Alturas, California Property Taxes
The median property tax rate in Alturas, CA is 1.14%, which is 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 $94,770 in Alturas, the typical annual property tax bill amounts to $1,084, which is below the national median of $2,690. Property taxes in Alturas are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Alturas's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Alturas or in another part of Modoc County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Alturas, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,080
$1,020
Ownwell’s Alturas Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alturas. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Alturas to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities. For those interested in more granular data, further insights on neighborhood trends are available below. Your property's assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Alturas, California
Property taxes in Alturas, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alturas is 1.14%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Alturas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alturas 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 Alturas's effective property tax rate to other counties in California and the national median. For comparison, the 96101 zip code has the highest median property tax rate of 1.14%, while the 96015 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Alturas provides valuable insights into the varying tax landscape across Modoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alturas Tax Rate
1.14%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alturas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | 0.99% | 1.01% | 1.05% | 1.08% | 1.10% |
| 96101 | 0.97% | 1.05% | 1.14% | 1.27% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Alturas, California
In Alturas, 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 Modoc 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 Alturas, 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. For instance, the highest median tax bill in the region is $1,182 in the 96015 zip code, while the lowest is $1,083 in the 96101 zip code. 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 Alturas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alturas Assessed Value
$94,770
Average Modoc County Assessed Value
$83,080
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alturas, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | $83,734 | $93,852 | $110,714 | $127,576 | $137,694 |
| 96101 | $36,036 | $60,062 | $94,618 | $161,412 | $246,967 |
Source: Ownwell
Property Tax Bills Across Alturas, California
In Alturas, located in Modoc County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value often reflects the market value at the time of purchase, with annual adjustments for inflation not exceeding 2% per year. Property tax rates in Alturas are applied to this assessed value to determine the annual tax bill. The median home price in Alturas is $94,770, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $731, while those in the 75th percentile might see bills up to $1,695. At the 90th percentile, tax bills can reach as high as $2,463. Comparatively, the highest median tax bill in the area is $1,182 in the 96015 zip code, while the lowest is $1,083 in the 96101 zip code. These property tax bills directly impact homeowners' finances, influencing their overall cost of living and long-term investment in their property.
Average Alturas Tax Bill
$1,084
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Alturas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | $840 | $968 | $1,182 | $1,395 | $1,523 |
| 96101 | $485 | $731 | $1,083 | $1,696 | $2,463 |
Source: Ownwell