China Lake, California Property Taxes
The median property tax rate in China Lake, CA is 1.29%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in China Lake, the typical annual property tax bill reaches $986, which is below the national median of $2,690. Property taxes in China Lake are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding China Lake'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 China Lake or another part of Kern County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
China Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$987
$916
Ownwell’s China Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in China Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in China Lake 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 China Lake, California
Property taxes in China Lake, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in China Lake is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within China Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, China Lake 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 China Lake's effective property tax rate to other regions in California and the national median. For comparison, the 93555 zip code has the highest median property tax rate of 1.29%, while also having the lowest median tax rate of 1.29%. Understanding how these areas compare with China Lake provides valuable insights into the varying tax landscape across Kern County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average China Lake Tax Rate
1.29%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across China Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across China Lake, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in China Lake, California. The market value represents 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 Kern 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 China Lake, 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 China Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $986, found in zip code 93555.
Average China Lake Assessed Value
$76,506
Average Kern County Assessed Value
$197,658
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across China Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | $76,506 | $76,506 | $76,506 | $76,506 | $76,506 |
Source: Ownwell
Property Tax Bills Across China Lake, California
In China Lake, located in Kern County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value typically starts with the purchase price of the property and can be adjusted annually based on factors like market conditions and improvements made to the home. The tax rate, applied to this assessed value, determines the annual property tax bill. Homeowners in China Lake face a median property tax bill of $986, significantly lower than the national median property tax rate of 0.99%. The tax bills in this area remain consistent, with the 25th, 75th, and 90th percentiles all reporting the same amount of $986. This consistency suggests a stable property tax environment for residents. For homeowners, understanding how their tax bill is calculated can help in financial planning and anticipating annual expenses. The relatively low and stable property tax rates in China Lake can be a financial advantage, making homeownership more affordable compared to other regions.
Average China Lake Tax Bill
$986
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across China Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | $986 | $986 | $986 | $986 | $986 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Kern Tax Assessor | |
| Website | www.kerncounty.com |