Ravendale, California Property Taxes
The median property tax rate in Ravendale, CA is 1.00%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $41,032 in Ravendale, the typical annual property tax bill amounts to $390, significantly below the national median of $2,690. Property taxes in Ravendale are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ravendale'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 Ravendale or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ravendale, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$410
$381
Ownwell’s Ravendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ravendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ravendale 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 Ravendale, California
Property taxes in Ravendale, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ravendale is 1.00%, slightly above the U.S. national median of 0.99%. Local government entities within Ravendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ravendale 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 Ravendale's effective property tax rate to other counties in California and the national median. For comparison, the 96123 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Ravendale 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 Ravendale 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 Ravendale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96123 | 0.85% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Ravendale, California
In Ravendale, 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 Appraisal District 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 Ravendale, 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. For instance, the highest median tax bill in the area is $390 in the 96123 zip code. Being aware of these valuation processes in Ravendale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ravendale Assessed Value
$41,032
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 Ravendale, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96123 | $20,586 | $30,789 | $41,032 | $98,595 | $200,079 |
Source: Ownwell
Property Tax Bills Across Ravendale, California
In Ravendale, property tax bills are calculated based on the assessed value of the home, which is determined by the Lassen County Assessor's Office. The assessed value is typically a percentage of the market value of the property. Homeowners in Ravendale can expect a range of property tax bills, with the 25th percentile at $297 and the 75th percentile reaching $930. For those at the higher end, the 90th percentile tax bill is $1,966, indicating a significant variation depending on property value. Several factors influence the tax bill, including property size, location, and market trends. The median home price in Ravendale is $41,032, which is considerably lower than the national median, reflecting in generally lower property tax bills. However, even within the same zip code, there can be differences, as the highest and lowest median tax bills are both reported at $390. These taxes impact homeowners by contributing to local services such as schools, infrastructure, and public safety, making them a crucial aspect of homeownership in Ravendale.
Average Ravendale Tax Bill
$390
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Ravendale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96123 | $222 | $297 | $390 | $930 | $1,966 |
Source: Ownwell