Lake Davis, California Property Taxes
The median property tax rate in Lake Davis, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Lake Davis at $145,866, the typical annual property tax bill amounts to $1,564, which is below the national median of $2,690. Property taxes in Lake Davis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lake Davis'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 Davis 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 Davis, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,575
$1,488
Ownwell’s Lake Davis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Davis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Davis 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 Plumas County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lake Davis, California
Property taxes in Lake Davis, 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 Davis is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lake Davis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Davis 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 Davis's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the county is 1.08%, while the lowest median tax rate is also 1.08%. Understanding how these cities compare with Lake Davis 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 Lake Davis Tax Rate
1.08%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Lake Davis, California
In Lake Davis, 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 Lake Davis, 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 Lake Davis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, tax bills in the area range widely, with the 25th percentile at $1,189 and the 90th percentile reaching $4,035.
Average Lake Davis Assessed Value
$145,866
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 Lake Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Lake Davis, California
In Lake Davis, Plumas County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Lake Davis can expect their tax bills to vary significantly, influenced by factors such as property size, location, and improvements. For a median home price of $145,866, property taxes can range widely. For instance, the tax bill at the 25th percentile is $1,189, while at the 75th percentile, it is $2,200. At the 90th percentile, it can go up to $4,035. These figures highlight the variability in property tax bills within the region. Comparatively, the national median property tax rate stands at 0.99%, which can help homeowners understand where they stand relative to the broader market. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.
Average Lake Davis Tax Bill
$1,564
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Davis, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell