Potter Valley, California Property Taxes
The median property tax rate in Potter Valley, CA is 1.04%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Potter Valley at $226,976, the typical annual property tax bill reaches $2,352, slightly below the national median of $2,690. Property taxes in Potter Valley 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 Potter 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 Potter Valley 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
Potter Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,361
$2,191
Ownwell’s Potter Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Potter Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Potter 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 Potter Valley, California
Property taxes in Potter Valley, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Potter Valley is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Potter Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Potter 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 Potter Valley's effective property tax rate to other counties in California and the national median. For comparison, the 95469 zip code has the highest median property tax rate of 1.04%, while the 95469 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Potter Valley provides valuable insights into the varying tax landscape across Mendocino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Potter Valley Tax Rate
1.04%
Average Mendocino County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Potter Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95469 | 0.99% | 1.02% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Potter Valley, California
In Potter 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 Mendocino 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 Potter 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 Potter Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2,352, found in the 95469 zip code.
Property Tax Assessment Values Across Potter Valley, California
Source: Ownwell
$43,093
$257,489
$471,885
Average Potter Valley Assessed Value
$226,976
Average Mendocino County Assessed Value
$243,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Potter Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95469 | $58,648 | $114,610 | $226,976 | $379,060 | $510,181 |
Source: Ownwell
Property Tax Bills Across Potter Valley, California
In Potter Valley, located in Mendocino County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, the median home price in Potter Valley is $226,976. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including local tax rates, any applicable exemptions, and the specific assessment practices of Mendocino County. Homeowners in Potter Valley can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,113, while those in the 75th percentile pay approximately $3,924. At the higher end, the 90th percentile tax bill reaches up to $5,316. Compared to the national median property tax rate of 0.99%, Potter Valley's tax rates reflect the unique economic and regulatory environment of the region. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Potter Valley Tax Bill
$2,352
Average Mendocino County Tax Bill
$2,875
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Potter Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95469 | $583 | $1,113 | $2,352 | $3,924 | $5,316 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Mendocino Tax Assessor | |
| Website | ca-mendocino.publicaccessnow.com |