Hornbrook, California Property Taxes
The median property tax rate in Hornbrook, CA is 1.03%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $106,910, the typical annual property tax bill in Hornbrook is $1,060, which is below the national median of $2,690. Property taxes in Hornbrook 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 Hornbrook'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 Hornbrook or another part of Siskiyou County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hornbrook, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,101
$1,040
Ownwell’s Hornbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hornbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hornbrook 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 Hornbrook, California
Property taxes in Hornbrook, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hornbrook is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Hornbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hornbrook 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 Hornbrook's effective property tax rate to other areas in Siskiyou County and the national median. For comparison, the 96044 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these areas compare with Hornbrook 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 Hornbrook Tax Rate
1.03%
Average Siskiyou County Tax Rate
1.04%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hornbrook, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96044 | 0.99% | 1.02% | 1.03% | 1.08% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Hornbrook, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hornbrook, CA. 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 Hornbrook, 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. The median home price in Hornbrook is $106,910, with the 25th percentile tax bill at $602 and the 75th percentile at $2,024. The highest and lowest median tax bills are both $1,060 in zip code 96044. Being aware of these valuation processes in Hornbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hornbrook Assessed Value
$106,910
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 Hornbrook, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96044 | $34,536 | $60,834 | $106,910 | $199,806 | $267,500 |
Source: Ownwell
Property Tax Bills Across Hornbrook, California
In Hornbrook, located in Siskiyou County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, and in California, Proposition 13 limits the annual increase in assessed value to 2%, unless there is a change in ownership or new construction. Once the assessed value is established, the property tax rate is applied. The median property tax rate in Siskiyou County is 0.99%, aligning with the national median. For a median home price of $106,910 in Hornbrook, this translates to an annual tax bill of approximately $1,060. However, tax bills can vary significantly. For example, homeowners at the 25th percentile pay around $602, while those at the 75th percentile face taxes of about $2,024, and the 90th percentile sees bills as high as $2,683. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Hornbrook residents.
Average Hornbrook Tax Bill
$1,060
Average Siskiyou County Tax Bill
$1,470
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Hornbrook, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96044 | $342 | $602 | $1,060 | $2,024 | $2,683 |
Source: Ownwell