95945 Property Tax Rate

Property owners in ZIP code 95945 (Grass Valley, California) pay a median of $3,619/year in property taxes on homes valued at $496,600. This translates to an effective tax rate of 0.73%, which is 5% above the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 95945 is approximately $302, which factors into escrow payments on mortgages. This ZIP code is located within Nevada County. This is $1,281 less than the California average of $4,900/year.

Compared to similar ZIP codes in California, 95945 has higher property taxes. ZIP codes with similar effective rates include 93035 (0.73%) and 93654 (0.73%).

In Grass Valley, property taxes represent approximately 5.9% of the median household income of $61,068, providing context for the relative tax burden on homeowners in this area.

Under California's Proposition 13, your property will be reassessed to your purchase price at closing, with taxes capped at 1% of that new base value and limited to 2% annual increases thereafter. Nevada County offers a Homeowners' Exemption that reduces your assessed value by a set amount — file with the Nevada County Assessor's office within 30 days of closing to claim it. Contact the Nevada County Assessor at (530) 265-1195 to confirm the current exemption amount and verify your base year value.