Chilcoot, California Property Taxes
The median property tax rate in Chilcoot, CA is 1.07%, which is 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 $141,756 in Chilcoot, the typical annual property tax bill amounts to $1,058, falling below the national median of $2,690. Property taxes in Chilcoot are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, including those for primary residences and agricultural properties. Navigating Chilcoot's property tax system, leveraging available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether residing in the heart of Chilcoot or its surrounding areas, a deep understanding of the local property tax framework benefits both homeowners and real estate investors alike.
Last Updated June 14, 2024
Chilcoot, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,517
$1,408
Ownwell’s Chilcoot Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chilcoot with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Chilcoot to project your property tax bill. This valuable tool provides clarity on potential tax liabilities, making financial planning more straightforward. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Lassen County for tax purposes, and this figure includes any applicable exemptions.
Property Tax Rates Across Chilcoot, California
Property taxes in Chilcoot, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chilcoot is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Chilcoot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chilcoot 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 Chilcoot's effective property tax rate to other counties in California and the national median. For comparison, the 96105 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Chilcoot provides valuable insights into the varying tax landscape across Lassen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chilcoot Tax Rate
1.07%
Average Lassen County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | 1.01% | 1.03% | 1.07% | 1.20% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Chilcoot, California
In Chilcoot, 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 Lassen County Assessor's Office 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 Chilcoot, 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 Chilcoot helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 96105, with a median tax bill of $1,058.
Average Chilcoot Assessed Value
$141,756
Average Lassen County Assessed Value
$145,778
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | $44,496 | $64,938 | $141,756 | $309,876 | $444,172 |
Source: Ownwell
Property Tax Bills Across Chilcoot, California
Property tax bills in Chilcoot, Lassen County, CA, are determined based on the assessed value of a property, which is typically a percentage of its market value. The tax rate in this region is influenced by local government budgets and voter-approved measures. In Chilcoot, the median home price stands at $141,756. Homeowners in the 25th percentile can expect a tax bill around $793, while those in the 75th percentile may see bills closer to $2,710. The 90th percentile tax bills can reach up to $4,450. The highest and lowest median tax bills in Chilcoot are both recorded at $1,058, showing a standardized rate across different areas. Compared to the national median property tax rate of 0.99%, Chilcoot's property taxes reflect the local economic conditions and public service funding needs. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly, ensuring they are prepared for the financial responsibilities of property ownership in this region.
Average Chilcoot Tax Bill
$1,058
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Chilcoot, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96105 | $549 | $793 | $1,058 | $2,710 | $4,450 |
Source: Ownwell