Platina, California Property Taxes
The median property tax rate in Platina, 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 Platina at $199,114, the typical annual property tax bill amounts to $672, which is substantially below the national median of $2,690. Property taxes in Platina are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Platina'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 Platina 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
Platina, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,011
$1,900
Ownwell’s Platina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Platina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Platina 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 Platina, California
Property taxes in Platina, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Platina is 1.01%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Platina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Platina 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 Platina's effective property tax rate to other counties in California and the national median. For comparison, the 96076 zip code has the highest median property tax rate of 1.01%, while the 96076 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Platina 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 Platina 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 Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | 0.71% | 0.99% | 1.01% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Platina, California
In Platina, 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. In Platina, 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 Platina 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 Platina are both $672.00, found in the zip code 96076.
Average Platina Assessed Value
$199,114
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 Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $66,656 | $91,008 | $199,114 | $229,908 | $5,370,125 |
Source: Ownwell
Property Tax Bills Across Platina, California
In Platina, CA, located in Tehama County, property tax bills are calculated based on the assessed value of the property. The assessed value typically starts with the market value of the home, which in Platina has a median home price of $199,114. This value is then multiplied by the local property tax rate. Homeowners in Platina can expect their tax bills to vary significantly, with the 25th percentile bill being $308 and the 75th percentile reaching $1,156. For those at the higher end, the 90th percentile tax bill can be as much as $2,012. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bill both stand at $672 in the 96076 zip code, reflecting a relatively narrow range in this area. Compared to the national median property tax rate of 0.99%, Platina's property taxes can present a varying burden on homeowners, affecting affordability and overall financial planning.
Average Platina Tax Bill
$672
Average Tehama County Tax Bill
$1,477
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Platina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96076 | $308 | $308 | $672 | $1,156 | $2,012 |
Source: Ownwell