Newcastle, California Property Taxes
The median property tax rate in Newcastle, CA is 1.09%, which is considerably higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $509,904 in Newcastle, the typical annual property tax bill reaches $5,434, significantly exceeding the national median of $2,690. Property taxes in Newcastle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Newcastle'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 Newcastle or another part of Placer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newcastle, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$5,558
$5,250
Ownwell’s Newcastle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newcastle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newcastle 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 Newcastle, California
Property taxes in Newcastle, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newcastle is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Newcastle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newcastle 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 Newcastle's effective property tax rate to other regions and the national median. For comparison, the 95658 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Newcastle 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 Newcastle Tax Rate
1.09%
Average Placer County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newcastle, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95658 | 1.05% | 1.06% | 1.09% | 1.13% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Newcastle, California
In Newcastle, 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 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 Newcastle, 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 Newcastle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Newcastle is $5434.00 in the 95658 zip code, while the lowest median tax bill is also $5434.00 in the same zip code.
Average Newcastle Assessed Value
$509,904
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 Newcastle, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95658 | $149,682 | $300,286 | $509,904 | $782,330 | $1,047,745 |
Source: Ownwell
Property Tax Bills Across Newcastle, California
In Newcastle, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Placer County Assessor's Office. The assessed value typically starts with the market value of the property at the time of purchase and may be adjusted annually to account for inflation or other factors. Homeowners in Newcastle can expect their tax bills to be influenced by the median home price, which currently stands at $509,904. The tax rate in Newcastle is assessed relative to this value, and homeowners can expect to pay a median tax bill that varies significantly. At the 25th percentile, the tax bill is approximately $3,297, while at the 75th percentile, it rises to around $8,203. For those at the 90th percentile, the tax bill can be as high as $10,971. This variability means that property taxes can have a substantial impact on homeowners' annual expenses, particularly when compared to the national median property tax rate of 0.99%.
Average Newcastle Tax Bill
$5,434
Average Placer County Tax Bill
$5,446
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Newcastle, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95658 | $1,700 | $3,297 | $5,434 | $8,203 | $10,971 |
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 |