Meadow Valley, California Property Taxes
The median property tax rate in Meadow Valley, CA is 1.11%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Meadow Valley at $171,454, the typical annual property tax bill amounts to $1,808, falling below the national median of $2,690. Property taxes in Meadow Valley are calculated based on the tax assessed value, which is typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Meadow Valley'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 Meadow Valley 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
Meadow Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,903
$1,766
Ownwell’s Meadow Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadow Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadow Valley 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 Meadow Valley, California
Property taxes in Meadow Valley, California, play a crucial role in funding essential local services, such as public schools, road maintenance, and emergency services. The median tax rate in Meadow Valley is 1.11%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Meadow Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadow Valley 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 Meadow Valley's effective property tax rate to other counties in California and the national median. For comparison, the 95956 zip code has both the highest and lowest median property tax rate of 1.11%. Understanding how these cities compare with Meadow Valley 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 Meadow Valley Tax Rate
1.11%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadow Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95956 | 1.03% | 1.06% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Meadow Valley, California
In Meadow Valley, 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 Meadow Valley, 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. For instance, the median home price in Meadow Valley is $171,454, with tax bills ranging from $1,240 at the 25th percentile to $3,271 at the 90th percentile. The highest and lowest median tax bills are both $1,808, found in zip code 95956. 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.
Property Tax Assessment Values Across Meadow Valley, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Meadow Valley Assessed Value
$171,454
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 Meadow Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95956 | $71,630 | $116,360 | $171,454 | $241,002 | $350,000 |
Source: Ownwell
Property Tax Bills Across Meadow Valley, California
In Meadow Valley, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically starts at the purchase price of the property and can increase annually based on a set inflation rate, but not exceeding 2% per year. Various factors such as property improvements, market fluctuations, and neighborhood changes can influence this assessed value. Homeowners in Meadow Valley face property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $1,240, while the 75th percentile tax bill reaches approximately $2,560. At the higher end, the 90th percentile tax bill can go up to $3,271. Compared to the national median property tax rate of 0.99%, the property tax rates in Meadow Valley reflect the unique economic conditions of the area. For homeowners, understanding these factors is crucial, as property taxes represent a significant annual expense that can impact overall housing affordability and long-term financial planning.
Average Meadow Valley Tax Bill
$1,808
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadow Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95956 | $783 | $1,240 | $1,808 | $2,560 | $3,271 |
Source: Ownwell