Canby, California Property Taxes
The median property tax rate in Canby, CA is 1.11%, 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 Canby at $104,530, the typical annual property tax bill reaches $1,232, which is below the national median of $2,690. Property taxes in Canby are calculated based on the tax assessed value, typically lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Canby'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 Canby 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
Canby, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,160
$1,077
Ownwell’s Canby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canby 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 Canby, California
Property taxes in Canby, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canby is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Canby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canby 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 Canby's effective property tax rate to other counties in California and the national median. For comparison, the 96015 zip code has both the highest and lowest median property tax rate of 1.11%. Understanding how these cities compare with Canby 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 Canby Tax Rate
1.11%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canby, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | 0.98% | 1.03% | 1.11% | 1.40% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Canby, California
In Canby, 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 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 Canby, 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 median home price in Canby is $104,530, with tax bills varying significantly. The 25th percentile tax bill is $507, while the 75th percentile tax bill is $2,497. The highest median tax bill, found in zip code 96015, is $1,232. 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 Canby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canby Assessed Value
$104,530
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 Canby, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | $19,028 | $29,283 | $104,530 | $255,503 | $390,150 |
Source: Ownwell
Property Tax Bills Across Canby, California
In Canby, Modoc County, CA, property tax bills are calculated based on the assessed value of a property, which is often a percentage of its market value. The median home price in Canby stands at $104,530. Property taxes are influenced by various factors, including the property's assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is $507, while at the 75th percentile, it rises to $2,497. The 90th percentile sees tax bills reaching up to $3,972. These tax bills can significantly impact homeowners, as they represent a recurring annual expense that must be budgeted for. Compared to the national median property tax rate of 0.99%, Canby's property tax rates can vary but tend to be within a similar range. The highest median tax bill in the area is recorded at $1,232 in the 96015 zip code. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Canby Tax Bill
$1,232
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Canby, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96015 | $314 | $507 | $1,232 | $2,497 | $3,972 |
Source: Ownwell