Clear Creek, California Property Taxes
The median property tax rate in Clear Creek, CA is 0.83%, which is lower than both the national median of 0.99% and the California state median of 0.81%. With the median home value in Clear Creek, the typical annual property tax bill reaches $2,490, slightly below the national median of $2,690. Property taxes in Clear Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clear Creek'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 Clear Creek 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
Clear Creek, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$479
$452
Ownwell’s CLEAR CREEK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CLEAR CREEK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CLEAR CREEK 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 Clear Creek, California
Property taxes in Clear Creek, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clear Creek is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Clear Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clear Creek 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 Clear Creek's effective property tax rate to other areas in California and the national median. For comparison, the zip code 96137 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Clear Creek provides valuable insights into the varying tax landscape across Lassen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clear Creek Tax Rate
1.00%
Average Lassen County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | 0.94% | 0.99% | 1.00% | 1.02% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Clear Creek, California
In Clear Creek, 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 Lassen County Appraisal District 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. Assessment notices in Clear Creek 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 Clear Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Clear Creek are both $415, found in the zip code 96137.
Average Clear Creek Assessed Value
$47,900
Average Lassen County Assessed Value
$145,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $11,626 | $19,606 | $47,900 | $297,098 | $944,274 |
Source: Ownwell
Property Tax Bills Across Clear Creek, California
In Clear Creek, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically determined by the county assessor and is often a percentage of the property's market value. For homeowners, this means that as the market value of their homes changes, so too can their property tax bills. Several factors influence the final tax bill, including the property's location, local tax rates, and any applicable exemptions or deductions. In Clear Creek, the median home price is $47,900, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $180, while the 75th percentile tax bill is $2,483, and the 90th percentile tax bill reaches $8,883. These variations show how property taxes can impact homeowners differently depending on their property's assessed value and the specific tax rates in their area. Compared to the national median property tax rate of 0.99%, Clear Creek's tax rates can be quite diverse, influencing the overall cost of owning a home in this region.
Average Clear Creek Tax Bill
$415
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $79 | $180 | $415 | $2,483 | $8,883 |
Source: Ownwell