Grass Valley, California Property Taxes
The median property tax rate in Grass Valley, CA is 1.15%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $226,000 in Grass Valley, the typical annual property tax bill amounts to $2,004, falling below the national median of $2,690. Property taxes in Grass Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Grass Valley'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 Grass Valley or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grass Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,599
$2,455
Ownwell’s Grass Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grass Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grass Valley 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 Grass Valley, California
Property taxes in Grass Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grass Valley is 0.81%, lower than both the California state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Grass Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grass Valley 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 Grass Valley's effective property tax rate to other counties in California and the national median. For comparison, the 95945 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Grass Valley provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grass Valley Tax Rate
1.15%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grass Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95945 | 0.79% | 1.07% | 1.15% | 1.21% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Grass Valley, California
In Grass Valley, 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 Nevada 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 Grass Valley, 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 Grass Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95945 has the highest and lowest median tax bill at $2004, reflecting the area's consistent tax landscape.
Property Tax Assessment Values Across Grass Valley, California
Source: Ownwell
$11,832
$273,858
$535,884
Average Grass Valley Assessed Value
$226,000
Average Kern County Assessed Value
$197,658
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grass Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95945 | $88,614 | $117,817 | $226,000 | $281,000 | $365,455 |
Source: Ownwell
Property Tax Bills Across Grass Valley, California
In Grass Valley, CA, property tax bills are calculated based on the assessed value of a home, which is often lower than the market value. The assessed value is determined by the county assessor and typically reflects the purchase price, adjusted annually for inflation up to a maximum of 2% per year, as per California's Proposition 13. Homeowners in Grass Valley face a median property tax rate of 0.99%, aligning with the national median. For a home with a median price of $226,000, the tax bill can range significantly. The 25th percentile tax bill is around $1,394, while the 75th percentile reaches approximately $3,149. At the 90th percentile, homeowners might see tax bills as high as $3,850. The highest median tax bill in the 95945 zip code is $2,004. These taxes fund local services such as schools, public safety, and infrastructure, directly impacting the quality of life and property values in the community.
Average Grass Valley Tax Bill
$2,004
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Grass Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95945 | $951 | $1,394 | $2,004 | $3,149 | $3,850 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Kern Tax Assessor | |
| Website | www.kerncounty.com |