Laton, California Property Taxes
The median property tax rate in Laton, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $241,792 in Laton, the typical annual property tax bill amounts to $2,486, which is below the national median of $2,690. Property taxes in Laton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Laton'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 Laton 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
Laton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,563
$2,378
Ownwell’s Laton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Laton with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Laton to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities. For those interested in diving deeper into neighborhood trends, more localized information is available below. Your property’s assessed value is the figure determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Laton, California
Property taxes in Laton, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laton is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Laton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laton 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 Laton's effective property tax rate to other counties in California and the national median. For comparison, the 93242 zip code has the highest median property tax rate of 1.06%, while the same zip code has the lowest median tax rate of 1.06%. Understanding how these cities compare with Laton provides valuable insights into the varying tax landscape across Kings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laton Tax Rate
1.06%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | 0.99% | 1.02% | 1.06% | 1.12% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Laton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Laton, 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 Kings County Appraisal District 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. Assessment notices in Laton 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. The median home price in Laton is $241,792, with tax bills ranging from $1,052 at the 25th percentile to $5,574 at the 90th percentile. The zip code 93242 has the highest and lowest median tax bill, both at $2,486. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Laton Assessed Value
$241,792
Average Kings County Assessed Value
$196,084
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | $64,976 | $131,146 | $241,792 | $357,946 | $529,663 |
Source: Ownwell
Property Tax Bills Across Laton, California
In Laton, located in Kings County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to calculate the annual property tax bill. The median home price in Laton is $241,792, and the property tax rate in Kings County is aligned with California's regulations. Several factors influence the property tax bill, including the property's location, the assessed value, and any applicable exemptions or reductions. Homeowners in Laton can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,052, while the 75th percentile tax bill reaches approximately $3,572, and the 90th percentile tax bill can be as high as $5,574. These property tax bills can impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Laton's tax rates reflect the local economic and regulatory environment, affecting how much homeowners ultimately pay in property taxes.
Average Laton Tax Bill
$2,486
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Laton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93242 | $488 | $1,052 | $2,486 | $3,572 | $5,574 |
Source: Ownwell