Penn Valley, Nevada County, California Property Taxes

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Property Taxes in Penn Valley, California

Median Penn Valley, California effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, and higher than the California state median of 1.21%.
Median Penn Valley, California home value: $414,198
Median annual Penn Valley, California tax bill: $5,503, $3,103 higher than the national median property tax bill of $2,400.

How are property taxes in Nevada calculated?

Property taxes in Penn Valley, California are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Penn Valley's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penn Valley, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Penn Valley, Nevada County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$5,550

$5,150

How Does the Penn Valley Property Tax Calculator Work?

Use this Penn Valley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Penn Valley's median effective tax rate of 1.34% — based on actual property records in Nevada County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Penn Valley's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Penn Valley: rates range from 1.34% in 95946 to 1.34% in 95946, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Penn Valley.

About Penn Valley Property Taxes

About Property Taxes in Penn Valley, Nevada, California

Penn Valley’s median effective property tax rate of 1.34% is higher than the California state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Nevada County base levy combined with local school district levies and Mello-Roos Community Facility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Penn Valley. Homeowners in the 95946 ZIP code carry a median effective rate of 1.34%, while those in the same ZIP also pay 1.34%. This reflects how school district boundaries and local assessment districts are drawn across Nevada County. Understanding which part of Penn Valley you live in can make a meaningful difference to your annual tax bill.

Penn Valley homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the November 30, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Penn Valley, Nevada County, California

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Penn Valley's effective property tax rate to other cities in California and the median property tax rates in California and the U.S.

Property Tax Rates Across Penn Valley, Nevada County, California

Source: Ownwell

1.08%

1.24%

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Penn Valley Tax Rate

1.34%

Median Effective Nevada County Tax Rate

1.13%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Penn Valley, Nevada County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
95946	1.06%	1.11%	1.34%	1.50%	1.69%

Source: Ownwell

Property Tax Assessment Values Across Penn Valley, Nevada County, California

When examining property taxes in Penn Valley, California, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Nevada County assessment office estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Nevada County, assessment notices are sent in August each year. They'll typically reach your mailbox by the middle of August.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Penn Valley.

For example, the median home price in Penn Valley is $414,198, with tax bills ranging significantly across the county. 95946 has the highest median home price at $414,198.

Property Tax Assessment Values Across Penn Valley, Nevada County, California

Source: Ownwell

$221,191

$424,618

$628,045

Median Penn Valley Market Value

$414,198

Median Nevada County Market Value

$432,079

Median California Market Value

$427,605

Median United States Market Value

$235,294

Property Tax Assessment Values Across Penn Valley, Nevada County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
95946	$209,332	$299,432	$414,198	$556,201	$773,948

Source: Ownwell

Property Tax Bills Across Penn Valley, Nevada County, California

Property tax bills in Penn Valley are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners in Nevada County, the median home price is $414,198, and that value helps shape the size of the annual tax bill.

Several factors can affect what a homeowner pays, including the assessed value, local tax rates, and any applicable exemptions or special assessments. In Penn Valley, the median property tax bill is $5,503, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

For many homeowners, this means property taxes can be a major part of the cost of owning a home. Bills in the area also vary widely, with the 25th percentile at $4,258 and the 75th percentile at $6,973, showing how much taxes can differ from one property to another.

Property Tax Bills Across Penn Valley, Nevada County, California

Source: Ownwell

$2,583

$5,194

$7,804

Median Penn Valley Tax Bill

$5,503

Median Nevada County Tax Bill

$5,064

Median California Tax Bill

$5,134

Median United States Tax Bill

$2,400

Property Tax Bills Across Penn Valley, Nevada County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
95946	$2,939	$4,258	$5,503	$6,973	$8,925

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	November 30

Links
Nevada Tax Assessor
Website	common2.mptsweb.com

Frequently Asked Property Tax Questions in Penn Valley, California

How are property taxes calculated in Penn Valley, California?

Property taxes in Penn Valley, California are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Penn Valley, California?

To appeal your property taxes in Penn Valley, California, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Penn Valley, California?

Common property tax exemptions in Penn Valley, California include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Penn Valley, California?

Property tax deadlines in Penn Valley, California vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Penn Valley, California?

Ownwell provides professional property tax appeal services in Penn Valley, California. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.