Honeydew, California Property Taxes
The median property tax rate in Honeydew, CA is 1.01%, 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 Honeydew, the typical annual property tax bill reaches $2,678, just below the national median of $2,690. Property taxes in Honeydew 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 Honeydew'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 Honeydew 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
Honeydew, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,723
$2,571
Ownwell’s Honeydew Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Honeydew with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Honeydew 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 Honeydew, California
Property taxes in Honeydew, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Honeydew is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Honeydew set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honeydew 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 Honeydew's effective property tax rate to other regions in Humboldt County and the national median. For comparison, the 95545 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Honeydew provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Honeydew Tax Rate
1.01%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Honeydew, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95545 | 0.98% | 0.99% | 1.01% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Honeydew, California
In Honeydew, 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 Humboldt 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 Honeydew, 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. The median home price in Honeydew is $269,580, with tax bills varying significantly. For example, the 25th percentile tax bill is $1,443, while the 75th percentile tax bill is $4,280, and the 90th percentile tax bill is $5,942. The zip code 95545 has the highest median tax bill of $2,678. 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 Honeydew helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Honeydew Assessed Value
$269,580
Average Humboldt County Assessed Value
$227,816
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Honeydew, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95545 | $68,359 | $147,685 | $269,580 | $410,929 | $588,862 |
Source: Ownwell
Property Tax Bills Across Honeydew, California
In Honeydew, property tax bills are calculated based on the assessed value of your home, determined by the Humboldt County Assessor's Office. The assessed value is typically a percentage of the market value, which can fluctuate yearly based on market conditions. For homeowners in Honeydew, the median home price stands at $269,580. Property tax rates in this region are influenced by local government budgets and voter-approved measures. Your tax bill is then calculated by multiplying the assessed value by the property tax rate. The national median property tax rate is 0.99%, but local rates can vary. In Honeydew, the 25th percentile of tax bills is around $1,443, while the 75th percentile reaches up to $4,280. At the higher end, the 90th percentile tax bill can be as much as $5,942. These taxes fund essential public services such as schools, emergency services, and infrastructure projects. Homeowners should be aware of how these rates and values impact their annual financial planning and overall property affordability.
Average Honeydew Tax Bill
$2,678
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Honeydew, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95545 | $700 | $1,443 | $2,678 | $4,280 | $5,942 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Humboldt Tax Assessor | |
| Website | common1.mptsweb.com |