Klamath, California Property Taxes
The median property tax rate in Klamath, CA is 1.06%, which is higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $82,100 in Klamath, the typical annual property tax bill amounts to $794, significantly below the national median of $2,690. Property taxes in Klamath are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Klamath's property tax system, discovering available exemptions, and finding ways to reduce your tax burden can result in substantial annual savings. Whether you reside in Klamath or another part of Del Norte County, a thorough understanding of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Klamath, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Klamath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Klamath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Klamath to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Klamath, California
Property taxes in Klamath, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Klamath is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Klamath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Klamath estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Klamath's effective property tax rate to other counties in California and the national median. For comparison, the 95548 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Klamath provides valuable insights into the varying tax landscape across Del Norte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Klamath Tax Rate
1.06%
Average Del Norte County Tax Rate
1.06%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Klamath, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95548 | 0.93% | 1.00% | 1.06% | 1.09% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Klamath, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Klamath, California. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Del Norte County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Klamath, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Klamath is $82,100, with median tax bills ranging from $382 at the 25th percentile to $2,153 at the 90th percentile. Notably, the zip code 95548 has the highest and lowest median tax bill of $794. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Klamath Assessed Value
$82,100
Average Del Norte County Assessed Value
$167,323
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Klamath, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95548 | $7,368 | $44,440 | $82,100 | $135,080 | $211,596 |
Source: Ownwell
Property Tax Bills Across Klamath, California
In Klamath, located in Del Norte County, CA, property tax bills are calculated based on the assessed value of your home. The median home price in Klamath is $82,100, which serves as a starting point for determining your tax bill. Property taxes are typically a percentage of the assessed value, and various factors such as property improvements and market conditions can influence this value. Homeowners in Klamath can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $382, while the 75th percentile tax bill can reach up to $1,357. At the 90th percentile, tax bills can be as high as $2,153. The highest median tax bill in the area is $794, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Klamath Tax Bill
$794
Average Del Norte County Tax Bill
$1,752
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Klamath, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95548 | $36 | $382 | $794 | $1,357 | $2,153 |
Source: Ownwell