Millville, California Property Taxes
The median property tax rate in Millville, CA is 1.04%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Millville of $355,642, the typical annual property tax bill reaches $3,691, surpassing the national median of $2,690. Property taxes in Millville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Millville'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 Millville 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
Millville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,699
$3,432
Ownwell’s Millville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millville 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 Millville, California
Property taxes in Millville, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millville is 1.04%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Millville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millville 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 Millville's effective property tax rate to other counties in California and the national median. For comparison, the 96062 zip code has the highest median property tax rate of 1.04%, while the 96062 zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Millville 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 Millville Tax Rate
1.04%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96062 | 1.03% | 1.04% | 1.04% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Millville, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millville, California. 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 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 Millville, 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 Millville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Millville, the highest median tax bill is $3,691 in zip code 96062, while the lowest is also $3,691 in the same zip code.
Property Tax Assessment Values Across Millville, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average Millville Assessed Value
$355,642
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 Millville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96062 | $120,708 | $206,608 | $355,642 | $485,514 | $628,453 |
Source: Ownwell
Property Tax Bills Across Millville, California
In Millville, located in Shasta County, CA, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price here stands at $355,642. Property taxes are influenced by multiple factors, including local tax rates and any applicable exemptions. Homeowners in Millville typically see tax bills ranging from $2,075 at the 25th percentile to $6,728 at the 90th percentile. The median property tax bill in the highest and lowest zip codes within Shasta County is $3,691. Compared to the national median property tax rate of 0.99%, Millville homeowners experience slightly higher tax rates due to the region's specific assessments and levies. This can significantly impact household budgets, making it crucial for homeowners to be aware of their property's assessed value and any available exemptions that could lower their tax obligations. Understanding these elements can help homeowners better manage their finances and plan for annual tax payments.
Average Millville Tax Bill
$3,691
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Millville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96062 | $1,087 | $2,075 | $3,691 | $5,115 | $6,728 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |