Verdi, California Property Taxes
The median property tax rate in Verdi, CA is 1.01%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Verdi at $403,795, the typical annual property tax bill reaches $4,026, surpassing the national median of $2,690. Property taxes in Verdi are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Verdi'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 Verdi 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
Verdi, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$4,078
$3,852
Ownwell’s Verdi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Verdi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Verdi 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 Verdi, California
Property taxes in Verdi, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Verdi is 1.01%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Verdi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verdi 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 Verdi's effective property tax rate to other counties in California and the national median. For comparison, the 89439 zip code has the highest median property tax rate of 0.82%, while the 89439 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Verdi 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 Verdi Tax Rate
1.01%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Verdi, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | 0.52% | 0.58% | 0.82% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Verdi, California
In Verdi, 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 Appraisal District 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 Verdi, 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. Verdi's property tax bills range from $3,131 at the 25th percentile to $7,040 at the 90th percentile, with the highest and lowest median tax bills both at $4,071 in zip code 89439. Being aware of these valuation processes in Verdi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Verdi Assessed Value
$403,795
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 Verdi, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | $397,450 | $401,529 | $602,398 | $901,083 | $1,081,232 |
Source: Ownwell
Property Tax Bills Across Verdi, California
In Verdi, located in Sierra County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the market value at the time of purchase. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors are considered, including property improvements and local tax levies. For homeowners, this means that changes in the real estate market or significant home renovations can impact their tax bills. For instance, with a median home price of $403,795, the property tax bills in Verdi can range significantly. At the 25th percentile, homeowners might pay around $3,131, while at the 75th percentile, the tax bill can go up to $5,100. Those at the 90th percentile could see tax bills as high as $7,040. Compared to the national median property tax rate of 0.99%, Verdi’s tax rates indicate a substantial cost for homeowners, reflecting the local economic conditions and public service funding needs.
Average Verdi Tax Bill
$4,026
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Verdi, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | $3,885 | $3,976 | $4,071 | $4,937 | $6,417 |
Source: Ownwell