Butte City, California Property Taxes
The median property tax rate in Butte City, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Butte City at $88,805, the typical annual property tax bill amounts to $929, falling below the national median of $2,690. Property taxes in Butte City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Butte City'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 City 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 City, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$959
$906
Ownwell’s Butte City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butte City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butte City 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 City, California
Property taxes in Butte City, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte City is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Butte City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butte City 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 City's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95920 has both the highest and lowest median property tax rate of 1.08%. Understanding how these cities compare with Butte City provides valuable insights into the varying tax landscape across Glenn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butte City Tax Rate
1.08%
Average Glenn County Tax Rate
1.12%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butte City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95920 | 0.99% | 1.05% | 1.08% | 1.11% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Butte City, California
In Butte City, 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 Glenn 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 Butte City, 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 City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butte City Assessed Value
$88,805
Average Glenn County Assessed Value
$154,800
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butte City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95920 | $27,634 | $50,638 | $88,805 | $134,098 | $173,400 |
Source: Ownwell
Property Tax Bills Across Butte City, California
In Butte City, located in Glenn County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Butte City can expect a median home price of $88,805. Property tax bills vary significantly, with the 25th percentile tax bill at $502 and the 75th percentile reaching $1,424. At the 90th percentile, homeowners might see tax bills as high as $1,863. These figures highlight the range of property tax obligations within the city. The tax bill is influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Butte City's rates can be seen as relatively moderate. This variability in tax bills can have a substantial impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Butte City Tax Bill
$929
Average Glenn County Tax Bill
$1,881
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Butte City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95920 | $206 | $502 | $929 | $1,424 | $1,863 |
Source: Ownwell