Granite Bay, California Property Taxes
The median property tax rate in Granite Bay, CA is 1.14%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Granite Bay at $719,336, the typical annual property tax bill reaches $7,893, significantly exceeding the national median of $2,690. Property taxes in Granite Bay are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Granite Bay'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 Granite Bay 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
Granite Bay, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$8,200
$7,745
Ownwell’s Granite Bay Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Granite Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granite Bay 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 Granite Bay, California
Property taxes in Granite Bay, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granite Bay is 1.14%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Granite Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granite Bay 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 Granite Bay's effective property tax rate to other counties in California and the national median. For comparison, the 95746 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Granite Bay 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 Granite Bay Tax Rate
1.14%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granite Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95746 | 1.03% | 1.08% | 1.14% | 1.20% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Granite Bay, California
In Granite Bay, 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 Placer County Assessor's office 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. Assessment notices in Granite Bay 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. Granite Bay's median home price stands at $719,336, with tax bills ranging from $5,507 at the 25th percentile to $15,464 at the 90th percentile. The zip code 95746 has both the highest and lowest median tax bill at $7,893. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granite Bay Assessed Value
$719,336
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 Granite Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95746 | $311,219 | $480,175 | $719,336 | $1,018,275 | $1,425,771 |
Source: Ownwell
Property Tax Bills Across Granite Bay, California
In Granite Bay, located in Placer County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Granite Bay, the median home price stands at $719,336. Property tax bills can vary significantly, with the 25th percentile at $5,507 and the 75th percentile reaching $11,009. At the 90th percentile, tax bills can be as high as $15,464. Several factors influence the tax bill, including property improvements, market conditions, and local tax rates. The highest and lowest median tax bills in Granite Bay are both $7,893, which is considerably higher than the national median property tax rate of 0.99%. This substantial tax burden can significantly impact homeowners, affecting their annual budget and overall financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Granite Bay Tax Bill
$7,893
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Granite Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95746 | $3,626 | $5,507 | $7,893 | $11,009 | $15,464 |
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 |