Lemoore, California Property Taxes
The median property tax rate in Lemoore, CA is 1.11%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Lemoore at $235,174, the typical annual property tax bill reaches $2,509, which is below the national median of $2,690. Property taxes in Lemoore are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Lemoore's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lemoore or another part of Kings County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lemoore, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,610
$2,465
Ownwell’s Lemoore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lemoore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lemoore 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 Lemoore, California
Property taxes in Lemoore, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lemoore is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Lemoore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lemoore 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 Lemoore's effective property tax rate to other counties in California and the national median. For comparison, the 93245 zip code has the highest median property tax rate of 1.11%, while the 93245 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Lemoore provides valuable insights into the varying tax landscape across Kings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lemoore Tax Rate
1.11%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lemoore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93245 | 1.01% | 1.07% | 1.11% | 1.13% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Lemoore, California
In Lemoore, 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 Kings County Assessor's Office 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 Lemoore, 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 Lemoore is $235,174, with annual tax bills ranging from $1,671 at the 25th percentile to $4,306 at the 90th percentile. The zip code 93245 has the highest and lowest median tax bill at $2,509. 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 Lemoore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lemoore Assessed Value
$235,174
Average Kings County Assessed Value
$196,084
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lemoore, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93245 | $107,207 | $164,955 | $235,174 | $307,402 | $375,712 |
Source: Ownwell
Property Tax Bills Across Lemoore, California
In Lemoore, located in Kings County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Kings County Assessor's Office. The assessed value is typically a percentage of the home's market value. Homeowners in Lemoore can expect their property tax bills to vary significantly depending on the value of their property. For instance, the median home price in Lemoore is $235,174. Property tax bills in this area range widely, with the 25th percentile at $1,671 and the 75th percentile at $3,460. For those in the 90th percentile, the tax bill can go up to $4,306. The highest median tax bill recorded in the area is $2,509, which is significantly above the national median property tax rate of 0.99%. These tax bills are influenced by various factors, including local tax rates, property assessments, and any applicable exemptions. Higher property taxes can impact homeowners by increasing their annual housing costs, but they also contribute to local services and infrastructure improvements.
Average Lemoore Tax Bill
$2,509
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lemoore, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93245 | $929 | $1,671 | $2,509 | $3,460 | $4,306 |
Source: Ownwell