Burney, California Property Taxes
The median property tax rate in Burney, CA is 1.08%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With the median home value in Burney at $124,395, the typical annual property tax bill is $1,284, which is lower than the national median of $2,690. Property taxes in Burney 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 Burney'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 Burney 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
Burney, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Burney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burney 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 Burney, California
Property taxes in Burney, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burney is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Burney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burney 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 Burney's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in Shasta County is also in Burney, at 1.08%, while the lowest median tax rate is identical at 1.08%. Understanding how these cities compare with Burney provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burney Tax Rate
1.08%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burney, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96013 | 0.99% | 1.03% | 1.08% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Burney, California
In Burney, 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 Shasta County Assessor's Office 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 Burney, 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. For instance, the median home price is $124,395, with tax bills ranging from $726 at the 25th percentile to $2,846 at the 90th percentile. The zip code 96013 has both the highest and lowest median tax bill, which is $1,284. Being aware of these valuation processes in Burney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burney Assessed Value
$124,395
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burney, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96013 | $36,929 | $73,443 | $124,395 | $194,466 | $264,098 |
Source: Ownwell
Property Tax Bills Across Burney, California
In Burney, located in Shasta County, CA, property tax bills are calculated based on the assessed value of the property, which typically starts with the market value at the time of purchase. The assessed value may be adjusted annually to account for inflation or improvements to the property. Local tax rates are then applied to this assessed value to determine the tax bill. For homeowners in Burney, the median home price stands at $124,395. Property tax bills in this area vary significantly, with the 25th percentile at $726 and the 75th percentile reaching $2,066. The 90th percentile tax bill can go up to $2,846. This range indicates that while some homeowners may pay relatively low property taxes, others could face much higher bills depending on the assessed value and any additional local taxes or assessments. With a median property tax rate of 0.99% nationally, Burney's property tax rates present a diverse financial landscape for homeowners, affecting their annual expenses and overall financial planning.
Average Burney Tax Bill
$1,284
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Burney, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96013 | $327 | $726 | $1,284 | $2,066 | $2,846 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |