95946 Property Tax Rate

Property owners in ZIP code 95946 (Penn Valley, California) pay a median of $4,748/year in property taxes on homes valued at $534,400. This translates to an effective tax rate of 0.89%, which is 28% above the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 95946 is approximately $396, which factors into escrow payments on mortgages. This ZIP code is located within Nevada County.

Compared to similar ZIP codes in California, 95946 has lower property taxes. ZIP codes with similar effective rates include 93513 (0.89%) and 92342 (0.89%).

In Penn Valley, property taxes represent approximately 5.6% of the median household income of $84,700, 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.