Richvale, California Property Taxes
The median property tax rate in Richvale, CA is 1.08%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $163,200 in Richvale, the typical annual property tax bill amounts to $1,977, falling short of the national median of $2,690. Property taxes in Richvale are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Richvale's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in Richvale or investing in its real estate market, a thorough grasp of the local property tax system is essential for financial planning and maximizing returns.
Last Updated June 14, 2024
Richvale, 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 Richvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richvale 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 Richvale, California
Property taxes in Richvale, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richvale is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Richvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richvale 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 Richvale's effective property tax rate to other areas in Butte County and the national median. For comparison, the zip code 95974 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Richvale 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 Richvale Tax Rate
1.08%
Average Butte County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richvale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95974 | 1.02% | 1.04% | 1.08% | 1.19% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Richvale, California
In Richvale, 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 Richvale, 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 Richvale is $163,200, with tax bills ranging from $1,082 at the 25th percentile to $3,876 at the 90th percentile. The zip code 95974 has the highest and lowest median tax bill of $1,977. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Richvale Assessed Value
$163,200
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 Richvale, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95974 | $43,315 | $88,529 | $163,200 | $247,244 | $338,736 |
Source: Ownwell
Property Tax Bills Across Richvale, California
In Richvale, located in Butte County, CA, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the home. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For example, with a median home price of $163,200, homeowners in Richvale can expect property tax bills varying significantly. The 25th percentile tax bill is around $1,082, whereas the 75th percentile tax bill can reach up to $2,792. At the higher end, the 90th percentile tax bill is approximately $3,876. These property taxes contribute to local services such as schools, public safety, and infrastructure. Homeowners should be aware of these costs as they can significantly impact the affordability of homeownership in the region. Understanding how these factors interplay helps homeowners better anticipate their annual financial obligations.
Average Richvale Tax Bill
$1,977
Average Butte County Tax Bill
$2,554
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Richvale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95974 | $503 | $1,082 | $1,977 | $2,792 | $3,876 |
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 |