Lancaster, Kern County, California Property Taxes

Local government entities in California set property tax rates, which can vary significantly across the state. Each year, Kern County, where Lancaster is located, estimates its budgetary needs for public services. This budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. This process, while involving votes and legislation, essentially determines the annual property tax rate.

Lancaster's effective property tax rate can be compared to other cities in California as well as the state and national medians. California's median property tax rate is higher than the national median of 1.02%, which influences how much homeowners in Lancaster might pay compared to the rest of the country. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By appealing property tax assessments or seeking exemptions, residents can potentially reduce their property tax burden. This strategic approach can lead to significant savings, making it a worthwhile consideration for homeowners in Lancaster.

In Lancaster, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Kern County Assessor. Unlike the market value, the assessed value is typically a fraction of the actual market price. Property taxes in Lancaster are influenced by the local tax rate, which is applied to the assessed value. The median home price in Lancaster is $102,986, leading to a tax bill that varies significantly among homeowners. For instance, those in the 25th percentile pay about $1,059, while those in the 75th percentile pay around $2,194. These figures highlight the variability in tax bills, which can be burdensome for many homeowners.

Ownwell offers a solution to alleviate this financial strain by providing property tax appeal and exemption services. By reviewing your property’s assessment, Ownwell can identify discrepancies and ensure that you are not overpaying. This service can lead to substantial savings, allowing homeowners to reduce their tax bills and better manage their finances.