Big Pine, California Property Taxes
The median property tax rate in Big Pine, CA is 1.03%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Big Pine at $207,122, the typical annual property tax bill amounts to $1,977, which is below the national median of $2,690. Property taxes in Big Pine 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 Big Pine'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 Big Pine 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
Big Pine, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,133
$2,015
Ownwell’s BIG PINE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG PINE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG PINE 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 Big Pine, California
Property taxes in Big Pine, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Pine is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Big Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Pine 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 Big Pine's effective property tax rate to other areas in California and the national median. For comparison, the 93513 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Big Pine provides valuable insights into the varying tax landscape across Inyo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Pine Tax Rate
1.03%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93513 | 0.73% | 1.01% | 1.03% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Big Pine, California
In Big Pine, 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 Inyo 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 Big Pine, 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 Big Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $207,122, with tax bills ranging from $1,085 at the 25th percentile to $3,470 at the 90th percentile. The zip code 93513 has both the highest and lowest median tax bill at $1,977.
Average Big Pine Assessed Value
$207,122
Average Inyo County Assessed Value
$188,456
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93513 | $49,760 | $120,462 | $207,122 | $300,526 | $381,471 |
Source: Ownwell
Property Tax Bills Across Big Pine, California
In Big Pine, property tax bills are determined based on the assessed value of a home, which is influenced by the market value and any applicable exemptions. The median home price in this area is $207,122. Property taxes are calculated by applying the local tax rate to the assessed value of the property. In Inyo County, the tax rate ensures that homeowners pay a fair share relative to their property's worth. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any exemptions or deductions for which the homeowner may qualify. The tax bill can vary significantly, with the 25th percentile at $1,085 and the 75th percentile reaching $2,902. For those at the 90th percentile, the tax bill can be as high as $3,470. These figures highlight the variability in property tax obligations, impacting homeowners differently based on their property's value and specific circumstances.
Average Big Pine Tax Bill
$1,977
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93513 | $414 | $1,085 | $1,977 | $2,902 | $3,470 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Inyo Tax Assessor | |
| Website | ca-inyo.publicaccessnow.com |