Platina, California Property Taxes
The median property tax rate in Platina, CA, is 1.06%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With a median home value of $142,800 in Platina, the typical annual property tax bill is around $1,516, which is lower than the national median of $2,690. Property taxes in Platina are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Platina'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 Platina or another part of Shasta County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Platina, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,514
$1,430
Ownwell’s Platina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Platina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Platina 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 Platina, California
Property taxes in Platina, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Platina is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Platina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Platina 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 Platina's effective property tax rate to other areas in California and the national median. For comparison, the 96076 zip code has the highest median property tax rate of 1.06%, while the lowest median tax rate is also 1.06%. Understanding how these figures compare with Platina 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 Platina Tax Rate
1.06%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | 1.03% | 1.05% | 1.06% | 1.08% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Platina, California
In Platina, 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 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 Platina, 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 Platina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Platina is $142,800, with the highest and lowest median tax bills both being $1,516 in the 96076 zip code.
Average Platina Assessed Value
$142,800
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 Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $41,727 | $71,400 | $142,800 | $184,056 | $289,317 |
Source: Ownwell
Property Tax Bills Across Platina, California
In Platina, located in Shasta County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Platina, the median home price is $142,800. The property tax rate in Shasta County aligns closely with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property improvements, local tax rates, and any applicable exemptions or reductions. The tax bill can vary significantly across different homes. For instance, the 25th percentile of tax bills is $768, while the 75th percentile reaches $1,948, and the 90th percentile can be as high as $3,036. The median tax bill in the 96076 zip code stands at $1,516. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Platina.
Average Platina Tax Bill
$1,516
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $457 | $768 | $1,516 | $1,948 | $3,036 |
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 |