Lake County Property Taxes
The median property tax rate in Lake County is 1.19%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $206,366, the typical annual property tax bill in Lake County is approximately $2,425, which is below the national median of $2,690. Property taxes in Lake County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Lake County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Clearlake or another part of Lake County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,456
$2,319
Ownwell's Lake County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lake County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lake County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lake County, California
Property taxes in Lake County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lake County is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Lake County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lake County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Lakeside has one of the higher property tax rates in California at 1.76%, while the city of Kelseyville boasts one of the lowest at 1.10%. Analyzing how Lake County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lake County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake County, California
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearlake | 1.18% | 1.21% | 1.27% | 1.43% | 1.77% |
| Clearlake Oaks | 1.13% | 1.14% | 1.18% | 1.21% | 1.30% |
| Clearlake Park | 1.17% | 1.19% | 1.23% | 1.34% | 1.53% |
| Clearlake Pk | 1.18% | 1.21% | 1.26% | 1.41% | 1.70% |
| Cobb | 1.18% | 1.20% | 1.26% | 1.53% | 1.89% |
| Finley | 1.07% | 1.11% | 1.18% | 1.26% | 1.43% |
| Glenhaven | 1.09% | 1.09% | 1.12% | 1.15% | 1.20% |
| Hidden Valley Lake | 1.17% | 1.20% | 1.23% | 1.28% | 1.36% |
| Kelseyville | 1.06% | 1.08% | 1.10% | 1.10% | 1.12% |
| Lakeport | 1.14% | 1.16% | 1.19% | 1.25% | 1.35% |
| Lakeside | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
| Loch Lomond | 1.12% | 1.15% | 1.22% | 1.34% | 1.92% |
| Lower Lake | 1.15% | 1.17% | 1.20% | 1.29% | 1.46% |
| Lucerne | 1.09% | 1.09% | 1.12% | 1.17% | 1.36% |
| Middletown | 1.17% | 1.20% | 1.26% | 1.43% | 1.82% |
| Nice | 1.10% | 1.10% | 1.14% | 1.20% | 1.32% |
| Potter Valley | 1.11% | 1.13% | 1.15% | 1.16% | 1.19% |
| Upper Lake | 1.10% | 1.11% | 1.13% | 1.17% | 1.30% |
| Witter Springs | 1.10% | 1.10% | 1.10% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Lake County, California
In Lake County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lake County Appraisal District. The assessed value, however, 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 Lake County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Hidden Valley Lake has the highest median tax bill at $3,625, while Lakeside has the lowest at $463. Being aware of these valuation processes in Lake County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lake County Assessed Value
$206,366
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake County, California
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearlake | $33,174 | $64,478 | $118,781 | $197,308 | $274,858 |
| Clearlake Oaks | $47,240 | $97,015 | $172,390 | $253,932 | $332,724 |
| Clearlake Park | $28,303 | $57,622 | $129,744 | $301,282 | $459,887 |
| Clearlake Pk | $32,936 | $54,615 | $103,004 | $153,409 | $216,678 |
| Cobb | $26,513 | $51,672 | $170,426 | $283,869 | $379,212 |
| Finley | $52,707 | $113,700 | $167,659 | $273,003 | $390,055 |
| Glenhaven | $70,092 | $111,870 | $177,480 | $314,314 | $521,849 |
| Hidden Valley Lake | $145,082 | $207,116 | $295,503 | $369,649 | $444,292 |
| Kelseyville | $112,762 | $175,000 | $265,302 | $369,791 | $525,915 |
| Lakeport | $96,515 | $154,365 | $257,519 | $382,632 | $530,592 |
| Lakeside | $26,402 | $26,402 | $26,402 | $26,402 | $26,402 |
| Loch Lomond | $37,666 | $106,981 | $200,000 | $332,751 | $529,130 |
| Lower Lake | $48,351 | $105,445 | $235,642 | $382,335 | $599,760 |
| Lucerne | $54,069 | $94,707 | $159,766 | $261,120 | $442,456 |
| Middletown | $30,807 | $78,030 | $179,006 | $320,789 | $506,709 |
| Nice | $45,139 | $88,654 | $152,732 | $254,811 | $390,478 |
| Potter Valley | $65,809 | $112,351 | $151,036 | $217,476 | $310,660 |
| Upper Lake | $54,669 | $127,612 | $209,532 | $315,604 | $427,509 |
| Witter Springs | $99,344 | $165,207 | $287,558 | $471,620 | $671,572 |
Source: Ownwell
Property Tax Bills Across Lake County, California
In Lake County, CA, property tax bills are calculated based on the assessed value of the property, which is often a percentage of the market value. The median home price in Lake County is $206,366, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions or deductions. Homeowners in Lake County experience a range of tax bills. For instance, the 25th percentile tax bill is $1,378, while the 75th percentile reaches $3,710, and the 90th percentile soars to $5,162. The highest median tax bill is found in Hidden Valley Lake at $3,625, contrasting sharply with the lowest median tax bill of $463 in Lakeside. These variations significantly impact homeowners, as higher tax bills can affect affordability and overall financial planning. Compared to the national median property tax rate of 0.99%, Lake County's rates reflect a diverse range of tax burdens for its residents.
Average Lake County Tax Bill
$2,425
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake County, California
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearlake | $511 | $936 | $1,560 | $2,438 | $3,348 |
| Clearlake Oaks | $570 | $1,138 | $1,995 | $2,935 | $3,876 |
| Clearlake Park | $414 | $797 | $1,693 | $3,605 | $5,394 |
| Clearlake Pk | $500 | $836 | $1,306 | $1,912 | $2,571 |
| Cobb | $495 | $780 | $2,094 | $3,389 | $4,446 |
| Finley | $789 | $1,376 | $1,972 | $3,225 | $4,455 |
| Glenhaven | $818 | $1,244 | $2,003 | $3,405 | $5,745 |
| Hidden Valley Lake | $1,889 | $2,607 | $3,625 | $4,450 | $5,308 |
| Kelseyville | $1,119 | $1,845 | $2,861 | $4,019 | $5,699 |
| Lakeport | $1,185 | $1,873 | $3,027 | $4,435 | $6,064 |
| Lakeside | $463 | $463 | $463 | $463 | $463 |
| Loch Lomond | $377 | $893 | $2,151 | $3,765 | $5,843 |
| Lower Lake | $673 | $1,293 | $2,770 | $4,477 | $6,999 |
| Lucerne | $617 | $1,122 | $1,806 | $2,900 | $4,833 |
| Middletown | $554 | $1,080 | $2,239 | $3,826 | $5,909 |
| Nice | $566 | $989 | $1,779 | $2,892 | $4,253 |
| Potter Valley | $788 | $1,286 | $1,729 | $2,451 | $3,502 |
| Upper Lake | $627 | $1,434 | $2,359 | $3,541 | $4,705 |
| Witter Springs | $1,157 | $1,829 | $3,109 | $5,255 | $7,411 |
Source: Ownwell
Don't miss the deadline to appeal!
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | common2.mptsweb.com |