Tax Rates for Finley, Lake, CA

Sales Tax
Finley City Sales Tax0.0%
Lake County Sales Tax1.25%
California State Sales Tax6.0%
Combined Sales Tax7.25%
Property Tax
Lake County Property Tax1.073%
California State Property Tax0.0%
Income Tax
Local Income Tax0.0%
California State Income Tax1% (<$7,850) to 13.30% (> $1m)

Source(s): http://www.boe.ca.gov

Sales Tax in Finley, CA

While the State of California only charges a 6% sales tax, there's also a state mandated 1.25% local rate, bringing the minimum sales tax rate in the state up to 7.25%.

As you would imagine, with a combined city/county sales tax rate of 1.25%, Finley comes in on the low end for sales taxes in California. In fact, there are 1314 cities (out of 1782) that charge a higher rate on items sold with their borders.

Property Tax in Lake County

As California property tax rates go, Lake County is on the low end at only 1.073%. There are 32 counties in the state with higher property taxes and only 25 counties that have lower rates. Note that 1.073% is an effective tax rate estimate. Actual property tax rates vary slightly from property to property within cities and counties due to special property tax boundaries.

California has one of the lowest property tax rates in the country, thanks primarily to Proposition 13, a 1978 amendment to California's Constitution. Proposition 13 limits property taxes (which are determined by local governments) to at most 1% of the property's cash value. In addition, annual increases due to property value appreciation are limited to 2% per year. A property's value can only be reassessed for tax purposes if the property changes owners or if there is construction done to the property. Despite the 1% ad valorem tax limit, almost all effective property tax rates in California actually end up exceeding 1%. How can that happen? Proposition 13 allows local governments to charge additional fixed amount special assessments. Those special assessments can be earmarked for anything from funding schools to mosquito abatement. Local governments are also allowed to sell taxpayer approved bonds, which are repaid by additional property taxes not subject to the 1% limit.

Income Tax in California

California is one of 36 states that don't have any local (city or county level) income taxes. It does, however, have the highest top tax bracket in the country of 13.3% on income over $1 million, as well as a pretty high effective rate for middle class workers.

Other Tax Rates in California

Ivanhoe, Tulare, CA

Johnsondale, Tulare, CA

Exeter, Tulare, CA

Comptche, Mendocino, CA

Newport Beach, Orange, CA

Lamont, Kern, CA

Woodfords, Alpine, CA

Los Padres, San Luis Obispo, CA

Encino (Los Angeles), Los Angeles, CA

Hacienda Heights, Los Angeles, CA

Sand City, Monterey, CA

Lenwood, San Bernardino, CA

Mira Vista, Contra Costa, CA

Auburn, Placer, CA

Citrus Heights, Sacramento, CA

Iowa Hill, Placer, CA

La Habra Heights, Los Angeles, CA

Atwood, Orange, CA

Bear Valley, Alpine, CA

Discovery Bay, Contra Costa, CA

Newhall (Santa Clarita), Los Angeles, CA

Bellflower, Los Angeles, CA

South El Monte, Los Angeles, CA

Holmes, Humboldt, CA

Shaver Lake, Fresno, CA

East San Pedro (Los Angeles), Los Angeles, CA

Big Oak Flat, Tuolumne, CA

East Nicolaus, Sutter, CA

Hat Creek, Shasta, CA

Del Kern (Bakersfield), Kern, CA

Kaweah, Tulare, CA

Lucerne Valley, San Bernardino, CA

Highway City (Fresno), Fresno, CA

White Pines, Calaveras, CA

South Pasadena, Los Angeles, CA

Juniper, Lassen, CA

Meadow Valley, Plumas, CA

Applegate, Placer, CA

Squaw Valley, Fresno, CA

Amador City, Amador, CA

Camarillo, Ventura, CA

Trinidad, Humboldt, CA

Norden, Nevada, CA

Calistoga, Napa, CA

Hathaway Pines, Calaveras, CA

Kettleman City, Kings, CA

Bass Lake, Madera, CA

Oxnard, Ventura, CA

Florence, Los Angeles, CA

Muscoy, San Bernardino, CA

Cholame, San Luis Obispo, CA

San Miguel, San Luis Obispo, CA

Rossmoor, Orange, CA

Castroville, Monterey, CA

Sheepranch, Calaveras, CA

Dulzura, San Diego, CA

Trowbridge, Sutter, CA

Pinon Hills, San Bernardino, CA

Marshall, Marin, CA

Richmond, Contra Costa, CA

Top Articles

A Brief History of Credit Cards

8 Things That Can Affect Your Mortgage Rate

Investing for Retirement

Is Marriage Good for Taxes?

8 Reasons Why Credit Cards are Better than Cash

Main Types of Investment Assets

8 Individual Tax Breaks You Might Not Know About

Homeownership as an Investment