Example of Butte County Property Tax Calculation
Butte County Property Tax calculation is the way the County determines how much property tax a homeowner must pay each year. To calculate the tax, the County first determines the assessed value of the property. This is done by assessing the value of the land, the buildings, and any improvements made to the property.
Once the assessed value is determined, the County applies the property tax rate to this value. The property tax rate is a percentage of the assessed value and is set by the County each year. For example, if the assessed value of a property in Butte County is $200,000 and the property tax rate is 1%, the property tax owed would be $2,000 ($200,000 x 0.01).
It is important to note that property tax rates can vary depending on the location and type of property. Additionally, some properties may be eligible for exemptions or special assessments that can affect the property tax calculation. Homeowners in Butte County can contact the County Assessor's Office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Butte County Property Tax Rates
The following table shows the Butte County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Tax | $1.00 |
| County Service Area (CSA) No. 1 | $0.12 |
| CSA No. 2 (Paradise Pines) | $0.1834 |
| CSA No. 3 (Lake Oroville Area) | $0.1802 |
| CSA No. 4 (Magalia) | $0.3157 |
| CSA No. 5 (Pulga) | $0.8695 |
| CSA No. 10 (Upper Ridge) | $0.1326 |
| CSA No. 16 (Highway 70 Corridor) | $0.2397 |
| Fire Protection Districts | Varies by district |
Please note that the rates may vary according to the district and the assessed value of the property. It is important to consult a tax advisor for specific information regarding property tax rates in Butte County.
Who sets property tax rates in Butte County ?
Butte County Property Tax Rates
Property tax rates in Butte County, located in California, are set by a few different entities depending on the type of property.
- For residential properties, the Butte County Board of Supervisors sets the property tax rate every year during the budget process.
- For commercial and industrial properties, the tax rate is set by the California State Board of Equalization.
- For agricultural and open space lands, the tax rate is determined by the Butte County Agricultural Commissioner.
It's important to note that property taxes are based on a percentage of the property's assessed value, not its market value. The assessed value is determined by the Butte County Assessor's Office, which evaluates properties every year.
Property owners in Butte County receive their property tax bills in November, and the taxes are due by December 10th. Late payments are subject to penalties and interest.
Overall, understanding property tax rates in Butte County can be complex. It's important to consult with a tax advisor or reach out to the county's tax department for further assistance.
Homestead exemptions in Butte County ?
In Butte County, California, homeowners can take advantage of several Homestead exemptions and deductions to reduce their property taxes. Here is a breakdown of the county-specific exemptions and deductions you should be aware of:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Exemption | All homeowners | $7,000 | Applied automatically |
| Disabled Veteran | Honorably discharged veterans with service-connected disabilities | Up to $196,262 | Must apply with county assessor |
| Homeowner's Exemption | Owner-occupied primary residences | $7,000 | Applied automatically |
| Senior Citizen | Homeowners 65 or older | $24,000 | Must apply with county assessor |
Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Agricultural Land | Property used for commercial agriculture | Up to 50% of assessed value | Must apply with county assessor |
| Disabled Veterans' Exemption | Honorably discharged veterans with service-connected disabilities | Up to $196,262 | Must apply with county assessor |
| Homeowner's Property Tax Assistance | Low-income homeowners | Up to $472 | Must apply with county assessor |
| Parent-Child Transfer | Transferring ownership to a child or grandchild | Exempt | Must apply with county assessor |
It's important to note that some of these exemptions and deductions require specific eligibility requirements, so it's best to contact the county assessor for more information. By taking advantage of these opportunities, homeowners in Butte County can save money on their property taxes.
When is Butte County Property Tax due ?
Butte County Property Tax is typically due on November 1st of each year. The taxes cover the period from July 1st of the previous year to June 30th of the current year. Here are some important details to keep in mind:
Payment Methods:
There are multiple payment methods available for Butte County Property Tax:
- Online: You can pay your property tax online using a credit card, debit card or e-check through the official Butte County website.
- Mail: You can mail a check or money order to the Butte County Tax Collector's Office. Make sure to include your parcel number on the check.
- In-Person: You can pay your property tax in-person at the Butte County Tax Collector's Office using cash, check, or money order. Credit and debit card payments are also accepted, but there is a convenience fee.
Late Payment Penalties:
It is important to pay your Butte County Property Tax on time to avoid late payment penalties. Here are the late payment penalties for property tax:
- 10% penalty: If the payment is not received by 5:00 PM on December 10th
- 1.5% interest charge: Interest begins to accrue on December 11th and continues to accrue on the first of each month until the tax is paid in full.
In summary, Butte County Property Tax is typically due on November 1st of each year, and there are multiple payment methods available including online, mail, and in-person. To avoid late payment penalties, it is important to pay on time or make arrangements with the Tax Collector's Office.
If you have more questions - contact your local tax collector.
How is Butte County Property Tax penalty calculated ?
Butte County Property Tax Penalty Calculation
If you own property in Butte County, you are required to pay property taxes every year. If you fail to pay your property taxes on time, you could face penalties and interest charges. The penalty is calculated based on the amount of taxes owed and the number of days late.
Here is an example of how to calculate the penalty:
- Property tax due: $5,000
- Payment deadline: April 10th
- Date paid: June 1st (52 days late)
To calculate the penalty, you take the amount owed ($5,000) and multiply it by the penalty rate, which is 1.5% per month or 18% per year. Then, you divide that number by 365 to get the daily penalty rate.
- Monthly penalty rate: 1.5% x $5,000 = $75
- Daily penalty rate: $75 / 365 = $0.21
Next, you multiply the daily penalty rate by the number of days late (52) to get the total penalty:
- Total penalty: $0.21 x 52 = $10.92
So in this example, the property owner would owe an additional $10.92 in penalties on top of the $5,000 in property taxes.
It's important to note that interest charges also accumulate on late property tax payments. The interest rate is currently 1.5% per month or 18% per year. Interest is calculated in the same way as the penalty, using the amount owed and the number of days late.
In summary, property tax penalties in Butte County are calculated based on the amount owed and the number of days late, with a penalty rate of 1.5% per month or 18% per year. Interest charges also apply at the same rate. It's important to pay property taxes on time to avoid additional fees and charges.
We recommend contacting the Butte County Tax Office or a local tax professional for the most up-to-date and accurate information.