Mokelumne Hill, California Property Taxes
The median property tax rate in Mokelumne Hill, CA is 1.22%, slightly higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Mokelumne Hill at $179,980, the typical annual property tax bill reaches $2,146, which is below the national median of $2,690. Property taxes in Mokelumne Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mokelumne Hill'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 Mokelumne Hill 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
Mokelumne Hill, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,196
$2,074
Ownwell’s Mokelumne Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mokelumne Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mokelumne Hill 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 Calaveras County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mokelumne Hill, California
Property taxes in Mokelumne Hill, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mokelumne Hill is 1.22%, higher than the U.S. national median of 0.99%. Local government entities within Mokelumne Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mokelumne Hill 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 Mokelumne Hill's effective property tax rate to other counties in California and the national median. For comparison, the 95245 zip code has the highest median property tax rate of 1.22%, while the same 95245 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Mokelumne Hill provides valuable insights into the varying tax landscape across Calaveras County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mokelumne Hill Tax Rate
1.22%
Average Calaveras County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mokelumne Hill, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95245 | 1.15% | 1.18% | 1.22% | 1.32% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Mokelumne Hill, California
In Mokelumne Hill, 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 Calaveras 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 Mokelumne Hill, 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 Mokelumne Hill 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 $2,146, found in zip code 95245.
Property Tax Assessment Values Across Mokelumne Hill, California
Source: Ownwell
$38,045
$251,554
$465,062
Average Mokelumne Hill Assessed Value
$179,980
Average Calaveras County Assessed Value
$264,373
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mokelumne Hill, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95245 | $49,584 | $95,013 | $179,980 | $268,084 | $388,592 |
Source: Ownwell
Property Tax Bills Across Mokelumne Hill, California
In Mokelumne Hill, located in Calaveras County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in this area is $179,980. Property taxes are then applied to this assessed value using the local tax rate. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For example, the 25th percentile tax bill in Mokelumne Hill is $1,247, while the 75th percentile reaches $3,113, and the 90th percentile goes up to $4,306. These tax bills can significantly impact homeowners, as they must budget for these annual costs. Compared to the national median property tax rate of 0.99%, Mokelumne Hill's tax bills reflect the unique valuation and tax rate structure of the area. Homeowners in the 95245 zip code experience a median tax bill of $2,146, illustrating the variability within the region.
Average Mokelumne Hill Tax Bill
$2,146
Average Calaveras County Tax Bill
$3,038
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mokelumne Hill, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95245 | $725 | $1,247 | $2,146 | $3,113 | $4,306 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Calaveras Tax Assessor | |
| Website | common3.mptsweb.com |