Plumas Lake, California Property Taxes
The median property tax rate in Plumas Lake, CA is 1.49%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Plumas Lake at $348,526, the typical annual property tax bill reaches $5,212, exceeding the national median of $2,690. Property taxes in Plumas Lake are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plumas Lake'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 Plumas Lake 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
Plumas Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$5,193
$4,819
Ownwell’s Plumas Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plumas Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plumas Lake 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 Plumas Lake, California
Property taxes in Plumas Lake, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plumas Lake is 1.49%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Plumas Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plumas Lake 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 Plumas Lake's effective property tax rate to other counties in California and the national median. For comparison, the 95961 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Plumas Lake 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 Plumas Lake Tax Rate
1.49%
Average Yuba County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plumas Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | 1.36% | 1.41% | 1.49% | 1.66% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Plumas Lake, California
In Plumas Lake, 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 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 Plumas Lake, 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 Plumas Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95961 has the highest and lowest median tax bill, both at $5,212, reflecting the area's median home price of $348,526.
Average Plumas Lake Assessed Value
$348,526
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 Plumas Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | $206,426 | $276,425 | $348,526 | $426,377 | $486,901 |
Source: Ownwell
Property Tax Bills Across Plumas Lake, California
Property tax bills in Plumas Lake, Yuba County, CA, are calculated based on the assessed value of the property, which is typically determined by the county assessor. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. In Plumas Lake, the median home price stands at $348,526, and the property tax rate is influenced by various local levies and assessments. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and specific local tax rates. For instance, the tax bill at the 25th percentile is $4,316, while at the 75th percentile, it reaches $6,237, and at the 90th percentile, it is $7,207. These variations highlight how different property values and local assessments can significantly impact the tax amount. For homeowners, understanding these factors is crucial, as property taxes represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Plumas Lake's property taxes are relatively higher, reflecting the local real estate market and specific county assessments.
Average Plumas Lake Tax Bill
$5,212
Average Yuba County Tax Bill
$2,745
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Plumas Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95961 | $3,520 | $4,316 | $5,212 | $6,237 | $7,207 |
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 |