Pike, California Property Taxes
The median property tax rate in Pike, CA is 1.12%, higher than both the national median of 0.99% and the California state median of 1.21%. Given the median home value in Pike, the typical annual property tax bill reaches $2,904, surpassing the national median of $2,690. Property taxes in Pike are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pike'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 Pike 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
Pike, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,891
$2,683
Ownwell’s Pike Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pike with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pike 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 Pike, California
Property taxes in Pike, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pike is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Pike set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pike 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 Pike's effective property tax rate to other counties in California and the national median. For comparison, the 95960 zip code has the highest median property tax rate of 1.12%, while the same zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Pike provides valuable insights into the varying tax landscape across Sierra County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pike Tax Rate
1.12%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95960 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Pike, California
In Pike, 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 Sierra 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 Pike, 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 Pike helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95960 has both the highest and lowest median tax bills, each at $2,904.
Average Pike Assessed Value
$258,158
Average Sierra County Assessed Value
$186,631
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95960 | $258,158 | $258,158 | $258,158 | $258,158 | $258,158 |
Source: Ownwell
Property Tax Bills Across Pike, California
In Pike, located in Sierra County, CA, property tax bills are determined based on the assessed value of the home, which is typically a percentage of the market value. For instance, with a median home price of $258,158, the property tax rate is applied to this value to calculate the annual tax bill. The tax rate in Sierra County is notably higher than the national median property tax rate of 0.99%, resulting in a median tax bill of $2,904. Factors such as property location, market trends, and any applicable exemptions or deductions also influence the final tax amount. For homeowners in Pike, this means that their property tax bill can significantly impact their annual expenses. Understanding these factors is crucial for effective financial planning, as property taxes are a substantial and recurring cost. The uniformity of the tax bill across different percentiles in Pike highlights the consistency in property assessments within the area.
Average Pike Tax Bill
$2,904
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95960 | $2,904 | $2,904 | $2,904 | $2,904 | $2,904 |
Source: Ownwell