Grimes, California Property Taxes
The median property tax rate in Grimes, CA is 1.12%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $86,570, the typical annual property tax bill in Grimes amounts to $887, which is significantly below the national median of $2,690. Property taxes in Grimes are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Grimes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grimes or another part of Colusa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grimes, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$970
$916
Ownwell’s Grimes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grimes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grimes 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 Grimes, California
Property taxes in Grimes, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grimes is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Grimes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grimes 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 Grimes's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95950 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 Grimes provides valuable insights into the varying tax landscape across Colusa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grimes Tax Rate
1.12%
Average Colusa County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grimes, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95950 | 1.07% | 1.07% | 1.12% | 1.20% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Grimes, California
In Grimes, 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 Colusa 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 Grimes, 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 Grimes is $86,570, with tax bills ranging from $422 at the 25th percentile to $2,510 at the 90th percentile. 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 Grimes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grimes Assessed Value
$86,570
Average Colusa County Assessed Value
$181,785
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grimes, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95950 | $21,172 | $38,782 | $86,570 | $137,843 | $265,139 |
Source: Ownwell
Property Tax Bills Across Grimes, California
In Grimes, property tax bills are calculated based on the assessed value of your property, which is determined by the Colusa County Assessor. For most properties, the assessed value is initially set at the purchase price and can increase by a maximum of 2% per year. The property tax rate in Grimes is influenced by local tax levies and voter-approved bonds, but it generally hovers around the state average. For example, with a median home price of $86,570, homeowners in Grimes might see a tax bill ranging from $422 at the 25th percentile to $1,403 at the 75th percentile. At the 90th percentile, tax bills can reach up to $2,510. These figures illustrate that while the tax burden can vary, it remains relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual housing costs and long-term financial planning.
Average Grimes Tax Bill
$887
Average Colusa County Tax Bill
$1,887
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Grimes, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95950 | $229 | $422 | $887 | $1,403 | $2,510 |
Source: Ownwell