Lake Almanor, California Property Taxes
The median property tax rate in Lake Almanor, CA is 1.10%, 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 $519,159, the typical annual property tax bill in Lake Almanor reaches $5,720, significantly exceeding the national median of $2,690. Property taxes in Lake Almanor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Almanor'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 Lake Almanor 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
Lake Almanor, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$5,711
$5,299
Ownwell’s Lake Almanor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Almanor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Almanor 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 Lake Almanor, California
Property taxes in Lake Almanor, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Almanor is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lake Almanor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Almanor 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 Lake Almanor's effective property tax rate to other counties in California and the national median. For comparison, the 96137 zip code has the highest median property tax rate of 1.10%, while the 96137 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Lake Almanor provides valuable insights into the varying tax landscape across Plumas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Almanor Tax Rate
1.10%
Average Plumas County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Almanor, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | 1.07% | 1.08% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Lake Almanor, California
In LAKE ALMANOR, 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 Plumas 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 LAKE ALMANOR, 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. The median home price in LAKE ALMANOR is $519,159, with annual tax bills ranging from $3,411 at the 25th percentile to $6,058 at the 75th percentile. The zip code 96137 has the highest median tax bill at $5,720. 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 LAKE ALMANOR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lake Almanor, California
Source: Ownwell
$25,259
$426,209
$827,159
Average Lake Almanor Assessed Value
$519,159
Average Plumas County Assessed Value
$216,793
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Almanor, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $186,687 | $311,364 | $519,159 | $550,892 | $569,931 |
Source: Ownwell
Property Tax Bills Across Lake Almanor, California
Property tax bills in Lake Almanor, located in Plumas County, CA, are calculated based on the assessed value of a property. This assessed value is typically determined by the market value of the home at the time of purchase or through periodic reassessments. The tax rate is then applied to this assessed value to determine the annual property tax bill. In Lake Almanor, the median home price is $519,159, which significantly influences the overall tax bill. Several factors are considered when determining the tax bill, including the property's location, size, and any improvements made. For instance, the tax bill at the 25th percentile is $3,411, while at the 75th percentile, it rises to $6,058. The highest median tax bill recorded in the area is $5,720. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Homeowners in Lake Almanor should be aware that their property taxes can vary significantly, impacting their annual financial planning. Regular reassessments and changes in market value can lead to fluctuations in their tax bills.
Average Lake Almanor Tax Bill
$5,720
Average Plumas County Tax Bill
$2,335
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Almanor, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96137 | $2,025 | $3,411 | $5,720 | $6,058 | $6,261 |
Source: Ownwell