Twain, California Property Taxes
The median property tax rate in Twain, 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 Twain, the typical annual property tax bill reaches $1,975, falling below the national median of $2,690. Property taxes in Twain 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 Twain'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 Twain 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
Twain, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,840
$1,707
Ownwell’s Twain Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Twain with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Twain to estimate your property tax bill, providing a clear picture of potential tax liabilities. This insightful tool helps you understand your financial obligations better. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Twain, California
Property taxes in Twain, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Twain is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Twain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Twain 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 Twain's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95984 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 Twain 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 Twain 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 Twain, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95984 | 0.98% | 1.11% | 1.11% | 1.50% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Twain, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Twain, CA. 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 Twain, 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 Twain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Twain are both $1,975, found in the 95984 zip code.
Average Twain Assessed Value
$165,723
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 Twain, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95984 | $63,854 | $89,835 | $165,723 | $271,718 | $322,220 |
Source: Ownwell
Property Tax Bills Across Twain, California
In the city of Twain in Plumas County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Once the assessed value is established, the tax rate, which is unique to the locality, is applied. For Twain, the median home price is $165,723, and property tax bills vary widely. For example, homeowners in the 25th percentile can expect to pay around $1,276, while those in the 75th percentile might see bills closer to $3,097. At the high end, in the 90th percentile, tax bills can reach up to $4,194. The highest and lowest median tax bills in the area both stand at $1,975, highlighting some consistency within certain zip codes. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for homeowners in Twain.
Average Twain Tax Bill
$1,975
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Twain, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95984 | $726 | $1,276 | $1,975 | $3,097 | $4,194 |
Source: Ownwell