Gridley, California Property Taxes
The median property tax rate in Gridley, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $164,948 in Gridley, the typical annual property tax bill amounts to $2,070, which is below the national median of $2,690. Property taxes in Gridley 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. Navigating Gridley'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 Gridley 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
Gridley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,979
$1,870
Ownwell’s Gridley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gridley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gridley 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 Gridley, California
Property taxes in Gridley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gridley is 1.20%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Gridley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gridley 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 Gridley's effective property tax rate to other counties in California and the national median. For comparison, the 95948 zip code has the highest median property tax rate of 1.20%, while the 95948 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Gridley provides valuable insights into the varying tax landscape across Sutter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gridley Tax Rate
1.20%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gridley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95948 | 1.16% | 1.19% | 1.20% | 1.22% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Gridley, California
In Gridley, 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 Sutter 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 Gridley, 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 Gridley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2070, found in the 95948 zip code.
Average Gridley Assessed Value
$164,948
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gridley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95948 | $86,153 | $92,637 | $164,948 | $319,710 | $324,738 |
Source: Ownwell
Property Tax Bills Across Gridley, California
In Gridley, located in Sutter 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 generally reflects the market value of the property. Homeowners in Gridley can expect their tax bills to vary significantly depending on the value of their homes. For instance, the 25th percentile tax bill is around $1,054, while the 75th percentile tax bill jumps to $3,850. The highest tax bills in the area can reach up to $3,888, indicating a wide range of property values and corresponding tax obligations. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or deductions. For homeowners, these property taxes are a significant annual expense that directly impacts their overall cost of living. With a median home price of $164,948, the property tax rate in Gridley is relatively high compared to the national median property tax rate of 0.99%, making it crucial for homeowners to understand how their tax bills are determined and managed.
Average Gridley Tax Bill
$2,070
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Gridley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95948 | $1,023 | $1,054 | $2,070 | $3,850 | $3,888 |
Source: Ownwell