th percentile tax bill is $424, and the 90th percentile tax bill reaches $465. These figures illustrate the range of property taxes that homeowners might expect to pay, depending on their specific property assessments and applicable rates. Compared to the national median property tax rate of 0.99%, HONCUT's property taxes are relatively low, which can be a financial relief for homeowners, making homeownership more affordable in this region.
Average Honcut Tax Bill
$355
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Honcut, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95965 | $244 | $286 | $355 | $424 | $465 |
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 |