Sierra City, California Property Taxes
The median property tax rate in Sierra City, CA is 1.21%, aligning with the state median but significantly higher than the national median of 0.99%. With a median home value of $171,267, the typical annual property tax bill in Sierra City reaches $1,995, which is below the national median of $2,690. Property taxes here are based on the assessed value, which often falls below market value due to exemptions like those for primary residences and agricultural properties. Understanding Sierra City'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 Sierra City or another part of the county, grasping the local property tax intricacies will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sierra City, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,072
$1,923
Ownwell’s Sierra City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sierra City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sierra City 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 Sierra City, California
Property taxes in Sierra City, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sierra City is 1.21%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Sierra City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sierra City 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 Sierra City's effective property tax rate to other counties in California and the national median. For comparison, the 96125 zip code has the highest median property tax rate of 1.21%, while the same 96125 zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Sierra City 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 Sierra City Tax Rate
1.21%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sierra City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96125 | 1.03% | 1.11% | 1.21% | 1.51% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Sierra City, California
In Sierra City, 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. Assessment notices in Sierra City 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. For example, the median home price in Sierra City is $171,267, with tax bills ranging from $1,211 at the 25th percentile to $4,261 at the 90th percentile. Notably, the highest and lowest median tax bills, both at $1,995, occur in zip code 96125. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sierra City, California
Source: Ownwell
$31,721
$629,076
$1,226,430
Average Sierra City Assessed Value
$171,267
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 Sierra City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96125 | $47,860 | $88,390 | $171,267 | $295,608 | $405,482 |
Source: Ownwell
Property Tax Bills Across Sierra City, California
In Sierra City, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Homeowners in Sierra City can expect their property tax bills to vary significantly depending on this assessed value. The median home price in Sierra City is $171,267, and property tax bills can range widely. For instance, the 25th percentile tax bill is $1,211, while the 75th percentile tax bill is $3,162, and the 90th percentile tax bill reaches up to $4,261. These tax bills are influenced by multiple factors, including property improvements, neighborhood changes, and local tax rates. The highest and lowest median tax bills in Sierra City are both recorded at $1,995 in the zip code 96125. Compared to the national median property tax rate of 0.99%, Sierra City's tax rates can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Sierra City Tax Bill
$1,995
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Sierra City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96125 | $868 | $1,211 | $1,995 | $3,162 | $4,261 |
Source: Ownwell