Last Chance, California Property Taxes
The median property tax rate in Last Chance, CA is 0.99%, aligning with the national median of 0.99% but lower than California's state median of 1.21%. With a median home value in Last Chance of $68,030, the typical annual property tax bill amounts to $667, which is significantly below the national median of $2,690. Property taxes in Last Chance are calculated based on the tax assessed value, which often falls below market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Last Chance'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 Last Chance or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Last Chance, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$673
$636
Ownwell’s Last Chance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Last Chance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Last Chance 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 Last Chance, California
Property taxes in Last Chance, California, are crucial for supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Last Chance is 0.99%, aligning exactly with the U.S. national median of 0.99%. Local government entities within Last Chance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Last Chance 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. Understanding how Last Chance's effective property tax rate compares to other areas within Plumas County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Last Chance Tax Rate
0.99%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Last Chance, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Last Chance, California
In Last Chance, CA, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Last Chance, 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. For instance, homeowners in the 25th percentile of tax bills pay around $395 annually, while those in the 75th percentile pay about $899. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Last Chance Assessed Value
$68,030
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 Last Chance, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Last Chance, California
Property tax bills in Last Chance, located in Plumas County, CA, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Last Chance, the median home price is $68,030. Given that California's property tax rate can vary, the tax bill is influenced by this assessed value and the specific rate applied. Factors such as property improvements, location, and market conditions play a crucial role in determining the final tax bill. For instance, in Last Chance, the tax bill for the 25th percentile is $395, reflecting the lower end of the property value spectrum. On the higher end, the 75th percentile tax bill is $899, while the 90th percentile tax bill reaches $1,983. These property taxes contribute significantly to local services and infrastructure, impacting homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Last Chance homeowners experience a nuanced range of tax obligations based on their property's assessed value.
Average Last Chance Tax Bill
$667
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Last Chance, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell