Crescent Mills, California Property Taxes
The median property tax rate in Crescent Mills, 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 Crescent Mills, the typical annual property tax bill reaches $888, which is below the national median of $2,690. Property taxes in Crescent Mills 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 Crescent Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Crescent Mills 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
Crescent Mills, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Crescent Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crescent Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crescent Mills 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 Crescent Mills, California
Property taxes in Crescent Mills, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Crescent Mills is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Crescent Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crescent Mills 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 Crescent Mills' effective property tax rate to other areas in California and the national median. For comparison, ZIP code 95934 in Crescent Mills 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 areas compare with Crescent Mills 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 Crescent Mills Tax Rate
1.06%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crescent Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95934 | 0.81% | 1.00% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Crescent Mills, California
In Crescent Mills, 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 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 Crescent Mills, 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 Crescent Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crescent Mills is $89,207, with the median tax bill at $888. The zip code 95934 sees both the highest and lowest median tax bills.
Property Tax Assessment Values Across Crescent Mills, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Crescent Mills Assessed Value
$89,207
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 Crescent Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95934 | $14,273 | $32,560 | $89,207 | $150,317 | $221,579 |
Source: Ownwell
Property Tax Bills Across Crescent Mills, California
In Crescent Mills, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The tax rate in Plumas County is applied to this assessed value, resulting in the annual tax bill. For example, with a median home price of $89,207, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $309, while those at the 75th percentile face a bill of approximately $1,485. At the 90th percentile, the tax bill can reach up to $2,204. These variations are influenced by factors such as property improvements, market conditions, and local tax levies. Comparatively, the national median property tax rate stands at 0.99%, highlighting Crescent Mills as a unique case within Plumas County. Homeowners in Crescent Mills should be aware of these factors, as they directly impact the affordability and long-term costs associated with owning property in the region.
Average Crescent Mills Tax Bill
$888
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Crescent Mills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95934 | $134 | $309 | $888 | $1,485 | $2,204 |
Source: Ownwell