Chilcoot, California Property Taxes
The median property tax rate in Chilcoot, CA is 0.96%, slightly below both the national median of 0.99% and the California state median of 1.21%. With the median home value in Chilcoot at $174,972, the typical annual property tax bill amounts to $1,606, which is significantly lower than the national median of $2,690. Property taxes in Chilcoot 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 Chilcoot'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 Chilcoot 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
Chilcoot, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,680
$1,559
Ownwell’s Chilcoot Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chilcoot with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chilcoot 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 Chilcoot, California
Property taxes in Chilcoot, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chilcoot is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Chilcoot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chilcoot 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 Chilcoot's effective property tax rate to other counties in California and the national median. For comparison, the 96105 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Chilcoot provides valuable insights into the varying tax landscape across Plumas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chilcoot Tax Rate
0.96%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | 0.84% | 0.94% | 0.96% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Chilcoot, California
In Chilcoot, 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 Plumas 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 Chilcoot, 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. The median home price in Chilcoot is $174,972, with tax bills ranging from $951 at the 25th percentile to $3,145 at the 90th percentile. The highest and lowest median tax bills are both $1,606, found in the 96105 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chilcoot Assessed Value
$174,972
Average Plumas County Assessed Value
$216,793
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | $67,733 | $109,297 | $174,972 | $251,261 | $347,554 |
Source: Ownwell
Property Tax Bills Across Chilcoot, California
In Chilcoot, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor's office. The assessed value is often a percentage of the property's market value, and in California, this is typically set at 1% of the market value plus voter-approved local taxes and assessments. For instance, with a median home price of $174,972, homeowners can expect a base tax rate of around 1%, leading to a median tax bill of approximately $1,750. However, additional local levies can increase this amount. Factors such as the property's location within Plumas County and any applicable exemptions or special assessments also influence the final tax bill. The tax bills in Chilcoot range significantly, with the 25th percentile at $951 and the 75th percentile reaching $2,324. The 90th percentile tax bill can go as high as $3,145. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Chilcoot Tax Bill
$1,606
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | $598 | $951 | $1,606 | $2,324 | $3,145 |
Source: Ownwell