Upper Lake, California Property Taxes
The median property tax rate in Upper Lake, CA is 1.13%, which is higher than the national median of 0.99% but lower than California's state median of 1.21%. With a median home value of $209,532, the typical annual property tax bill in Upper Lake is $2,359, slightly below the national median of $2,690. Property taxes in Upper Lake are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Upper Lake'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 Upper Lake 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
Upper Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,368
$2,236
Ownwell’s UPPER LAKE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UPPER LAKE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UPPER LAKE 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 Upper Lake, California
Property taxes in Upper Lake, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upper Lake is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Upper Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upper Lake 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 Upper Lake's effective property tax rate to other counties in California and the national median. For comparison, the 95485 zip code has the highest median property tax rate of 1.13%, while the same zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Upper Lake 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 Upper Lake Tax Rate
1.13%
Average Lake County Tax Rate
1.19%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upper Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95485 | 1.10% | 1.11% | 1.13% | 1.17% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Upper Lake, California
In Upper Lake, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Lake 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 Upper Lake, 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. Being aware of these valuation processes in Upper Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bill is 95485, with a value of $2,359.
Average Upper Lake Assessed Value
$209,532
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 Upper Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95485 | $54,669 | $127,612 | $209,532 | $315,604 | $427,509 |
Source: Ownwell
Property Tax Bills Across Upper Lake, California
In Upper Lake, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Lake County Assessor's Office. The assessed value is typically a percentage of the home's market value. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. For instance, the median home price in Upper Lake is $209,532, and the property tax rate in the area is approximately 1.13%, slightly above the national median of 0.99%. Several factors influence the tax bill, including property improvements, changes in market conditions, and any applicable exemptions or abatements. Homeowners in Upper Lake can expect a range of tax bills, with the 25th percentile at $1,434 and the 75th percentile reaching $3,541. The highest median tax bill recorded in the area is $2,359, while the 90th percentile tax bill can go up to $4,705. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Upper Lake Tax Bill
$2,359
Average Lake County Tax Bill
$2,425
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Upper Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95485 | $627 | $1,434 | $2,359 | $3,541 | $4,705 |
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 |