Lamont, California Property Taxes
The median property tax rate in Lamont, CA is 1.61%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Lamont at $100,245, the typical annual property tax bill reaches $1,635, which is below the national median of $2,690. Property taxes in Lamont 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 Lamont'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 Lamont 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
Lamont, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,614
$1,524
Ownwell’s Lamont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lamont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lamont 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 Lamont, California
Property taxes in Lamont, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lamont is 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lamont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lamont 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 Lamont's effective property tax rate to other counties in California and the national median. For comparison, the 93241 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Lamont 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 Lamont Tax Rate
1.61%
Average Kern County Tax Rate
1.42%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamont, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93241 | 1.30% | 1.46% | 1.61% | 1.98% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Lamont, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lamont, 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 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 Lamont, 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 Lamont is $100,245, and the median tax bill can range from $1,159 at the 25th percentile to $2,588 at the 90th percentile. The zip code with the highest and lowest median tax bill is 93241, with a tax bill of $1,635. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lamont Assessed Value
$100,245
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 Lamont, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93241 | $28,934 | $59,302 | $100,245 | $135,587 | $189,542 |
Source: Ownwell
Property Tax Bills Across Lamont, California
In Lamont, located in Kern County, CA, property tax bills are calculated based on the assessed value of the property, which is typically determined by the market value at the time of purchase. The property tax rate in this region is then applied to the assessed value to calculate the annual tax bill. For example, with a median home price of $100,245, homeowners can expect a tax bill ranging from $1,159 at the 25th percentile to $2,588 at the 90th percentile. The median tax bill in Lamont stands at $1,635, which is higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property improvements, local tax levies, and any applicable exemptions or deductions. Homeowners in Lamont should be aware of these variables as they can significantly impact the overall tax burden. Understanding these factors can help homeowners plan better financially and potentially take advantage of any available tax relief programs.
Average Lamont Tax Bill
$1,635
Average Kern County Tax Bill
$2,768
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamont, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93241 | $795 | $1,159 | $1,635 | $2,054 | $2,588 |
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 |