Frenchman Lake, California Property Taxes
The median property tax rate in Frenchman Lake, CA is 0.98%, slightly below both the national median of 0.99% and the California state median of 1.21%. With a median home value of $136,403 in Frenchman Lake, the typical annual property tax bill amounts to $1,337, which is lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a clear understanding of Frenchman Lake's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're in the heart of Frenchman Lake or another part of Plumas County, familiarizing yourself with the local property tax system will be beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Frenchman Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,337
$1,262
Ownwell’s Frenchman Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frenchman Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frenchman Lake 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 Frenchman Lake, California
Property taxes in Frenchman Lake, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frenchman Lake is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Frenchman Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frenchman Lake 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 Frenchman Lake's effective property tax rate to other areas in California and the national median. For comparison, the highest median property tax rate in the region is in ZIP code 94114 with a rate of 1.2%, while the lowest median tax rate is in ZIP code 93512 with a rate of 0.65%. Understanding how these areas compare with Frenchman Lake provides valuable insights into the varying tax landscape across Plumas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frenchman Lake Tax Rate
0.98%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frenchman Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Frenchman Lake, California
In Frenchman Lake, 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 Plumas 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 Frenchman Lake, 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. It's essential to understand these valuation concepts to better navigate tax responsibilities and comprehend how property taxes are determined. For example, in Frenchman Lake, the 25th percentile tax bill is $576, while the 75th percentile tax bill is $2,492. By being aware of these processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Frenchman Lake, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Frenchman Lake Assessed Value
$136,403
Average Plumas County Assessed Value
$216,793
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frenchman Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Frenchman Lake, California
In Frenchman Lake, property tax bills are calculated based on the assessed value of your home, which is determined by the Plumas County Assessor's Office. The assessment considers factors such as the property's market value, improvements made, and comparable sales in the area. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. The median home price in Frenchman Lake is $136,403, and property taxes can vary significantly. Homeowners in the 25th percentile typically see tax bills around $576, while those in the 75th percentile might pay approximately $2,492. For properties in the 90th percentile, tax bills can reach up to $3,967. These taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Frenchman Lake's rates can be relatively high, making it crucial for homeowners to understand their assessments and explore potential exemptions to manage their tax liabilities effectively.
Average Frenchman Lake Tax Bill
$1,337
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Frenchman Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell