Lost Hills, California Property Taxes
The median property tax rate in Lost Hills, CA is 1.49%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Lost Hills at $92,723, the typical annual property tax bill reaches $1,349, exceeding the national median of $2,690. Property taxes in Lost Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lost Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lost Hills or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lost Hills, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,382
$1,305
Ownwell’s Lost Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lost Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lost Hills 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 Lost Hills, California
Property taxes in Lost Hills, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lost Hills is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lost Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lost Hills 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 Lost Hills' effective property tax rate to other counties in California and the national median. For comparison, the 93249 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Lost Hills provides valuable insights into the varying tax landscape across Kern County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lost Hills Tax Rate
1.49%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lost Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93249 | 0.31% | 1.10% | 1.49% | 1.77% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Lost Hills, California
In Lost Hills, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Kern 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 Lost Hills, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Lost Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in Lost Hills are both $1,349, found in the zip code 93249. This information helps residents understand the range of property tax bills in their area.
Average Lost Hills Assessed Value
$92,723
Average Kern County Assessed Value
$197,658
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lost Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93249 | $7,500 | $32,254 | $92,723 | $164,172 | $216,573 |
Source: Ownwell
Property Tax Bills Across Lost Hills, California
In Lost Hills, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Kern County Assessor's Office. The assessed value is generally a percentage of the market value of the property. Homeowners in Lost Hills can expect their tax bills to vary significantly depending on the value of their property. For instance, the 25th percentile tax bill is approximately $570, while the 75th percentile tax bill reaches around $1,756. At the higher end, the 90th percentile tax bill can be as much as $2,586. The median home price in Lost Hills is $92,723, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, the property taxes in Lost Hills might appear more favorable, but they still represent a substantial annual expense for homeowners. Understanding these factors is crucial for homeowners to budget effectively and anticipate their yearly financial obligations.
Average Lost Hills Tax Bill
$1,349
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lost Hills, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93249 | $61 | $570 | $1,349 | $1,756 | $2,586 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Kern Tax Assessor | |
| Website | www.kerncounty.com |