Patton, California Property Taxes
The median property tax rate in Patton, CA is 1.11%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Patton at $762,125, the typical annual property tax bill reaches $8,447, far exceeding the national median of $2,690. Property taxes in Patton 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 Patton'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 Patton 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
Patton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$8,460
$7,989
Ownwell’s Patton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patton 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 Patton, California
Property taxes in Patton, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patton is 1.11%, significantly higher than the U.S. national median of 0.99%. Local government entities within Patton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patton 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 Patton's effective property tax rate to other counties in California and the national median. For comparison, the 92369 ZIP code has the highest median property tax rate of 1.11%, while the same ZIP code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Patton 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 Patton 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 Patton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92369 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Patton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Patton, CA. 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 Plumas County 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 Patton, 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. Patton has a median home price of $762,125, with the highest and lowest median tax bills both being $8,447 in the 92369 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Patton Assessed Value
$762,125
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 Patton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92369 | $762,125 | $762,125 | $762,125 | $762,125 | $762,125 |
Source: Ownwell
Property Tax Bills Across Patton, California
In Patton, property tax bills are calculated based on the assessed value of the property, which is determined by the Plumas County Assessor's Office. The assessed value is typically a percentage of the property's market value. For homeowners in Patton, this means the tax bill is influenced by the current real estate market and any improvements made to the property. The median home price in Patton is $762,125, and the median property tax bill is $8,447, which is considerably higher than the national median property tax rate of 0.99%. Several factors contribute to the calculation of property tax bills, including the property's location, size, and any applicable exemptions. These elements are crucial as they can significantly affect the final tax amount. For homeowners, understanding these factors is essential for financial planning and ensuring they are not overpaying. High property taxes can impact affordability and the overall cost of homeownership, making it important for residents to stay informed about their tax obligations.
Average Patton Tax Bill
$8,447
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Patton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92369 | $8,447 | $8,447 | $8,447 | $8,447 | $8,447 |
Source: Ownwell