Westwood, California Property Taxes
The median property tax rate in Westwood, CA is 1.17%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $362,540 in Westwood, the typical annual property tax bill amounts to $4,129, surpassing the national median of $2,690. Property taxes in Westwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westwood'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 Westwood or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westwood, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,242
$3,936
Ownwell’s Westwood Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westwood to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized insights, additional neighborhood-level trends are available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Westwood, California
Property taxes in Westwood, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westwood is 1.17%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Westwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westwood 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 Westwood's effective property tax rate to other counties in California and the national median. For comparison, the 96137 zip code has the highest median property tax rate of 1.17%, while the 96137 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Westwood 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 Westwood Tax Rate
1.17%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | 1.09% | 1.13% | 1.17% | 1.23% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Westwood, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westwood, 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 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 Westwood, 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 median home price in Westwood is $362,540, with tax bills ranging from $2,708 at the 25th percentile to $9,440 at the 90th percentile. The zip code with the highest and lowest median tax bill is 96137, both at $4,129. Being aware of these valuation processes in Westwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westwood Assessed Value
$362,540
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 Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $142,694 | $223,808 | $362,540 | $522,764 | $875,226 |
Source: Ownwell
Property Tax Bills Across Westwood, California
In Westwood, located in Plumas County, CA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Westwood is $362,540. Property taxes are influenced by local tax rates and the assessed value, which can fluctuate annually based on market conditions and assessments conducted by county officials. For homeowners in Westwood, the tax bill can vary significantly. At the 25th percentile, homeowners might expect to pay around $2,708, while those at the 75th percentile could see bills as high as $5,784. The 90th percentile tax bill can reach up to $9,440. These variations reflect differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Westwood's property tax rates can be more substantial, impacting homeowners by adding a significant annual expense. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Westwood Tax Bill
$4,129
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $1,840 | $2,708 | $4,129 | $5,784 | $9,440 |
Source: Ownwell