Live Oak, California Property Taxes
The median property tax rate in Live Oak, CA is 1.31%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Live Oak at $201,283, the typical annual property tax bill reaches $2,763, just below the national median of $2,690. Property taxes in Live Oak are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Live Oak'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 Live Oak 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
Live Oak, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,637
$2,491
Ownwell’s LIVE OAK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LIVE OAK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LIVE OAK 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 Live Oak, California
Property taxes in Live Oak, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Live Oak is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Live Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Live Oak 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 Live Oak's effective property tax rate to other regions and the national median. For comparison, the zip code 95953 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these figures compare with Live Oak provides valuable insights into the varying tax landscape across Sutter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Live Oak Tax Rate
1.31%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Live Oak, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95953 | 1.18% | 1.21% | 1.31% | 1.45% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Live Oak, California
In Live Oak, 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 Sutter County Assessor's Office 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 Live Oak, 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 Live Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 95953, at $2,763, which is significantly above the national median property tax rate of 0.99%.
Average Live Oak Assessed Value
$201,283
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Live Oak, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95953 | $64,756 | $115,211 | $201,283 | $315,890 | $423,300 |
Source: Ownwell
Property Tax Bills Across Live Oak, California
In Live Oak, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the county assessor. The assessed value is often a percentage of the property's market value. Factors such as property improvements, location, and market conditions can influence this assessed value. For homeowners in Live Oak, the median home price is $201,283, which plays a significant role in determining their property tax bills. The property tax rate in Live Oak is applied to the assessed value to calculate the annual tax bill. For example, a property with an assessed value matching the median home price might see a tax bill around the 25th percentile at $1,461. However, this can range significantly, with the 75th percentile reaching $4,305 and the 90th percentile hitting $5,662. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Comparatively, the national median property tax rate is 0.99%, making Live Oak's rates competitive within the broader context.
Average Live Oak Tax Bill
$2,763
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Live Oak, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95953 | $894 | $1,461 | $2,763 | $4,305 | $5,662 |
Source: Ownwell