95954 Property Tax Rate

Property owners in ZIP code 95954 (Magalia, California) pay a median of $1,659/year in property taxes on homes valued at $268,200. This translates to an effective tax rate of 0.62%, which is 11% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 95954 is approximately $138, which factors into escrow payments on mortgages. This ZIP code is located within Butte County. This is $3,241 less than the California average of $4,900/year.

Compared to similar ZIP codes in California, 95954 has higher property taxes. ZIP codes with similar effective rates include 92123 (0.62%) and 92410 (0.62%).

In Magalia, property taxes represent approximately 2.7% of the median household income of $61,808, 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. Butte County offers a Homeowners' Exemption that reduces your assessed value by a set amount — file with the Butte County Assessor's office within 30 days of closing to claim it. Contact the Butte County Assessor at (530) 538-7881 to confirm the current exemption amount and verify your base year value.