Likely, Modoc County, California Property Taxes
Median Likely, CA effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Likely, CA home value: $126,654
Median annual Likely, CA tax bill: $1,263, $1,137 lower than the national median property tax bill of $2,400.
How are property taxes in Modoc County calculated?
Property taxes in Likely, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Likely’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Likely, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Likely, Modoc County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,330
$1,234
Property Tax Rates Across Likely, Modoc County, California
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Likely, located in Modoc County, CA, the effective property tax rate is a reflection of this process. Modoc County's median tax rate is 1.06%, which is notably higher than the national median of 1.02%. This indicates that property owners in Likely may face higher property tax bills compared to the national average. The median property tax rate in California is 1.05%, making Modoc County's rate slightly above the state average as well.
For property owners in Likely, understanding these rates is crucial for financial planning and assessing potential property tax bills. Comparing these rates to both state and national medians provides valuable insight into how local property taxes stack up, highlighting the importance of being informed and proactive in managing property tax liabilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Likely Tax Rate
1.05%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Modoc County Tax Rate
1.11%
Median Effective California Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Likely, Modoc County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96116 | 0.98% | 1.00% | 1.06% | 1.19% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Likely, Modoc County, California
When examining property taxes in Likely, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Modoc County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Modoc County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Likely. For example, the median home price in Likely is $126,654, with tax bills ranging significantly across the county. Zip code 96116 has the highest median home price at $94,646.
Property Tax Assessment Values Across Likely, Modoc County, California
Source: Ownwell
$44,592
$119,339
$194,086
Median Likely Market Value
$126,654
Median Modoc County Market Value
$83,080
Median California Market Value
$378,421
Median United States Market Value
$235,294
Property Tax Assessment Values Across Likely, Modoc County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96116 | $33,454 | $57,484 | $94,646 | $233,159 | $325,824 |
Source: Ownwell
Property Tax Bills Across Likely, Modoc County, California
In Likely, located in Modoc County, CA, property tax bills are determined based on the assessed value of a home, which is a percentage of the home's market value. The median home price in this area is $126,654. Homeowners in Likely can expect their property tax bills to vary significantly, with the 25th percentile at $749 and the 75th percentile at $2,987. For those at the 90th percentile, the tax bill can reach up to $4,052. This variability can impact homeowners' budgets, especially when compared to the national median property tax bill of $2,400.
Ownwell offers valuable services to help homeowners in Likely reduce their property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell can assist homeowners in ensuring their property is fairly assessed, potentially lowering their tax obligations. This can lead to significant savings, easing the financial burden on homeowners and allowing them to allocate funds to other priorities.
Median Likely Tax Bill
$1,263
Median Modoc County Tax Bill
$948
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Likely, Modoc County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96116 | $359 | $707 | $1,087 | $2,394 | $3,363 |
Source: Ownwell