Oroville, California Property Taxes
The median property tax rate in Oroville, CA is 1.15%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $133,447 in Oroville, the typical annual property tax bill amounts to $1,560, which is below the national median of $2,690. Property taxes in Oroville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Oroville'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 Oroville 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
Oroville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,535
$1,424
Ownwell’s Oroville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oroville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oroville 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 Oroville, California
Property taxes in Oroville, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Oroville is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Oroville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oroville 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 Oroville's effective property tax rate to other counties in California and the national median. For comparison, the 95966 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 areas compare with Oroville 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 Oroville 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 Oroville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95966 | 1.11% | 1.12% | 1.15% | 1.17% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Oroville, California
In Oroville, 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 local 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 Oroville, 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 Oroville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Oroville, the zip code 95966 has the highest and lowest median tax bills, both at $1,560.
Average Oroville Assessed Value
$133,447
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 Oroville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95966 | $68,790 | $117,024 | $133,447 | $247,532 | $336,353 |
Source: Ownwell
Property Tax Bills Across Oroville, California
In Oroville, located in Yuba County, CA, property tax bills are calculated based on the assessed value of a home. The assessment is determined by the county assessor's office and typically reflects the market value of the property at the time of purchase or the last reassessment. Homeowners in Oroville face property tax bills that vary significantly, with the 25th percentile paying around $1,357 and the 75th percentile paying up to $2,807. The 90th percentile of homeowners faces even higher bills, reaching approximately $3,854. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest median tax bill in Oroville is $1,560, found in the 95966 zip code. These property taxes are crucial for funding public services such as schools, infrastructure, and emergency services. For homeowners, understanding how their property tax bill is determined is essential for financial planning and managing annual expenses.
Average Oroville Tax Bill
$1,560
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Oroville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95966 | $799 | $1,357 | $1,560 | $2,807 | $3,854 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Yuba Tax Assessor | |
| Website | common1.mptsweb.com |