Madeline, California Property Taxes
The median property tax rate in Madeline, CA is 1.00%, slightly above the national median of 0.99% but below the California state median of 1.21%. With a median home value of $64,279, the typical annual property tax bill in Madeline amounts to $638, which is significantly lower than the national median of $2,690. Property taxes in Madeline are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Madeline's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Madeline or another part of the city, a thorough knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Madeline, 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 Madeline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Madeline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Madeline 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 Madeline, California
Property taxes in Madeline, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Madeline is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Madeline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Madeline 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 Madeline's effective property tax rate to other areas in California and the national median. For comparison, the zip code 96119 has the highest median property tax rate of 1.00%, while the same zip code also holds the lowest median tax rate of 1.00%. Understanding how these areas compare with Madeline provides valuable insights into the varying tax landscape across Lassen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Madeline Tax Rate
1.00%
Average Lassen County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Madeline, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96119 | 0.99% | 1.00% | 1.00% | 1.11% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Madeline, California
In Madeline, 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 Lassen 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 Madeline, 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 Madeline is $64,279, with tax bills ranging significantly. The 25th percentile tax bill is $301, while the 75th percentile tax bill is $1,757. The highest median tax bill recorded is $638 in the zip code 96119, which is also the lowest median tax bill, indicating some consistency in the region. Being aware of these valuation processes in Madeline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Madeline Assessed Value
$64,279
Average Lassen County Assessed Value
$145,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Madeline, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96119 | $16,947 | $26,544 | $64,279 | $169,192 | $508,345 |
Source: Ownwell
Property Tax Bills Across Madeline, California
In Madeline, CA, 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 homeowners in Madeline, the 25th percentile tax bill is $301, while the 75th percentile tax bill is $1,757, and the 90th percentile tax bill reaches $5,083. The median home price in Madeline stands at $64,279. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. For instance, exemptions for senior citizens or veterans can reduce the taxable value of a property, thereby lowering the tax bill. Homeowners in Madeline can expect their property tax bills to vary significantly based on these factors. Compared to the national median property tax rate of 0.99%, Madeline's property tax bills reflect the unique economic and real estate conditions of the area, impacting how much residents pay annually.
Average Madeline Tax Bill
$638
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Madeline, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96119 | $176 | $301 | $638 | $1,757 | $5,083 |
Source: Ownwell