Westwood, California Property Taxes
The median property tax rate in Westwood, CA is 1.00%, which is slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Westwood, the typical annual property tax bill reaches $786, significantly less than the national median of $2,690. Property taxes in Westwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Westwood'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 Westwood 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
Westwood, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Westwood Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Westwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westwood 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 Westwood, California
Property taxes in Westwood, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westwood is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Westwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westwood 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 Westwood's effective property tax rate to other counties in California and the national median. For comparison, the 96137 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Westwood 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 Westwood Tax Rate
1.00%
Average Lassen County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | 0.89% | 0.95% | 1.00% | 1.00% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Westwood, California
In Westwood, 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 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 Westwood, 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 Westwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $786, found in the zip code 96137.
Average Westwood Assessed Value
$81,265
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 Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $29,839 | $49,456 | $81,265 | $130,120 | $184,216 |
Source: Ownwell
Property Tax Bills Across Westwood, California
In Westwood, CA, property tax bills are determined based on the assessed value of a home, which is often a percentage of its market value. For homeowners in Westwood, the median home price is $81,265. Property taxes are calculated by applying the local tax rate to this assessed value. Factors such as local levies, school district funding, and municipal services also influence the final tax bill. Homeowners in Westwood experience a range of property tax bills. The tax bill at the 25th percentile is around $480, while the 75th percentile sees bills up to $1,288. For those at the 90th percentile, tax bills can rise to $1,847. These figures indicate a significant variation in tax obligations, influenced by home values and additional local assessments. Compared to the national median property tax rate of 0.99%, Westwood's tax rates reflect the local economic conditions and funding needs, impacting homeowners by contributing to community services and infrastructure.
Average Westwood Tax Bill
$786
Average Lassen County Tax Bill
$1,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Westwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $277 | $480 | $786 | $1,288 | $1,847 |
Source: Ownwell