Houma, California Property Taxes
The median property tax rate in Houma, CA is 0.63%, which is notably lower than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $346,800 in Houma, the typical annual property tax bill amounts to $2,176, falling below the national median of $2,690. Property taxes in Houma are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houma'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 Houma 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
Houma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,185
$2,064
Ownwell’s Houma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houma 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 Houma, California
Property taxes in Houma, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houma is 0.63%, lower than the U.S. national median of 0.99%. Local government entities within Houma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houma 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 Houma's effective property tax rate to other counties in California and the national median. For comparison, the zip code 70364 has the highest median property tax rate of 0.63%, while the same zip code 70364 also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Houma provides valuable insights into the varying tax landscape across Siskiyou County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houma Tax Rate
0.63%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70364 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Houma, California
In Houma, 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 Siskiyou 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. In Houma, 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 Houma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 70364, with a median tax bill of $2,176, which is above the national median property tax rate of 0.99%.
Average Houma Assessed Value
$346,800
Average Siskiyou County Assessed Value
$148,062
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70364 | $346,800 | $346,800 | $346,800 | $346,800 | $346,800 |
Source: Ownwell
Property Tax Bills Across Houma, California
Property tax bills in Houma, Siskiyou County, CA, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically reflects the market value of the home. For example, with a median home price of $346,800 in Houma, homeowners can expect their property tax bills to be influenced by this valuation. The tax rate is applied to the assessed value to determine the annual tax bill. In Houma, the median property tax bill is $2,176, which is significantly higher than the national median property tax rate of 0.99%. This tax bill is consistent across different percentiles, indicating a uniform application of tax rates within the area. Factors such as property improvements, neighborhood developments, and changes in market conditions can affect the assessed value and, consequently, the tax bill. Homeowners in Houma should be prepared for these fluctuations, as they can impact their annual financial obligations.
Average Houma Tax Bill
$2,176
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Houma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70364 | $2,176 | $2,176 | $2,176 | $2,176 | $2,176 |
Source: Ownwell