Hamilton City, California Property Taxes
The median property tax rate in Hamilton City, CA is 1.34%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Hamilton City at $121,611, the typical annual property tax bill reaches $1,586, which is below the national median of $2,690. Property taxes in Hamilton City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hamilton 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 Hamilton 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
Hamilton City, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,630
$1,539
Ownwell’s Hamilton City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamilton City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamilton 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 Hamilton City, California
Property taxes in Hamilton 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 Hamilton City is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hamilton City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamilton 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 Hamilton City's effective property tax rate to other areas in Glenn County and the national median. For comparison, the zip code 95951 has both the highest and lowest median property tax rate of 1.34%. Understanding how these areas compare with Hamilton 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 Hamilton City Tax Rate
1.34%
Average Glenn County Tax Rate
1.12%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95951 | 1.15% | 1.24% | 1.34% | 1.53% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton City, California
In Hamilton City, CA, 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 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 Hamilton 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 Hamilton City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the ZIP code 95951 has both the highest and lowest median tax bill, standing at $1586.
Property Tax Assessment Values Across Hamilton City, California
Source: Ownwell
$11,476
$97,767
$184,057
Average Hamilton City Assessed Value
$121,611
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 Hamilton City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95951 | $37,383 | $70,907 | $121,611 | $169,154 | $229,754 |
Source: Ownwell
Property Tax Bills Across Hamilton City, California
In Hamilton City, located in Glenn County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value typically reflects the market value of the property at the time of purchase, adjusted annually for inflation. Homeowners in Hamilton City experience a range of property tax bills, with the 25th percentile at $1,043 and the 75th percentile reaching $2,089. The 90th percentile tax bill can go as high as $2,701, showing significant variability based on property values. Factors such as home improvements, neighborhood developments, and changes in the local real estate market can influence the assessed value and, consequently, the property tax bill. For comparison, the national median property tax rate is 0.99%, making Hamilton City's tax rates competitive. Homeowners need to be aware of these dynamics as they can significantly impact annual expenses and long-term financial planning.
Average Hamilton City Tax Bill
$1,586
Average Glenn County Tax Bill
$1,881
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95951 | $706 | $1,043 | $1,586 | $2,089 | $2,701 |
Source: Ownwell