Middletown, California Property Taxes
The median property tax rate in Middletown, CA is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Middletown at $179,006, the typical annual property tax bill reaches $2,239, which is below the national median of $2,690. Property taxes in Middletown are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Middletown'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 Middletown or another part of Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middletown, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,255
$2,130
Ownwell’s Middletown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Middletown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Middletown to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Middletown, California
Property taxes in Middletown, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middletown is 1.26%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Middletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middletown 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 Middletown's effective property tax rate to other counties in California and the national median. For comparison, the 95461 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Middletown provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middletown Tax Rate
1.26%
Average Lake County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middletown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95461 | 1.17% | 1.20% | 1.26% | 1.43% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Middletown, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Middletown, CA. The market value is the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lake 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. In Middletown, 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 instance, the median home price in Middletown is $179,006, with tax bills ranging from $1,080 at the 25th percentile to $5,909 at the 90th percentile. The highest median tax bill in the area is $2,239 in the 95461 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middletown Assessed Value
$179,006
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 Middletown, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95461 | $30,807 | $78,030 | $179,006 | $320,789 | $506,709 |
Source: Ownwell
Property Tax Bills Across Middletown, California
In Middletown, CA, located in Lake County, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For instance, if the median home price in Middletown is $179,006, the tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Middletown may see tax bills varying widely depending on their property's assessed value. For example, the 25th percentile tax bill is around $1,080, while the 75th percentile tax bill can go up to $3,826. At the higher end, the 90th percentile tax bill reaches $5,909. These variations can significantly impact homeowners' annual expenses, influencing their overall financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Middletown reflect the local government's revenue requirements and the value of real estate in the area. Understanding how these factors interplay helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Middletown Tax Bill
$2,239
Average Lake County Tax Bill
$2,425
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Middletown, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95461 | $554 | $1,080 | $2,239 | $3,826 | $5,909 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Lake Tax Assessor | |
| Website | common2.mptsweb.com |