Myers Flat, California Property Taxes
The median property tax rate in Myers Flat, CA is 1.19%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Myers Flat, the typical annual property tax bill reaches $1,510, which is lower than the national median of $2,690. Property taxes in Myers Flat are calculated based on the assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Myers Flat'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 Myers Flat 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
Myers Flat, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Myers Flat Property Tax Bill Calculator empowers homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Myers Flat with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Myers Flat to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value, assigned by Humboldt County, forms the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Myers Flat, California
Property taxes in Myers Flat, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Myers Flat is 1.19%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Myers Flat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Myers Flat 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 Myers Flat's effective property tax rate to other counties in California and the national median. For comparison, the 95554 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Myers Flat 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 Myers Flat Tax Rate
1.19%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Myers Flat, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95554 | 1.13% | 1.15% | 1.19% | 1.30% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Myers Flat, California
In Myers Flat, 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'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 Myers Flat, 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. The median home price in Myers Flat is $124,768, with tax bills ranging from $845 at the 25th percentile to $5,173 at the 90th percentile. The zip code 95554 has the highest and lowest median tax bill of $1,510. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Myers Flat Assessed Value
$124,768
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 Myers Flat, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95554 | $38,242 | $65,025 | $124,768 | $234,449 | $450,956 |
Source: Ownwell
Property Tax Bills Across Myers Flat, California
In Myers Flat, CA, located in Humboldt County, property tax bills are calculated based on the assessed value of the home, which is typically determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $124,768, homeowners might expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, location, and local levies also play a significant role in determining the final tax bill. In Myers Flat, the 25th percentile tax bill is around $845, while the 75th percentile tax bill can go up to $2,681. For those in the higher bracket, the 90th percentile tax bill reaches $5,173. These figures illustrate the range of property tax obligations homeowners might face, emphasizing the importance of understanding how assessed values and local rates impact their financial responsibilities. Comparing these figures to the national median property tax rate of 0.99% highlights the variability in property tax burdens across different regions.
Average Myers Flat Tax Bill
$1,510
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Myers Flat, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95554 | $523 | $845 | $1,510 | $2,681 | $5,173 |
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 |