Paynes Creek, California Property Taxes
The median property tax rate in Paynes Creek, CA is 1.01%, 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 Paynes Creek at $27,922, the typical annual property tax bill is $235, which is significantly below the national median of $2,690. Property taxes in Paynes Creek are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Paynes Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Paynes Creek or another part of Tehama County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paynes Creek, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$282
$262
Ownwell’s Paynes Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paynes Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paynes Creek 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 Paynes Creek, California
Property taxes in Paynes Creek, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paynes Creek is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Paynes Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paynes Creek 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 Paynes Creek's effective property tax rate to other areas in California and the national median. For comparison, the 96075 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Paynes Creek 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 Paynes Creek Tax Rate
1.01%
Average Tehama County Tax Rate
1.01%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paynes Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96075 | 0.77% | 0.98% | 1.01% | 1.01% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Paynes Creek, California
In Paynes Creek, 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 county's 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 Paynes Creek, 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 Paynes Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $235, found in zip code 96075.
Property Tax Assessment Values Across Paynes Creek, California
Source: Ownwell
$27,922
$159,892
$291,862
Average Paynes Creek Assessed Value
$27,922
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 Paynes Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96075 | $13,260 | $20,949 | $27,922 | $60,589 | $104,537 |
Source: Ownwell
Property Tax Bills Across Paynes Creek, California
In Paynes Creek, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Tehama County Assessor's Office. The assessed value is typically a percentage of the property's market value. For homeowners in Paynes Creek, the median home price is $27,922. Property taxes are then calculated by applying the local tax rate to this assessed value. The tax bills in Paynes Creek vary significantly, with the 25th percentile at $139 and the 75th percentile at $439, while the 90th percentile can reach up to $924. These tax bills can impact homeowners in various ways. Lower tax bills, such as those at the 25th percentile, may make homeownership more affordable and attractive. Conversely, higher tax bills closer to the 90th percentile can strain household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Paynes Creek Tax Bill
$235
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Paynes Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96075 | $73 | $139 | $235 | $439 | $924 |
Source: Ownwell