Graeagle, California Property Taxes
The median property tax rate in Graeagle, 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 Graeagle at $472,416, the typical annual property tax bill reaches $5,026, significantly exceeding the national median of $2,690. Property taxes in Graeagle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Graeagle'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 Graeagle 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
Graeagle, 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 Graeagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graeagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graeagle 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 Graeagle, California
Property taxes in Graeagle, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Graeagle is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Graeagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Graeagle 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 Graeagle's effective property tax rate to other counties in California and the national median. For comparison, the 96103 zip code 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 cities compare with Graeagle 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 Graeagle 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 Graeagle, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Graeagle, California
In Graeagle, 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 Graeagle, 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 Graeagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 96103 in Graeagle has both the highest and lowest median tax bills at $5,026.
Average Graeagle Assessed Value
$472,416
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 Graeagle, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | $472,416 | $472,416 | $472,416 | $472,416 | $472,416 |
Source: Ownwell
Property Tax Bills Across Graeagle, California
Property tax bills in Graeagle, located in Plumas County, CA, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically starts with the market value of the home, and then various exemptions and limitations may apply. For example, under California's Proposition 13, the assessed value of a property can only increase by a maximum of 2% per year, unless there is a change in ownership or new construction. In Graeagle, the median home price is $472,416, and homeowners can expect a median property tax bill of $5,026. This tax bill is significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the region. This can have a substantial impact on homeowners, affecting their monthly mortgage payments and overall cost of living. Understanding how these factors influence property tax bills can help homeowners better manage their finances and plan for the future.
Average Graeagle Tax Bill
$5,026
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Graeagle, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96103 | $5,026 | $5,026 | $5,026 | $5,026 | $5,026 |
Source: Ownwell