Meridian, California Property Taxes
The median property tax rate in Meridian, CA is 1.09%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Meridian, the typical annual property tax bill amounts to $1,336, which is below the national median of $2,690. Property taxes in Meridian are calculated based on the assessed value, which is often less than the market value due to various exemptions such as the primary residence exemption. Understanding Meridian'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 Meridian 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
Meridian, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,346
$1,272
Ownwell’s Meridian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meridian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meridian 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 Meridian, California
Property taxes in Meridian, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meridian is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Meridian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meridian 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 Meridian's effective property tax rate to other counties in California and the national median. For comparison, the 95957 zip code has the highest median property tax rate of 1.09%, while the same 95957 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Meridian 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 Meridian Tax Rate
1.09%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meridian, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95957 | 1.05% | 1.06% | 1.09% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Meridian, California
In Meridian, CA, 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 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 Meridian, 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 Meridian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95957 has the highest median tax bill at $1,336, reflecting the variability within the region.
Average Meridian Assessed Value
$123,521
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 Meridian, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95957 | $24,575 | $57,941 | $123,521 | $260,120 | $425,619 |
Source: Ownwell
Property Tax Bills Across Meridian, California
In Meridian, located in Sutter County, CA, property tax bills are determined based on the assessed value of your home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. For example, if your home in Meridian has a median home price of $123,521, the tax bill can range significantly. Homeowners at the 25th percentile might pay around $619, while those at the 75th percentile could see bills as high as $2,821. At the 90th percentile, tax bills can soar to $4,551. These tax bills impact homeowners by influencing their monthly mortgage payments and overall affordability of owning a home. Compared to the national median property tax rate of 0.99%, Meridian's tax rates can vary, making it crucial for homeowners to understand these factors. Additionally, the highest and lowest median tax bills in the area are both $1,336, found in the zip code 95957, indicating some consistency in property tax assessments within specific locales of Sutter County.
Average Meridian Tax Bill
$1,336
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Meridian, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95957 | $294 | $619 | $1,336 | $2,821 | $4,551 |
Source: Ownwell