Penn Valley, CA Property Tax Rate (FY 2026-27)

Penn Valley's property tax rate is 1.0458% for fiscal year 2026-27 in its primary tax rate area: the 1% Proposition 13 base plus 0.0458% in voter-approved bonds.

First-year property tax by purchase price

Under Proposition 13 the purchase price becomes the assessed value, so the first-year tax at the city rate is the price times 1.0458%. Fixed assessments come on top. Your true tax rate is the two together, the tax at the city rate plus fixed assessments, divided by the purchase price on a newly purchased home.

Estimated first-year property tax in Penn Valley, CA at 1.0458% (FY 2026-27)
Purchase price	Annual tax	Monthly
$500,000	$5,229.09	$435.76
$750,000	$7,843.64	$653.64
$1,000,000	$10,458.19	$871.52
$1,500,000	$15,687.28	$1,307.27
$2,000,000	$20,916.38	$1,743.03

Property tax calculator

Search for a city, then change the price, rate or fixed assessments to estimate a first-year bill. It uses the same math as Mortgage Blueprint's tax breakdown.

City

Home price$ City tax rate FY 2026-27% Fixed assessments estimate$/yr Primary residence ($7,000 homeowners' exemption)

Fixed assessments are the Mello-Roos, parcel taxes and special assessments on the property's tax bill. We start with an estimate of $1,500 a year. They vary by parcel, so check the actual bill.

Look up your Nevada County tax bill

Annual property tax$11,884.98$990.42 a month

True tax rate1.188%the rate you really pay

Your true tax rate counts the whole bill, not just the city rate. On a newly purchased home: ($10,384.98 at the city rate + $1,500.00 in fixed assessments) ÷ $1,000,000 purchase price.

How that adds up
Home exemption	-$7,000
Taxable value	$993,000
Tax at the city rate	$10,384.98
Fixed assessments	$1,500.00
Annual property tax	$11,884.98

What this rate leaves out

This is the rate for Penn Valley's primary tax rate area. Other tax rate areas in the same city can have a different rate.
Mello-Roos (Community Facilities District) taxes, flat parcel taxes and fixed special assessments are not included. Check the property's tax bill.
Buyers get a supplemental tax bill after purchase for the change in assessed value.
Under Proposition 13, the assessed value can rise by at most 2% a year while you own the home.

Look up a tax bill

Look up your Nevada County property tax bill on the Nevada County Treasurer-Tax Collector site. Nevada County property tax rates and due dates.

Loan limits

Penn Valley is in Nevada County, where the 2026 conforming loan limit for a one-unit home is $832,750. Nevada County loan limits.

Other cities in Nevada County

Property tax rates, Nevada County (FY 2026-27)
City or community	Tax rate (FY 2026-27)
Grass Valley	1.0662%
Nevada City	1.0458%
North San Juan	1.0699%
Rough and Ready	1.0458%
Soda Springs	1.0501%
Truckee	1.0501%
Washington	1.0699%

Source

Rate from County of Nevada Multi-Year Tax Rates, Tax Year 2026 (Multi-Year Tax Rates 26-27, run 9/14/2026). All California city rates.

See Penn Valley's taxes in your payment in Mortgage Blueprint