Petrolia, California Property Taxes
The median property tax rate in Petrolia, 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 Petrolia, the typical annual property tax bill reaches $1,625, which is below the national median of $2,690. Property taxes in Petrolia are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Petrolia'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 Petrolia or another part of Humboldt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Petrolia, 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 Petrolia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Petrolia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Petrolia 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 Petrolia, California
Property taxes in Petrolia, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Petrolia is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Petrolia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Petrolia 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 Petrolia's effective property tax rate to other counties in California and the national median. For comparison, the 95558 zip code has the highest median property tax rate of 1.02%, while the 95558 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Petrolia 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 Petrolia Tax Rate
1.02%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Petrolia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95558 | 0.97% | 0.99% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Petrolia, California
In Petrolia, 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 Petrolia, 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 Petrolia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Petrolia is $1,625 in the 95558 zip code, while the lowest median tax bill is also $1,625 in the same zip code.
Average Petrolia Assessed Value
$163,254
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 Petrolia, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95558 | $35,498 | $81,542 | $163,254 | $298,691 | $427,242 |
Source: Ownwell
Property Tax Bills Across Petrolia, California
In Petrolia, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Humboldt County Assessor's Office, which takes into account various factors such as the property's market value, location, and any improvements made. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. For example, in Petrolia, homeowners can expect a wide range of property tax bills. At the 25th percentile, tax bills are around $832, while at the 75th percentile, they can reach up to $2,975. The 90th percentile sees even higher tax bills, averaging $4,286 annually. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in property tax bills within the region. This variability in tax bills can significantly impact homeowners, affecting affordability and long-term financial planning. Understanding how these factors interplay can help residents better anticipate their annual property tax obligations.
Average Petrolia Tax Bill
$1,625
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Petrolia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95558 | $362 | $832 | $1,625 | $2,975 | $4,286 |
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 |