Nevada County Property Taxes
The median property tax rate in Nevada County is 1.16%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $380,629, the typical annual property tax bill in Nevada County reaches $4,722, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which usually falls below the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding Nevada County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Nevada City or another part of Nevada County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nevada County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$4,415
$4,170
Ownwell’s Nevada County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Nevada County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nevada County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Nevada County, California
Property taxes in Nevada County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Nevada County is 1.16%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Nevada County set these rates annually, and they can vary significantly between different areas within the county. Each year, Nevada County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Nevada County's effective property tax rate with other counties in California and the national median. For comparison, the city of Floriston has one of the higher property tax rates in California at 1.44%, while the city of Nevada City boasts one of the lowest at 1.10%. Analyzing how Nevada County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Nevada County Tax Rate
1.16%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nevada County, California
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | 1.06% | 1.21% | 1.39% | 1.55% | 1.79% |
| Cedar Ridge | N/A | N/A | N/A | N/A | N/A |
| Floriston | 1.24% | 1.29% | 1.44% | 1.53% | 2.19% |
| Grass Valley | 1.05% | 1.08% | 1.10% | 1.14% | 1.20% |
| Nevada City | 1.05% | 1.07% | 1.10% | 1.14% | 1.25% |
| Norden | 1.18% | 1.22% | 1.41% | 1.58% | 1.68% |
| North San Juan | 1.07% | 1.08% | 1.12% | 1.24% | 1.92% |
| Penn Valley | 1.09% | 1.16% | 1.36% | 1.52% | 1.71% |
| Rough And Ready | 1.08% | 1.10% | 1.13% | 1.17% | 1.26% |
| Smartsville | 1.09% | 1.10% | 1.12% | 1.16% | 1.21% |
| Soda Springs | 1.21% | 1.28% | 1.42% | 1.73% | 2.47% |
| Truckee | 1.20% | 1.26% | 1.35% | 1.51% | 1.79% |
| Washington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Nevada County, California
In Nevada County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Nevada County Appraisal District. The assessed value, however, 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. Assessment notices in Nevada County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Truckee has the highest median tax bill at $7,149, while North San Juan has the lowest at $2,399. Being aware of these valuation processes in Nevada County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Nevada County, California
Source: Ownwell
$181,896
$588,325
$994,754
Average Nevada County Assessed Value
$380,629
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nevada County, California
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $197,485 | $290,755 | $410,922 | $583,360 | $851,530 |
| Cedar Ridge | N/A | N/A | N/A | N/A | N/A |
| Floriston | $65,095 | $137,706 | $181,896 | $326,439 | $424,775 |
| Grass Valley | $120,822 | $208,009 | $331,238 | $466,377 | $631,182 |
| Nevada City | $120,279 | $217,960 | $360,696 | $535,899 | $749,906 |
| Norden | $138,770 | $235,039 | $442,311 | $601,770 | $830,644 |
| North San Juan | $55,494 | $100,236 | $212,312 | $339,568 | $481,178 |
| Penn Valley | $187,524 | $266,322 | $369,723 | $508,543 | $711,985 |
| Rough And Ready | $114,240 | $190,960 | $306,218 | $438,028 | $607,579 |
| Smartsville | $153,498 | $215,094 | $309,426 | $405,886 | $529,717 |
| Soda Springs | $66,627 | $134,871 | $253,155 | $412,209 | $556,145 |
| Truckee | $194,981 | $324,312 | $526,774 | $782,352 | $1,124,933 |
| Washington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Nevada County, California
In Nevada County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Nevada County, the median home price stands at $380,629. The property tax bills can vary significantly, with the 25th percentile tax bill being $3,090 and the 75th percentile tax bill reaching $6,948. At the 90th percentile, homeowners might see tax bills as high as $9,901. The highest median tax bill in the county is found in Truckee, at $7,149, while North San Juan has the lowest at $2,399. These property tax bills can have a considerable impact on homeowners, affecting their annual budgeting and potentially influencing their decisions on property investments.
Average Nevada County Tax Bill
$4,722
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Nevada County, California
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $3,275 | $4,404 | $5,758 | $7,463 | $10,270 |
| Cedar Ridge | N/A | N/A | N/A | N/A | N/A |
| Floriston | $1,425 | $1,995 | $2,666 | $4,239 | $5,224 |
| Grass Valley | $1,545 | $2,434 | $3,701 | $5,159 | $7,020 |
| Nevada City | $1,450 | $2,493 | $4,031 | $5,939 | $8,240 |
| Norden | $2,322 | $3,364 | $5,853 | $8,640 | $9,808 |
| North San Juan | $703 | $1,385 | $2,399 | $3,850 | $5,372 |
| Penn Valley | $2,951 | $3,975 | $5,111 | $6,544 | $8,502 |
| Rough And Ready | $1,472 | $2,228 | $3,417 | $4,864 | $6,649 |
| Smartsville | $1,807 | $2,468 | $3,462 | $4,487 | $5,735 |
| Soda Springs | $1,516 | $2,253 | $3,691 | $5,391 | $7,216 |
| Truckee | $3,509 | $4,971 | $7,149 | $9,954 | $14,002 |
| Washington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Links | |
|---|---|
| Nevada Tax Assessor | |
| Website | common2.mptsweb.com |