Bass Lake, California Property Taxes
The median property tax rate in Bass Lake, CA is 1.23%, which is notably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Bass Lake at $352,694, the typical annual property tax bill reaches $4,376, surpassing the national median of $2,690. Property taxes in Bass Lake are determined based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bass 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 Bass Lake or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bass Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$4,338
$4,097
Ownwell’s Bass Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bass Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bass 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 Bass Lake, California
Property taxes in Bass Lake, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bass Lake stands at 1.23%, notably higher than the U.S. national median of 0.99%. Local government entities within Bass Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bass 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 Bass Lake's effective property tax rate to other areas in California and the national median. For comparison, the zip code 93604 has both the highest and lowest median property tax rate in the area, at 1.23%. Understanding how these cities compare with Bass Lake provides valuable insights into the varying tax landscape across Madera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bass Lake Tax Rate
1.23%
Average Madera County Tax Rate
1.10%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bass Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93604 | 1.04% | 1.08% | 1.23% | 1.46% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Bass Lake, California
In Bass 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 Madera 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 Bass 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 Bass Lake 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 $4,467, found in zip code 93604.
Average Bass Lake Assessed Value
$352,694
Average Madera County Assessed Value
$222,847
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bass Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93604 | $85,906 | $203,088 | $358,118 | $645,702 | $1,101,047 |
Source: Ownwell
Property Tax Bills Across Bass Lake, California
In Bass Lake, located in Madera County, CA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and generally aligns with the market value of the property. Homeowners in Bass Lake experience a range of property tax bills, with the 25th percentile at $2,792 and the 75th percentile reaching $7,047. The 90th percentile tax bill can go as high as $11,510, reflecting the variability depending on property values and applicable exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Bass Lake is $352,694, which contributes to the calculation of the property tax. This means that homeowners in Bass Lake could pay a median tax bill of around $4,467, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual financial obligations, influencing decisions on homeownership and investments.
Average Bass Lake Tax Bill
$4,376
Average Madera County Tax Bill
$2,366
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bass Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93604 | $1,847 | $2,919 | $4,467 | $7,148 | $11,776 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Madera Tax Assessor | |
| Website | common3.mptsweb.com |