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Lake Hughes, California Property Taxes

The median property tax rate in Lake Hughes, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Lake Hughes, the typical annual property tax bill reaches $2,856, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Hughes'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 Lake Hughes 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

Lake Hughes, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$2,755

$2,602

SAVE WITH OWNWELL

$1,148

Average Lake Hughes, California Tax Savings

Ownwell’s Lake Hughes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Hughes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Hughes to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Lake Hughes. 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 Lake Hughes, California

Property taxes in Lake Hughes, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Hughes is 1.20%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lake Hughes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Hughes 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 Lake Hughes' effective property tax rate to other counties in California and the national median. For comparison, the 93532 zip code has the highest median property tax rate of 1.20%, while the same 93532 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Lake Hughes provides valuable insights into the varying tax landscape across Los Angeles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Lake Hughes, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Lake Hughes Tax Rate

1.20%

Average Los Angeles County Tax Rate

1.24%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Lake Hughes, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
935321.15%1.17%1.20%1.28%1.89%

Source: Ownwell

Property Tax Assessment Values Across Lake Hughes, California

In Lake Hughes, 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 Los Angeles 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. 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. For instance, the zip code 93532 in Lake Hughes has the highest median tax bill at $2,856. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Lake Hughes, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Lake Hughes Assessed Value

$229,570

Average Los Angeles County Assessed Value

$434,238

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Lake Hughes, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
93532$85,273$152,510$229,570$321,657$411,279

Source: Ownwell

Property Tax Bills Across Lake Hughes, California

In Lake Hughes, Los Angeles County, property tax bills are calculated based on the assessed value of a home, which is typically determined by the county assessor. The median home price in Lake Hughes is $229,570. Property tax rates in this area are influenced by local tax levies and voter-approved measures. Homeowners in Lake Hughes can expect to pay a median property tax bill of $2,856, which is higher than the national median property tax rate of 0.99%. Several factors affect the tax bill, including property value assessments, local tax rates, and any applicable exemptions. For instance, the 25th percentile tax bill is $2,011, while the 75th percentile reaches $3,735, and the 90th percentile can go up to $4,716. Ownwell can help homeowners in Lake Hughes save on their property tax bills by providing expert property tax appeal services. By reviewing and challenging inaccurate property assessments, Ownwell ensures homeowners are not overpaying. This can lead to significant savings and peace of mind for property owners.

Property Tax Bills Across Lake Hughes, California

Source: Ownwell

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$823

$26,956

$53,089

Average Lake Hughes Tax Bill

$2,856

Average Los Angeles County Tax Bill

$5,343

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Lake Hughes, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
93532$1,309$2,011$2,856$3,735$4,716

Source: Ownwell

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