Flournoy, California Property Taxes
The median property tax rate in Flournoy, CA is 1.03%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Flournoy, the typical annual property tax bill amounts to $1,238, which is below the national median of $2,690. Property taxes in Flournoy are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Flournoy'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 Flournoy 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
Flournoy, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$3,006
$2,790
Ownwell’s Flournoy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flournoy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flournoy 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 Flournoy, California
Property taxes in Flournoy, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flournoy is 1.03%, slightly above the U.S. national median of 0.99%. Local government entities within Flournoy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flournoy 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 Flournoy's effective property tax rate to other counties in California and the national median. For comparison, the 96029 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Flournoy provides valuable insights into the varying tax landscape across Tehama County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flournoy Tax Rate
1.03%
Average Tehama County Tax Rate
1.01%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flournoy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96029 | 1.00% | 1.02% | 1.03% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Flournoy, California
In Flournoy, 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 Tehama 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 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 Flournoy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96029 has both the highest and lowest median tax bills at $1,238.
Average Flournoy Assessed Value
$291,862
Average Tehama County Assessed Value
$177,715
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flournoy, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96029 | $75,380 | $109,784 | $291,862 | $348,463 | $445,802 |
Source: Ownwell
Property Tax Bills Across Flournoy, California
In Flournoy, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on the real estate market. For instance, the median home price in Flournoy stands at $291,862. The property tax rate in this region is influenced by local government budgets and voter-approved measures. Several factors are considered when determining the tax bill, including property improvements, location, and any applicable exemptions. Homeowners in Flournoy can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $773, while those in the 75th percentile may see bills as high as $3,548. At the 90th percentile, tax bills can reach up to $4,552. These property taxes fund essential community services such as schools, public safety, and infrastructure. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Flournoy Tax Bill
$1,238
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Flournoy, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96029 | $363 | $773 | $1,238 | $3,548 | $4,552 |
Source: Ownwell