Mcarthur, California Property Taxes
The median property tax rate in McArthur, CA is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $194,086 in McArthur, the typical annual property tax bill amounts to $2,026, falling below the national median of $2,690. Property taxes in McArthur are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding McArthur'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 McArthur or another part of Modoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcarthur, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,077
$1,927
Ownwell’s McArthur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McArthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McArthur 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 Mcarthur, California
Property taxes in McArthur, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McArthur is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within McArthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, McArthur 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 McArthur's effective property tax rate to other counties in California and the national median. For comparison, the 96056 zip code has the highest median property tax rate of 1.07%, while the 96056 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with McArthur 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 Mcarthur Tax Rate
1.07%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | 1.04% | 1.05% | 1.07% | 1.10% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Mcarthur, California
In McArthur, 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 McArthur, 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 McArthur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96056 has the highest and lowest median tax bill, both valued at $2026.
Average Mcarthur Assessed Value
$194,086
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 Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | $57,390 | $133,348 | $194,086 | $264,834 | $348,452 |
Source: Ownwell
Property Tax Bills Across Mcarthur, California
In McArthur, Modoc County, CA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. The median home price in McArthur is $194,086. Property tax rates in the area can vary, but homeowners generally see a tax bill that reflects the assessed value multiplied by the local tax rate. For example, the 25th percentile tax bill is around $1,417, while the 75th percentile tax bill can reach up to $2,823, and the 90th percentile goes as high as $3,686. These figures indicate that even within McArthur, there is a range of property tax burdens depending on the specific valuation of the property. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs. Compared to the national median property tax rate of 0.99%, McArthur's rates and resulting tax bills can vary but provide a clear picture of what homeowners might expect to pay annually.
Average Mcarthur Tax Bill
$2,026
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcarthur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96056 | $630 | $1,417 | $2,026 | $2,823 | $3,686 |
Source: Ownwell