Princeton, California Property Taxes
The median property tax rate in Princeton, CA is 1.02%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Princeton, the typical annual property tax bill reaches $1,166, which is below the national median of $2,690. Property taxes in Princeton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Princeton'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 Princeton 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
Princeton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,167
$1,102
Ownwell’s Princeton Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Princeton with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Princeton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes and considers any applicable exemptions.
Property Tax Rates Across Princeton, California
Property taxes in Princeton, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Princeton is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Princeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Princeton 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 Princeton's effective property tax rate to other counties in California and the national median. For comparison, the 95970 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Princeton 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 Princeton Tax Rate
1.02%
Average Glenn County Tax Rate
1.12%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | 1.00% | 1.02% | 1.02% | 1.04% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Princeton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Princeton, CA. 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 Princeton, 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 Princeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Princeton is $1166 in zip code 95970, which is significantly lower than the national median property tax rate of 0.99%.
Average Princeton Assessed Value
$114,450
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 Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | $31,012 | $48,891 | $114,450 | $299,994 | $349,112 |
Source: Ownwell
Property Tax Bills Across Princeton, California
In Princeton, located in Glenn County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is often a percentage of the property's market value. The median home price in Princeton is $114,450, which serves as a benchmark for calculating property tax bills. Several factors influence the final tax bill, including the property's assessed value, applicable tax rates, and any exemptions or deductions for which the homeowner may qualify. In Princeton, the tax bills can vary significantly; the 25th percentile tax bill is $511, while the 75th percentile tax bill reaches $3,062. For those at the 90th percentile, tax bills can be as high as $3,625. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners in Princeton better anticipate their annual property tax obligations and manage their financial planning accordingly.
Average Princeton Tax Bill
$1,166
Average Glenn County Tax Bill
$1,881
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | $333 | $511 | $1,166 | $3,062 | $3,625 |
Source: Ownwell