Lake Almanor Peninsula, Plumas County, California Property Taxes

Name: Property Tax Bills Across Lake Almanor Peninsula, Plumas County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Almanor Peninsula, CA effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Lake Almanor Peninsula, CA home value: $590,656
Median annual Lake Almanor Peninsula, CA tax bill: $1,574, $826 lower than the national median property tax bill of $2,400.

How are property taxes in Plumas County calculated?

Property taxes in Lake Almanor Peninsula, 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 Lake Almanor Peninsula’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Almanor Peninsula, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Almanor Peninsula, Plumas County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$2,658

$2,467

Ownwell’s Lake Almanor Peninsula Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Almanor Peninsula with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Almanor Peninsula’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Plumas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Almanor Peninsula, Plumas County, California

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its necessary budget to provide services and divides that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Lake Almanor Peninsula, located in Plumas County, property owners experience an effective property tax rate of 0.45%. This is notably lower than the national median property tax rate of 1.02%, and it also falls below the median property tax rate for California. These lower rates can be particularly appealing to homeowners seeking more affordable property tax obligations.

Comparing Lake Almanor Peninsula's property tax rate to other cities in California highlights its affordability. The lower tax rate can be a significant factor for potential property buyers and current homeowners, offering a financial advantage in terms of annual tax bills. With the national median property tax bill at $2,400, the region provides a more cost-effective option for those looking to invest in property.

Property Tax Rates Across Lake Almanor Peninsula, Plumas County, California

Source: Ownwell

0.96%

1.07%

1.17%

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 Lake Almanor Peninsula Tax Rate

0.45%

Median Effective Plumas County Tax Rate

1.09%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Almanor Peninsula, Plumas County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Lake Almanor Peninsula, Plumas County, California

When examining property taxes in Lake Almanor Peninsula, 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 Plumas County Assessor's Office 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 Plumas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lake Almanor Peninsula. For example, the median home price in Lake Almanor Peninsula is $590,656, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lake Almanor Peninsula, Plumas County, California

Source: Ownwell

$49,702

$248,954

$448,206

Median Lake Almanor Peninsula Market Value

$590,656

Median Plumas County Market Value

$216,793

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Almanor Peninsula, Plumas County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Lake Almanor Peninsula, Plumas County, California

In Lake Almanor Peninsula, located in Plumas County, CA, property tax bills are determined by applying the local tax rate to the assessed value of the property. The assessed value is typically based on the purchase price of the home, adjusted annually for inflation, and may increase up to 2% per year due to California's Proposition 13. With a median home price of $590,656, homeowners in this area can expect their property tax bills to be around $1,574, which is significantly below the national median property tax bill of $2,400. This lower tax bill can be attributed to California's relatively low property tax rates compared to the national median rate of 1.02%. However, homeowners may still feel the burden of these taxes. Ownwell can assist by reviewing your property assessment to identify potential savings and filing appeals on your behalf, ensuring you're not overpaying. By leveraging their expertise, homeowners can potentially reduce their tax bills and alleviate the financial strain associated with property taxes.

Property Tax Bills Across Lake Almanor Peninsula, Plumas County, California

Source: Ownwell

$540

$2,906

$5,271

Median Lake Almanor Peninsula Tax Bill

$1,574

Median Plumas County Tax Bill

$2,335

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Almanor Peninsula, Plumas County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell