Le Grand, California Property Taxes
The median property tax rate in Le Grand, CA is 1.01%, 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 Le Grand at $233,474, the typical annual property tax bill is $2,367, which is below the national median of $2,690. Property taxes in Le Grand are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. By understanding Le Grand's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Le Grand or another part of Mariposa County, gaining insight into the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Le Grand, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,358
$2,227
Ownwell’s Le Grand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Le Grand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Le Grand 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 Le Grand, California
Property taxes in Le Grand, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Grand is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Le Grand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Grand 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 Le Grand's effective property tax rate to other areas and the national median. For comparison, the 95333 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these figures compare with Le Grand provides valuable insights into the varying tax landscape across Mariposa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Grand Tax Rate
1.01%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Grand, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95333 | 0.98% | 1.00% | 1.01% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Le Grand, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Le Grand, CA. 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 Mariposa County Assessor's Office 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 Le Grand, 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. For example, the median home price in Le Grand is $233,474, and the tax bills range from $1,234 at the 25th percentile to $4,623 at the 90th percentile. The highest and lowest median tax bills are both $2,367 in the 95333 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Le Grand Assessed Value
$233,474
Average Mariposa County Assessed Value
$200,834
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Grand, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95333 | $72,809 | $126,634 | $233,474 | $362,666 | $456,725 |
Source: Ownwell
Property Tax Bills Across Le Grand, California
In Le Grand, located in Mariposa County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the market value at the time of purchase or reassessment. The property tax rate in this region is applied to the assessed value to calculate the annual tax bill. For example, with a median home price of $233,474, homeowners can expect varying tax bills depending on specific factors like exemptions and local tax rates. The 25th percentile tax bill in Le Grand is $1,234, while the 75th percentile tax bill is $3,718, and the 90th percentile tax bill reaches $4,623. These figures indicate a range of potential tax burdens, reflecting differences in home values and applicable deductions. Compared to the national median property tax rate of 0.99%, homeowners in Le Grand may experience varying degrees of financial impact. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and budget accordingly.
Average Le Grand Tax Bill
$2,367
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Grand, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95333 | $719 | $1,234 | $2,367 | $3,718 | $4,623 |
Source: Ownwell