Kings Beach, California Property Taxes
The median property tax rate in Kings Beach, CA is 1.28%, notably higher than both the national median of 0.99% and California's state median of 1.21%. With the median home value in Kings Beach at $397,563, the typical annual property tax bill reaches $4,975, significantly surpassing the national median of $2,690. Property taxes in Kings Beach are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Kings Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kings Beach 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
Kings Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,089
$4,722
Ownwell’s Kings Beach Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kings Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kings Beach to provide an estimate of your property tax bill. This valuable tool offers insight into your potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Kings Beach, California
Property taxes in Kings Beach, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kings Beach stands at 1.28%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Kings Beach set these rates annually, and they can vary across different neighborhoods. Each year, Kings Beach 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 Kings Beach's effective property tax rate to other regions and the national median. For comparison, the zip code 96143 has the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Kings Beach 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 regions.
Average Kings Beach Tax Rate
1.28%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kings Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96143 | 1.12% | 1.19% | 1.28% | 1.45% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Kings Beach, California
In Kings Beach, 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. In Kings Beach, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kings Beach, the median home price is $397,563, with tax bills ranging from $3,137 at the 25th percentile to $10,902 at the 90th percentile. The zip code 96143 has both the highest and lowest median tax bill at $4,975.
Average Kings Beach Assessed Value
$397,563
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 Kings Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96143 | $125,149 | $219,013 | $397,563 | $647,700 | $990,758 |
Source: Ownwell
Property Tax Bills Across Kings Beach, California
Property tax bills in Kings Beach, located in Placer County, CA, are determined by the assessed value of a property, which is typically a percentage of its market value. The median home price in Kings Beach is $397,563. Property taxes in this area can vary significantly, with the 25th percentile tax bill at $3,137 and the 75th percentile at $7,433. The 90th percentile tax bill can reach up to $10,902. These figures indicate that homeowners in Kings Beach often face higher property tax bills compared to the national median property tax rate of 0.99%. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $4,975, found in the 96143 zip code. These property taxes can have a substantial impact on homeowners, affecting their annual budgets and long-term financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Kings Beach Tax Bill
$4,975
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Kings Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96143 | $2,153 | $3,137 | $4,975 | $7,433 | $10,902 |
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 |