Korbel, California Property Taxes
The median property tax rate in Korbel, CA is 1.03%, 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 Korbel at $108,673, the typical annual property tax bill reaches $1,125, which is below the national median of $2,690. Property taxes in Korbel 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 Korbel'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 Korbel or another part of Humboldt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Korbel, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,119
$1,039
Ownwell’s Korbel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Korbel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Korbel 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 Korbel, California
Property taxes in Korbel, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Korbel is 1.03%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Korbel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Korbel 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 Korbel's effective property tax rate to other areas in California and the national median. For comparison, the 95550 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Korbel provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Korbel Tax Rate
1.03%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Korbel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95550 | 0.93% | 0.99% | 1.03% | 1.04% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Korbel, California
In Korbel, 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 Humboldt 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 Korbel, 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 Korbel 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 95550, with a median tax bill of $1125.
Average Korbel Assessed Value
$108,673
Average Humboldt County Assessed Value
$227,816
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Korbel, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95550 | $30,405 | $58,238 | $108,673 | $156,198 | $277,275 |
Source: Ownwell
Property Tax Bills Across Korbel, California
In Korbel, located in Humboldt County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is often a percentage of the home's market value. The median home price in Korbel is $108,673. Property tax rates in Humboldt County are applied to this assessed value to determine the annual tax bill. For homeowners in Korbel, property tax bills can vary significantly. The 25th percentile tax bill is around $572, indicating that some homeowners pay relatively low taxes. Conversely, those in the 75th percentile face tax bills of about $1,596, and the 90th percentile tax bill can reach up to $2,855. These figures show how property tax obligations can differ based on individual property assessments and valuations. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax burdens. Understanding these factors helps homeowners in Korbel plan their finances and anticipate their annual property tax responsibilities.
Average Korbel Tax Bill
$1,125
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Korbel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95550 | $282 | $572 | $1,125 | $1,596 | $2,855 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Humboldt Tax Assessor | |
| Website | common1.mptsweb.com |