Lake Isabella, California Property Taxes
The median property tax rate in Lake Isabella, CA is 1.21%, aligning with the California state median but notably higher than the national median of 0.99%. With a median home value of $94,389 in Lake Isabella, the typical annual property tax bill amounts to $1,281, which is below the national median of $2,690. Property taxes in Lake Isabella 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 Isabella'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 Isabella or another part of Kern County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake Isabella, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,142
$1,060
Ownwell’s Lake Isabella Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Isabella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Isabella 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 Lake Isabella, California
Property taxes in Lake Isabella, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Isabella is 1.21%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lake Isabella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Isabella 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 Isabella's effective property tax rate to other counties in California and the national median. For comparison, the 93240 zip code has the highest median property tax rate of 1.21%, while the same zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Lake Isabella 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 Lake Isabella Tax Rate
1.21%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Isabella, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93240 | 1.10% | 1.15% | 1.21% | 1.37% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Lake Isabella, California
In Lake Isabella, 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 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 Lake Isabella, 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. For example, the median home price in Lake Isabella is $94,389, with tax bills ranging from $718 at the 25th percentile to $2,788 at the 90th percentile. The zip code 93240 has the highest median tax bill of $1,281, which is also the lowest median tax bill in the area. 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 Isabella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lake Isabella, California
Source: Ownwell
$11,832
$273,858
$535,884
Average Lake Isabella Assessed Value
$94,389
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 Lake Isabella, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93240 | $22,752 | $46,818 | $94,389 | $165,000 | $244,640 |
Source: Ownwell
Property Tax Bills Across Lake Isabella, California
In Lake Isabella, located in Kern County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically reflects the market value of the property. Homeowners in Lake Isabella experience a range of property tax bills, with the 25th percentile paying around $718 and the 75th percentile paying approximately $1,925 annually. The 90th percentile sees tax bills as high as $2,788. Several factors influence the tax bill, including the property's location, size, and any improvements made. The local tax rate, combined with the assessed value, determines the final amount owed. For instance, the highest median tax bill in the area is $1,281, found in the zip code 93240. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparing this to the national median property tax rate of 0.99%, Lake Isabella's property tax bills are relatively moderate, providing a balanced fiscal environment for its residents.
Average Lake Isabella Tax Bill
$1,281
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Isabella, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93240 | $381 | $718 | $1,281 | $1,925 | $2,788 |
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 |