Clearlake Oaks, California Property Taxes
The median property tax rate in Clearlake Oaks, CA is 1.18%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Clearlake Oaks at $172,390, the typical annual property tax bill is $1,995, which is lower than the national median of $2,690. Property taxes in Clearlake Oaks are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Clearlake Oaks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clearlake Oaks 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
Clearlake Oaks, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$2,034
$1,921
Ownwell’s Clearlake Oaks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearlake Oaks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearlake Oaks 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 Clearlake Oaks, California
Property taxes in Clearlake Oaks, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearlake Oaks is 1.18%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Clearlake Oaks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearlake Oaks 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 Clearlake Oaks' effective property tax rate to other areas in California and the national median. For comparison, the 95423 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Clearlake Oaks provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearlake Oaks Tax Rate
1.18%
Average Lake County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearlake Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95423 | 1.13% | 1.14% | 1.18% | 1.21% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Clearlake Oaks, California
In Clearlake Oaks, 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 Lake 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 Clearlake Oaks, 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 Clearlake Oaks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 95423, with a median tax bill of $1,995.
Property Tax Assessment Values Across Clearlake Oaks, California
Source: Ownwell
$26,402
$160,953
$295,503
Average Clearlake Oaks Assessed Value
$172,390
Average Lake County Assessed Value
$206,366
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearlake Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95423 | $47,240 | $97,015 | $172,390 | $253,932 | $332,724 |
Source: Ownwell
Property Tax Bills Across Clearlake Oaks, California
In Clearlake Oaks, located in Lake County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Clearlake Oaks is $172,390. Property taxes are then levied on this assessed value, with the tax rate set by local authorities. Homeowners in Clearlake Oaks can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,138, while the 75th percentile tax bill reaches $2,935, and the 90th percentile tax bill goes up to $3,876. These variations are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Clearlake Oaks homeowners may find their tax bills to be relatively moderate. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan their finances accordingly.
Average Clearlake Oaks Tax Bill
$1,995
Average Lake County Tax Bill
$2,425
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearlake Oaks, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95423 | $570 | $1,138 | $1,995 | $2,935 | $3,876 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Lake Tax Assessor | |
| Website | common2.mptsweb.com |