Colfax, Placer County, California Property Taxes
Median Colfax, CA effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Colfax, CA home value: $322,854
Median annual Colfax, CA tax bill: $3,320, $920 higher than the national median property tax bill of $2,400.
How are property taxes in Placer County calculated?
Property taxes in Colfax, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Colfax’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Colfax, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Colfax, Placer County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$3,390
$3,146
Property Tax Rates Across Colfax, Placer County, California
Local government entities are responsible for setting tax rates, which can differ significantly across various regions within the state. This variation is due to each county's annual budgetary requirements. Counties estimate the budget needed to provide essential services and then divide it by the total value of all taxable properties in their area, resulting in the property tax rate. Although votes and legal frameworks play a role in establishing these rates and budgets, this is the fundamental process that occurs each year.
In Colfax, located in Placer County, the effective property tax rate aligns with the highest and lowest median tax rates within the region, reflecting the county's approach to balancing budgetary needs with property values. When compared to the median property tax rate in California and the national median, Colfax's rate offers insight into the local government's fiscal strategies and priorities. This comparison highlights the unique fiscal landscape of Colfax and provides residents with a clearer understanding of how their property taxes are determined relative to other areas within the state and the country.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Colfax Tax Rate
1.05%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Placer County Tax Rate
1.14%
Median Effective California Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Colfax, Placer County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95713 | 0.98% | 1.01% | 1.05% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Colfax, Placer County, California
When examining property taxes in Colfax, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Placer County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Placer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Colfax. For example, the median home price in Colfax is $322,854, with tax bills ranging significantly across the county. The 95713 zip code has the highest median home price at $322,854.
Property Tax Assessment Values Across Colfax, Placer County, California
Source: Ownwell
$152,436
$516,410
$880,383
Median Colfax Market Value
$322,854
Median Placer County Market Value
$464,229
Median California Market Value
$378,421
Median United States Market Value
$235,294
Property Tax Assessment Values Across Colfax, Placer County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95713 | $113,107 | $204,271 | $322,854 | $465,036 | $646,472 |
Source: Ownwell
Property Tax Bills Across Colfax, Placer County, California
Median Colfax Tax Bill
$3,320
Median Placer County Tax Bill
$5,446
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Colfax, Placer County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95713 | $1,229 | $2,112 | $3,320 | $4,861 | $6,710 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Placer Tax Assessor | |
| Website | common1.mptsweb.com |