Average Tax Assessment in Placer County
Real Estate Values and Property Tax Valuation in Placer County, California
Placer County has a total of 145,512 properties, with a cumulative value of $66.0B. This accounts for 1.78% of all real estate value in California. Property taxes in Placer County amount to $892.9M, with an average homeowner paying $6,149 in property taxes, which is slightly higher than the state average of $5,946. The average property tax rate in Placer County is 1.35%, lower than the state average of 1.58%. Properties are valued for tax purposes based on their market value, which is determined by the local assessor.
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 | |
|---|---|
| Placer Recorder | (530) 886-5600 |
| Placer Treasurer / Tax Collector | (530) 889-4120 |
| 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 |
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Real Estate Statistics in Placer County
Residential Property Taxes by Cities in Placer County
Placer County has an average property tax rate of 1.35%, which is slightly lower than the average rate for the rest of the state. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Placer County. For example, the city of Sheridan has the highest effective property tax rate at 1.46%, while the city of Alta has the lowest effective property tax rate at 1.13%. This means that property owners in Sheridan will pay more in property taxes than those in Alta. Overall, Placer County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Placer 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 |
|---|---|---|---|---|---|
| Alpine Meadows | $134,871 | $291,275 | $485,225 | $793,535 | $1,212,194 |
| Alta | $49,661 | $126,122 | $220,000 | $349,232 | $481,595 |
| Applegate | $62,784 | $161,030 | $272,895 | $401,980 | $518,342 |
| Auburn | $55,670 | $170,004 | $333,182 | $490,036 | $672,812 |
| Carnelian Bay | $78,679 | $227,975 | $436,256 | $725,632 | $1,261,766 |
| Colfax | $39,826 | $155,072 | $270,390 | $404,032 | $580,203 |
| Foresthill | $45,114 | $180,552 | $289,814 | $405,393 | $520,313 |
| Granite Bay | $126,128 | $391,181 | $618,977 | $883,392 | $1,259,006 |
| Homewood | $54,848 | $161,202 | $397,670 | $735,000 | $1,479,047 |
| Kings Beach | $48,863 | $173,602 | $324,736 | $515,536 | $792,666 |
| Lincoln | $94,422 | $289,073 | $410,991 | $525,951 | $665,318 |
| Loomis | $45,277 | $189,230 | $393,875 | $682,576 | $1,114,655 |
| Meadow Vista | $54,566 | $209,112 | $375,944 | $590,389 | $1,055,400 |
| Newcastle | $59,122 | $220,246 | $417,372 | $669,599 | $907,699 |
| Norden | $93,382 | $237,692 | $468,340 | $711,452 | $1,056,534 |
| Olympic Valley | $136,063 | $267,506 | $448,000 | $727,593 | $1,424,340 |
| Penryn | $72,383 | $250,222 | $429,745 | $671,792 | $897,666 |
| Rocklin | $127,636 | $276,829 | $419,299 | $542,204 | $670,000 |
| Roseville | $80,307 | $252,644 | $389,745 | $506,247 | $613,278 |
| Sheridan | $19,001 | $102,744 | $220,288 | $353,588 | $493,909 |
| Tahoe City | $76,612 | $200,604 | $425,000 | $773,292 | $1,261,344 |
| Tahoe Vista | $52,801 | $166,566 | $315,701 | $567,259 | $861,784 |
| Tahoma | $91,757 | $216,318 | $491,000 | $1,062,656 | $2,271,883 |
| Truckee | $50,602 | $227,661 | $616,605 | $1,714,884 | $3,613,664 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Placer County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine Meadows | $2,611 | $4,039 | $6,068 | $9,311 | $13,986 |
| Alta | $841 | $1,556 | $2,452 | $3,785 | $5,273 |
| Applegate | $1,564 | $2,390 | $3,529 | $4,780 | $6,043 |
| Auburn | $1,767 | $2,896 | $4,547 | $6,284 | $8,277 |
| Carnelian Bay | $2,409 | $3,642 | $5,913 | $8,979 | $15,009 |
| Colfax | $1,232 | $2,025 | $3,138 | $4,568 | $6,393 |
| Foresthill | $1,809 | $2,578 | $3,634 | $4,811 | $6,078 |
| Granite Bay | $3,554 | $5,347 | $7,552 | $10,481 | $14,669 |
| Homewood | $1,777 | $2,927 | $5,560 | $9,038 | $17,836 |
| Kings Beach | $2,047 | $2,978 | $4,698 | $6,770 | $10,005 |
| Lincoln | $2,659 | $4,058 | $5,554 | $7,418 | $8,932 |
| Loomis | $1,854 | $3,079 | $5,152 | $8,483 | $13,546 |
| Meadow Vista | $1,722 | $2,948 | $4,567 | $6,825 | $13,493 |
| Newcastle | $1,602 | $3,119 | $5,112 | $7,626 | $10,136 |
| Norden | $2,418 | $3,572 | $5,999 | $8,502 | $12,150 |
| Olympic Valley | $2,470 | $3,456 | $5,508 | $8,737 | $16,898 |
| Penryn | $1,842 | $3,506 | $5,106 | $7,863 | $10,188 |
| Rocklin | $2,711 | $3,773 | $5,605 | $7,819 | $9,699 |
| Roseville | $2,088 | $3,247 | $4,948 | $7,188 | $8,837 |
| Sheridan | $1,699 | $2,380 | $3,225 | $4,591 | $5,551 |
| Tahoe City | $2,191 | $3,442 | $5,843 | $9,553 | $14,962 |
| Tahoe Vista | $2,019 | $2,867 | $4,663 | $7,277 | $10,499 |
| Tahoma | $2,244 | $3,583 | $6,689 | $12,850 | $26,363 |
| Truckee | $2,135 | $5,235 | $10,227 | $23,668 | $42,538 |
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 |
|---|---|---|---|---|---|
| Alpine Meadows | 1.94% | 1.39% | 1.25% | 1.17% | 1.15% |
| Alta | 1.69% | 1.23% | 1.11% | 1.08% | 1.09% |
| Applegate | 2.49% | 1.48% | 1.29% | 1.19% | 1.17% |
| Auburn | 3.17% | 1.70% | 1.36% | 1.28% | 1.23% |
| Carnelian Bay | 3.06% | 1.60% | 1.36% | 1.24% | 1.19% |
| Colfax | 3.09% | 1.31% | 1.16% | 1.13% | 1.10% |
| Foresthill | 4.01% | 1.43% | 1.25% | 1.19% | 1.17% |
| Granite Bay | 2.82% | 1.37% | 1.22% | 1.19% | 1.17% |
| Homewood | 3.24% | 1.82% | 1.40% | 1.23% | 1.21% |
| Kings Beach | 4.19% | 1.72% | 1.45% | 1.31% | 1.26% |
| Lincoln | 2.82% | 1.40% | 1.35% | 1.41% | 1.34% |
| Loomis | 4.09% | 1.63% | 1.31% | 1.24% | 1.22% |
| Meadow Vista | 3.16% | 1.41% | 1.21% | 1.16% | 1.28% |
| Newcastle | 2.71% | 1.42% | 1.22% | 1.14% | 1.12% |
| Norden | 2.59% | 1.50% | 1.28% | 1.20% | 1.15% |
| Olympic Valley | 1.82% | 1.29% | 1.23% | 1.20% | 1.19% |
| Penryn | 2.54% | 1.40% | 1.19% | 1.17% | 1.13% |
| Rocklin | 2.12% | 1.36% | 1.34% | 1.44% | 1.45% |
| Roseville | 2.60% | 1.29% | 1.27% | 1.42% | 1.44% |
| Sheridan | 8.94% | 2.32% | 1.46% | 1.30% | 1.12% |
| Tahoe City | 2.86% | 1.72% | 1.37% | 1.24% | 1.19% |
| Tahoe Vista | 3.82% | 1.72% | 1.48% | 1.28% | 1.22% |
| Tahoma | 2.45% | 1.66% | 1.36% | 1.21% | 1.16% |
| Truckee | 4.22% | 2.30% | 1.66% | 1.38% | 1.18% |
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Real Estate Values in Placer County
The median home price in Placer County, California has increased by 13.19% from October 2022 to October 2023, from $655.0K to $742.0K. This is indicative of a strong housing market in the area. At the same time, the home inventory in Placer County has decreased from 1.5K in October 2022 to 1.0K in October 2023, indicating a decrease in available housing and a tightening of the market.
Average Home Value in Placer County, California
Last updated: November 2023
Percent Change in Total Home Sales in Placer County
Last updated: November 2023
Percent Change in New Home Listings in Placer County
Last updated: November 2023
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Mortgage Rates in Placer County
Placer County is home to a large number of outstanding home mortgages, totaling $29.1 billion. This represents a significant portion of the total home value in the county, with 91.7 thousand outstanding loans. The median mortgage rate in Placer County varies across cities, with Applegate having the highest rate of 4.5%, while Sheridan has the lowest rate of 4.5%. This variation in rates across cities provides homeowners with the opportunity to find the best rate for their needs.
Overall, Placer County is a great place to purchase a home, with a wide variety of mortgage options available. Homeowners can take advantage of the competitive rates and find the best deal for their needs. With the total outstanding loan amount of $29.1 billion, Placer County is a great place to invest in a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Placer County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine Meadows | $72,131 | $168,154 | $311,701 | $489,686 | $787,088 |
| Alta | $33,517 | $81,482 | $185,933 | $277,031 | $386,579 |
| Applegate | $32,843 | $96,752 | $197,124 | $320,087 | $426,347 |
| Auburn | $48,624 | $112,607 | $226,110 | $359,654 | $493,142 |
| Carnelian Bay | $50,200 | $144,981 | $289,998 | $471,701 | $751,188 |
| Colfax | $44,802 | $102,564 | $208,511 | $311,966 | $439,467 |
| Foresthill | $50,774 | $119,186 | $225,959 | $338,340 | $438,785 |
| Granite Bay | $65,260 | $163,272 | $339,014 | $537,569 | $794,379 |
| Homewood | $48,262 | $131,382 | $311,781 | $478,084 | $831,854 |
| Kings Beach | $41,323 | $112,731 | $213,773 | $359,738 | $531,609 |
| Lincoln | $84,374 | $148,648 | $244,927 | $371,761 | $490,186 |
| Loomis | $56,528 | $142,964 | $285,878 | $457,843 | $691,598 |
| Meadow Vista | $58,943 | $141,288 | $277,619 | $418,231 | $573,500 |
| Newcastle | $59,473 | $146,362 | $307,778 | $449,836 | $638,400 |
| Norden | $61,712 | $137,628 | $280,837 | $432,114 | $626,827 |
| Olympic Valley | $96,740 | $177,504 | $309,283 | $516,475 | $931,805 |
| Penryn | $65,000 | $164,155 | $310,689 | $465,951 | $607,723 |
| Rocklin | $72,973 | $147,544 | $279,651 | $407,346 | $524,794 |
| Roseville | $73,042 | $145,808 | $256,426 | $375,701 | $478,439 |
| Sheridan | $32,216 | $64,974 | $159,889 | $286,399 | $405,309 |
| Tahoe City | $57,459 | $151,394 | $289,319 | $480,542 | $757,253 |
| Tahoe Vista | $41,520 | $124,008 | $251,576 | $411,776 | $582,907 |
| Tahoma | $43,962 | $138,810 | $270,734 | $484,128 | $966,264 |
| Truckee | $101,641 | $230,823 | $417,162 | $914,760 | $1,874,198 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Placer County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpine Meadows | 2.89% | 3.50% | 4.31% | 5.98% | 7.11% |
| Alta | 3.02% | 3.48% | 4.18% | 5.87% | 7.21% |
| Applegate | 3.10% | 3.70% | 4.50% | 6.28% | 7.67% |
| Auburn | 2.96% | 3.60% | 4.30% | 6.12% | 7.30% |
| Carnelian Bay | 2.90% | 3.45% | 4.18% | 6.28% | 7.25% |
| Colfax | 2.90% | 3.57% | 4.30% | 6.00% | 7.25% |
| Foresthill | 2.90% | 3.47% | 4.12% | 5.72% | 7.18% |
| Granite Bay | 3.00% | 3.65% | 4.42% | 6.50% | 7.58% |
| Homewood | 3.01% | 3.60% | 4.25% | 6.49% | 7.75% |
| Kings Beach | 2.90% | 3.60% | 4.40% | 6.25% | 7.61% |
| Lincoln | 2.90% | 3.55% | 4.20% | 5.63% | 6.67% |
| Loomis | 2.90% | 3.56% | 4.25% | 6.11% | 7.43% |
| Meadow Vista | 2.90% | 3.51% | 4.25% | 6.00% | 7.38% |
| Newcastle | 3.00% | 3.64% | 4.26% | 6.24% | 7.68% |
| Norden | 3.01% | 3.62% | 4.34% | 6.10% | 7.65% |
| Olympic Valley | 2.90% | 3.50% | 4.49% | 6.12% | 7.11% |
| Penryn | 3.00% | 3.64% | 4.30% | 6.04% | 7.42% |
| Rocklin | 2.96% | 3.60% | 4.25% | 5.81% | 7.10% |
| Roseville | 3.00% | 3.59% | 4.20% | 5.75% | 7.00% |
| Sheridan | 3.00% | 3.69% | 4.50% | 6.33% | 7.53% |
| Tahoe City | 2.90% | 3.56% | 4.43% | 6.50% | 7.62% |
| Tahoe Vista | 2.90% | 3.60% | 4.40% | 6.37% | 7.66% |
| Tahoma | 2.88% | 3.54% | 4.10% | 6.08% | 7.39% |
| Truckee | 2.80% | 3.12% | 3.90% | 5.31% | 6.99% |
Housing Expenses in Placer County, California
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