Forbestown, California Property Taxes
The median property tax rate in Forbestown, CA is 1.15%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Forbestown at $156,382, the typical annual property tax bill is around $1,775, which is significantly less than the national median of $2,690. Property taxes in Forbestown are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Forbestown's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield substantial annual savings. Whether you're in the heart of Forbestown or another part of Yuba County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forbestown, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Forbestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forbestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forbestown 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 Forbestown, California
Property taxes in Forbestown, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forbestown is 1.15%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Forbestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forbestown 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 Forbestown's effective property tax rate to other counties in California and the national median. For comparison, the 95941 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Forbestown provides valuable insights into the varying tax landscape across Yuba County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forbestown Tax Rate
1.15%
Average Yuba County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | 1.11% | 1.12% | 1.15% | 1.19% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Forbestown, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Forbestown, California. 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 Yuba County Assessor's Office 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 Forbestown, 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. For instance, homeowners in the zip code 95941, which has the highest median tax bill of $1,775, can benefit from this understanding. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Forbestown Assessed Value
$156,382
Average Yuba County Assessed Value
$213,532
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | $37,665 | $91,210 | $156,382 | $245,166 | $330,000 |
Source: Ownwell
Property Tax Bills Across Forbestown, California
In Forbestown, property tax bills are calculated based on the assessed value of a home, which is determined by the Yuba County Assessor. This assessed value typically starts with the market value of the property at the time of purchase and can be adjusted annually based on inflation, but it cannot increase more than 2% per year due to California's Proposition 13. The property tax rate in Forbestown is then applied to this assessed value to determine the annual tax bill. Homeowners in Forbestown face a median tax bill of $1,775, which reflects the local property tax rate and the median home price of $156,382. For example, those in the 25th percentile pay around $1,012, while those in the 75th percentile pay approximately $2,760. At the 90th percentile, the tax bill can reach up to $3,697. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the community.
Average Forbestown Tax Bill
$1,775
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Forbestown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95941 | $441 | $1,012 | $1,775 | $2,760 | $3,697 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Yuba Tax Assessor | |
| Website | common1.mptsweb.com |