Gold Run, California Property Taxes
The median property tax rate in Gold Run, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Gold Run, the typical annual property tax bill reaches $3,041, surpassing the national median of $2,690. Property taxes in Gold Run are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gold Run'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 Gold Run 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
Gold Run, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,922
$2,711
Ownwell’s Gold Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gold Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gold Run 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 Gold Run, California
Property taxes in Gold Run, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Run is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Gold Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Run 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 Gold Run's effective property tax rate to other counties in California and the national median. For comparison, the 95717 ZIP code has the highest median property tax rate of 1.06%, while the same ZIP code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Gold Run provides valuable insights into the varying tax landscape across Placer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gold Run Tax Rate
1.06%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gold Run, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95717 | 1.04% | 1.05% | 1.06% | 1.11% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Gold Run, California
In Gold Run, CA, 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 Placer County Appraisal District 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 Gold Run, 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 Gold Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95717 in Gold Run has the highest and lowest median tax bills, both recorded at $3,041.
Average Gold Run Assessed Value
$275,617
Average Placer County Assessed Value
$464,229
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gold Run, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95717 | $86,466 | $150,564 | $275,617 | $412,422 | $522,732 |
Source: Ownwell
Property Tax Bills Across Gold Run, California
In Gold Run, CA, property tax bills are calculated based on the assessed value of the home, which is often determined by the market value at the time of purchase. The tax rate applied in Placer County is influenced by various local levies, but the overall median property tax rate in California is around 0.76%, slightly below the national median of 0.99%. Homeowners in Gold Run can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $1,606, while the 75th percentile tax bill is around $4,304, and the 90th percentile tax bill can reach up to $5,832. These figures illustrate the range of property tax burdens based on differing home values and local tax rates. The highest median tax bill recorded in Gold Run is $3,041. These property taxes directly impact homeowners by influencing their annual housing costs, which in turn can affect their financial planning and the overall affordability of living in Gold Run.
Average Gold Run Tax Bill
$3,041
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Gold Run, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95717 | $987 | $1,606 | $3,041 | $4,304 | $5,832 |
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 |