Somes Bar, California Property Taxes
The median property tax rate in Somes Bar, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Somes Bar at $149,936, the typical annual property tax bill is $1,617, which is below the national median of $2,690. Property taxes in Somes Bar 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 Somes Bar'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 Somes Bar 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
Somes Bar, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,589
$1,501
Ownwell’s Somes Bar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somes Bar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somes Bar 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 Somes Bar, California
Property taxes in Somes Bar, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Somes Bar is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Somes Bar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Somes Bar 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 Somes Bar's effective property tax rate to other areas in California and the national median. For comparison, the zip code 95568 has the highest median property tax rate of 1.06%, while the lowest median tax rate is also 1.06%. Understanding how these areas compare with Somes Bar 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 Somes Bar Tax Rate
1.06%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somes Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95568 | 1.02% | 1.03% | 1.06% | 1.08% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Somes Bar, California
In Somes Bar, 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 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 Somes Bar, 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 Somes Bar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95568 has the highest median tax bill of $1,617.00 while also having the lowest median tax bill of $1,617.00.
Average Somes Bar Assessed Value
$149,936
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 Somes Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95568 | $57,604 | $90,220 | $149,936 | $220,875 | $555,368 |
Source: Ownwell
Property Tax Bills Across Somes Bar, California
In Somes Bar, located in Siskiyou County, CA, property tax bills are calculated based on the assessed value of a property, which is often determined by the property's market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, market conditions, and any applicable exemptions or deductions. For homeowners in Somes Bar, the median home price is $149,936. Property tax bills can vary significantly, with the 25th percentile tax bill at $961 and the 75th percentile tax bill reaching $2,130. At the higher end, the 90th percentile tax bill can be as much as $5,819. However, the highest and lowest median tax bills in the area are both reported at $1,617, which is above the national median property tax rate of 0.99%. These property tax obligations impact homeowners by affecting their annual budgeting and long-term financial planning.
Average Somes Bar Tax Bill
$1,617
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Somes Bar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95568 | $586 | $961 | $1,617 | $2,130 | $5,819 |
Source: Ownwell