Lakehead, California Property Taxes
The median property tax rate in Lakehead, CA is 1.10%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Lakehead at $187,272, the typical annual property tax bill is approximately $1,917, which is below the national median of $2,690. Property taxes in Lakehead are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Lakehead’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Lakehead or investing in real estate here, a deep dive into the local property tax system can offer significant financial benefits.
Last Updated June 14, 2024
Lakehead, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,060
$1,945
Ownwell’s Lakehead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakehead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakehead 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 Lakehead, California
Property taxes in Lakehead, California, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Lakehead is 1.10%, which is above both the California state median and the U.S. national median of 0.99%. Local government entities within Lakehead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakehead 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 Lakehead's effective property tax rate to other counties in California and the national median. For comparison, the 96051 zip code has the highest median property tax rate of 1.10%, while the 96051 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Lakehead provides valuable insights into the varying tax landscape across Shasta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakehead Tax Rate
1.10%
Average Shasta County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakehead, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96051 | 1.06% | 1.08% | 1.10% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Lakehead, California
In Lakehead, 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 Shasta 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 Lakehead, 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 Lakehead 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 96051, both at $1,917, reflecting a consistent tax landscape across the area.
Property Tax Assessment Values Across Lakehead, California
Source: Ownwell
$52,608
$2,032,295
$4,011,982
Average Lakehead Assessed Value
$187,272
Average Shasta County Assessed Value
$225,497
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakehead, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96051 | $42,086 | $91,541 | $187,272 | $317,776 | $460,000 |
Source: Ownwell
Property Tax Bills Across Lakehead, California
In Lakehead, Shasta County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically starts with the market value of the property at the time of purchase and may be adjusted annually for inflation, capped at a maximum increase of 2% per year under California's Proposition 13. The tax rate is then applied to this assessed value to determine the annual tax bill. For a median home price of $187,272 in Lakehead, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $899, while at the 75th percentile, it rises to approximately $3,399. The 90th percentile tax bill can be as high as $4,927. Compared to the national median property tax rate of 0.99%, the tax rates in Lakehead reflect the unique property values and local tax policies, significantly impacting homeowners' annual financial obligations.
Average Lakehead Tax Bill
$1,917
Average Shasta County Tax Bill
$2,421
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakehead, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96051 | $383 | $899 | $1,917 | $3,399 | $4,927 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Shasta Tax Assessor | |
| Website | common2.mptsweb.com |