Seneca, California Property Taxes
The median property tax rate in Seneca, CA is 1.08%, 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 Seneca, the typical annual property tax bill amounts to $274, which is significantly below the national median of $2,690. Property taxes in Seneca are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Seneca'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 Seneca 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
Seneca, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$273
$258
Ownwell’s Seneca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seneca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seneca 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 Seneca, California
Property taxes in Seneca, California, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seneca is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Seneca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seneca 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 Seneca's effective property tax rate to other counties in California and the national median. For comparison, the 95923 zip code has the highest median property tax rate of 1.08%, while the 95923 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Seneca 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 Seneca Tax Rate
1.08%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seneca, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95923 | 1.08% | 1.08% | 1.08% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Seneca, California
In Seneca, 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 Seneca, 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. The highest median tax bill in Seneca is $274 in the 95923 zip code, while the lowest median tax bill is also $274 in the same zip code. Being aware of these valuation processes in Seneca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Seneca Assessed Value
$25,259
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 Seneca, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95923 | $11,906 | $16,914 | $25,259 | $44,164 | $55,508 |
Source: Ownwell
Property Tax Bills Across Seneca, California
In Seneca, Plumas County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. California follows Proposition 13, which caps the annual increase in assessed value at 2% unless the property is sold or undergoes significant improvements. The property tax rate in Plumas County is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $25,259, homeowners in Seneca can expect a tax bill that varies significantly. The 25th percentile tax bill is around $184, while the 75th percentile is about $479, and the 90th percentile reaches up to $602. These property taxes fund local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners plan their finances and anticipate future tax liabilities. Compared to the national median property tax rate of 0.99%, Seneca offers relatively lower property tax rates, providing some financial relief to its residents.
Average Seneca Tax Bill
$274
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Seneca, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95923 | $129 | $184 | $274 | $479 | $602 |
Source: Ownwell