Redway, California Property Taxes
The median property tax rate in Redway, CA is 1.15%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $193,904 in Redway, the typical annual property tax bill amounts to $2,169, which is less than the national median of $2,690. Property taxes in Redway are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence exemption. Understanding Redway'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 Redway 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
Redway, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,230
$2,106
Ownwell’s Redway Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Redway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Redway 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 Redway, California
Property taxes in Redway, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Redway is 1.15%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Redway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redway 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 Redway's effective property tax rate to other counties in California and the national median. For comparison, the 95560 zip code has the highest median property tax rate of 1.15%, while the 95560 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Redway 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 Redway Tax Rate
1.15%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redway, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95560 | 1.11% | 1.12% | 1.15% | 1.19% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Redway, California
In Redway, 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 Redway, 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 Redway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95560 has both the highest and lowest median tax bill at $2,169, reflecting the area’s uniform property tax landscape.
Average Redway Assessed Value
$193,904
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 Redway, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95560 | $46,374 | $100,640 | $193,904 | $296,340 | $399,547 |
Source: Ownwell
Property Tax Bills Across Redway, California
In Redway, located in Humboldt County, CA, property tax bills are calculated based on the assessed value of a home, which differs from the market value. The median home price in Redway is $193,904. Property taxes are determined by multiplying the assessed value by the tax rate set by local authorities. The national median property tax rate is 0.99%, but local rates can vary. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Redway can expect to pay varying amounts depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,151, while the 75th percentile reaches $3,312, and the 90th percentile climbs to $4,492. These tax bills can significantly impact homeowners, affecting their monthly mortgage payments and overall financial planning. In Redway, the highest and lowest median tax bills are both $2,169, indicating a consistent tax rate across different properties within the same ZIP code. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Redway Tax Bill
$2,169
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Redway, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95560 | $516 | $1,151 | $2,169 | $3,312 | $4,492 |
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 |