Average Tax Assessment in Nevada County
Real Estate Values and Property Tax Valuation in Nevada County, California
Nevada County has 47,090 properties with a cumulative value of $17.9B, representing 0.48% of all real estate value in California. Property taxes in Nevada County totaled $234.8M, with an average property tax rate of 1.31%, lower than the state average of 1.58%. The average Nevada County homeowner pays $4,994 in property taxes, significantly lower than the state average of $5,946. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Nevada Assessor | (530) 265-1232 |
| Nevada Assessor | (870) 887-3410 |
| Nevada Recorder | (530) 265-1221 |
| Nevada Tax Collector | (870) 887-3511 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | June - August |
| Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
| Property Tax Bills Issued: | October 1st |
| Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
| Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
| Available Exemptions | |
|---|---|
| Senior | Not Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Not Available |
| Solar/Wind | Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Nevada County
Residential Property Taxes by Cities in Nevada County
Nevada County has an average property tax rate of 1.31%, which is slightly lower than the national average of 1.34%. This rate is applied to the assessed value of a property to calculate the total amount of taxes due. Property taxes in Nevada County are collected by the county and distributed to the various cities and towns within the county. The effective property tax rate varies across the cities in Nevada County, with Soda Springs having the highest rate at 1.42% and Smartsville having the lowest rate at 1.19%. This means that property owners in Soda Springs will pay more in taxes than those in Smartsville.
Overall, Nevada County has a relatively low property tax rate compared to other counties in the state. This is beneficial for property owners in the county, as it helps to keep their tax bills lower. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county, so it is important to research the rates for the city in which you are considering purchasing a property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Nevada County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $91,187 | $240,822 | $369,940 | $524,670 | $787,414 |
| Grass Valley | $5,446 | $146,735 | $280,556 | $418,158 | $569,860 |
| Nevada City | $43,466 | $166,733 | $315,885 | $484,366 | $691,317 |
| Penn Valley | $10,172 | $211,283 | $326,818 | $460,721 | $648,453 |
| Rough And Ready | $20,377 | $143,150 | $266,626 | $398,444 | $536,809 |
| Smartsville | $105,053 | $185,916 | $276,500 | $381,900 | $490,024 |
| Soda Springs | $41,822 | $109,494 | $217,268 | $366,394 | $483,582 |
| Truckee | $69,725 | $249,118 | $461,045 | $690,368 | $978,809 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Nevada County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $3,011 | $4,027 | $5,296 | $6,829 | $9,571 |
| Grass Valley | $888 | $2,035 | $3,304 | $4,712 | $6,374 |
| Nevada City | $1,316 | $2,323 | $3,789 | $5,558 | $7,756 |
| Penn Valley | $2,494 | $3,616 | $4,696 | $6,027 | $7,869 |
| Rough And Ready | $1,317 | $2,008 | $3,180 | $4,540 | $6,184 |
| Smartsville | $1,723 | $2,350 | $3,188 | $4,297 | $5,372 |
| Soda Springs | $1,334 | $1,961 | $3,248 | $4,847 | $6,283 |
| Truckee | $2,935 | $4,371 | $6,466 | $8,962 | $12,320 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | 3.30% | 1.67% | 1.43% | 1.30% | 1.22% |
| Grass Valley | 16.31% | 1.39% | 1.18% | 1.13% | 1.12% |
| Nevada City | 3.03% | 1.39% | 1.20% | 1.15% | 1.12% |
| Penn Valley | 24.52% | 1.71% | 1.44% | 1.31% | 1.21% |
| Rough And Ready | 6.46% | 1.40% | 1.19% | 1.14% | 1.15% |
| Smartsville | 1.64% | 1.26% | 1.15% | 1.13% | 1.10% |
| Soda Springs | 3.19% | 1.79% | 1.49% | 1.32% | 1.30% |
| Truckee | 4.21% | 1.75% | 1.40% | 1.30% | 1.26% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Nevada County
The median home price in Nevada County decreased by 0.58% from October 2022 to October 2023, from $602.5K to $599.0K. This decrease in home prices was accompanied by a decrease in home inventory, from 570 in October 2022 to 515 in October 2023. This suggests that the housing market in Nevada County is cooling off, with fewer homes available and lower prices.
Average Home Value in Nevada County, California
Last updated: November 2023
Percent Change in Total Home Sales in Nevada County
Last updated: November 2023
Percent Change in New Home Listings in Nevada County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Nevada County
Nevada County has a total of $6.7 billion in outstanding home mortgage loans, representing 23.5 thousand individual loans. This amount is equivalent to approximately 44% of the total home value in the county. The median mortgage rate in Nevada County varies significantly across cities, with the highest rate in Smartsville at 4.46% and the lowest rate in Soda Springs at 3.93%. This variation in rates can have a significant impact on the cost of borrowing for home buyers in the county.
Overall, Nevada County has a relatively high amount of outstanding home mortgage loans, with a large portion of the total home value in the county being tied up in these loans. Home buyers in the county should be aware of the variation in mortgage rates across cities, as this can have a significant impact on the cost of borrowing.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Nevada County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $86,948 | $145,284 | $240,922 | $367,514 | $497,584 |
| Grass Valley | $61,724 | $120,270 | $212,340 | $329,097 | $438,303 |
| Nevada City | $58,301 | $120,029 | $217,984 | $343,120 | $470,912 |
| Penn Valley | $69,806 | $129,910 | $220,943 | $327,646 | $438,461 |
| Rough And Ready | $53,411 | $98,207 | $176,378 | $311,405 | $447,390 |
| Smartsville | $35,617 | $92,397 | $170,542 | $279,789 | $371,092 |
| Soda Springs | $54,753 | $110,345 | $193,942 | $310,613 | $421,222 |
| Truckee | $84,918 | $167,036 | $292,281 | $445,151 | $649,450 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Nevada County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | 2.90% | 3.50% | 4.02% | 5.50% | 6.93% |
| Grass Valley | 2.90% | 3.57% | 4.23% | 5.89% | 7.10% |
| Nevada City | 3.00% | 3.60% | 4.31% | 5.97% | 7.09% |
| Penn Valley | 2.90% | 3.47% | 4.09% | 5.69% | 7.00% |
| Rough And Ready | 3.06% | 3.65% | 4.44% | 6.04% | 7.17% |
| Smartsville | 3.11% | 3.77% | 4.46% | 6.12% | 7.25% |
| Soda Springs | 2.84% | 3.35% | 3.93% | 5.50% | 6.75% |
| Truckee | 2.90% | 3.55% | 4.17% | 5.77% | 6.98% |
Housing Expenses in Nevada County, California
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.