Marysville, California Property Taxes
The median property tax rate in Marysville, CA is 1.19%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $198,001, the typical annual property tax bill in Marysville is $2,457, which is lower than the national median of $2,690. Property taxes in Marysville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Marysville'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 Marysville 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
Marysville, 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 Marysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marysville 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 Marysville, California
Property taxes in Marysville, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marysville is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Marysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marysville 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 Marysville's effective property tax rate to other counties in California and the national median. For comparison, the 95901 zip code has the highest median property tax rate of 1.19%, while the 95901 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Marysville 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 Marysville Tax Rate
1.19%
Average Yuba County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marysville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95901 | 1.13% | 1.14% | 1.19% | 1.38% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Marysville, California
In Marysville, 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 Yuba 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 Marysville, 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 Marysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 95901 has the highest and lowest median tax bill at $2,457.
Average Marysville Assessed Value
$198,001
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 Marysville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95901 | $61,029 | $111,735 | $198,001 | $304,990 | $382,500 |
Source: Ownwell
Property Tax Bills Across Marysville, California
In Marysville, located in Yuba County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Homeowners in Marysville can expect their property tax bills to be influenced by several factors, including the assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Marysville is $198,001. Property tax bills in the area can vary significantly, with the 25th percentile at $1,385 and the 75th percentile reaching $3,986. At the 90th percentile, property tax bills can go as high as $5,248. The highest median tax bill recorded in the area is $2,457, which is significantly higher than the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to their overall housing costs, influencing affordability, and potentially affecting property values in the long term. Understanding these factors can help homeowners better manage their financial planning and obligations.
Average Marysville Tax Bill
$2,457
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Marysville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95901 | $797 | $1,385 | $2,457 | $3,986 | $5,248 |
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 |