Willow Ranch, California Property Taxes
The median property tax rate in Willow Ranch, CA is 1.01%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Willow Ranch at $107,956, the typical annual property tax bill amounts to $1,388, which is below the national median of $2,690. Property taxes in Willow Ranch are determined based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding the property tax system in Willow Ranch, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Willow Ranch or another part of Modoc County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willow Ranch, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,090
$1,012
Ownwell’s Willow Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Ranch 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 Willow Ranch, California
Property taxes in Willow Ranch, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Ranch is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Willow Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Ranch 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 Willow Ranch's effective property tax rate to other counties in California and the national median. For comparison, the 96108 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Willow Ranch 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 Willow Ranch Tax Rate
1.01%
Average Modoc County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96108 | 0.96% | 0.98% | 1.01% | 1.20% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Willow Ranch, California
In Willow Ranch, 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 Willow Ranch, 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 Willow Ranch is $107,956, with tax bills ranging from $591 at the 25th percentile to $3,308 at the 90th percentile. The highest and lowest median tax bills are both $1,388 in the 96108 zip code. By understanding 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 Willow Ranch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Willow Ranch, California
Source: Ownwell
$44,592
$187,533
$330,474
Average Willow Ranch Assessed Value
$107,956
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 Willow Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96108 | $18,604 | $53,810 | $107,956 | $229,754 | $359,873 |
Source: Ownwell
Property Tax Bills Across Willow Ranch, California
In Willow Ranch, property tax bills are calculated based on the assessed value of a home, which is determined by the Modoc County Assessor's Office. The assessed value is typically a percentage of the market value of the property. For example, the median home price in Willow Ranch stands at $107,956. Property taxes are then calculated by applying the local tax rate to this assessed value. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Willow Ranch can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $591, while the 75th percentile tax bill reaches $2,624. At the 90th percentile, tax bills can go as high as $3,308, reflecting variations in property values and exemptions. Compared to the national median property tax rate of 0.99%, Willow Ranch's property tax rates can result in a wide range of tax bills, impacting homeowners differently based on their property’s assessed value and eligibility for exemptions.
Average Willow Ranch Tax Bill
$1,388
Average Modoc County Tax Bill
$948
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Ranch, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96108 | $204 | $591 | $1,388 | $2,624 | $3,308 |
Source: Ownwell