Tuolumne, California Property Taxes
The median property tax rate in Tuolumne, CA is 0.97%, slightly below the national median of 0.99% and significantly lower than the California state median of 1.21%. With the median home value in Tuolumne at $141,499, the typical annual property tax bill is approximately $1,367, which is well below the national median of $2,690. Property taxes in Tuolumne are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tuolumne'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 Tuolumne 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
Tuolumne, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s TUOLUMNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TUOLUMNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TUOLUMNE 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 Tuolumne, California
Property taxes in Tuolumne, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuolumne is 0.82%, which is lower than both the California state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Tuolumne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuolumne 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 Tuolumne's effective property tax rate to other counties in California and the national median. For comparison, the 95379 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Tuolumne 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 Tuolumne Tax Rate
0.97%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuolumne, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Tuolumne, California
In Tuolumne, 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 Tuolumne 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 Tuolumne, 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 highest and lowest median tax bills are both $1,367 in the 95379 zip code. 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 Tuolumne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tuolumne Assessed Value
$141,499
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 Tuolumne, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | $141,499 | $141,499 | $141,499 | $141,499 | $141,499 |
Source: Ownwell
Property Tax Bills Across Tuolumne, California
In Tuolumne, located in Mariposa County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically reflects the market value of the property at the time of purchase, with annual adjustments for inflation capped at 2% per year. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Tuolumne, the median home price stands at $141,499. The property tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,367. This uniformity suggests a stable tax environment within the city. Compared to the national median property tax rate of 0.99%, Tuolumne's rates are competitive, offering a predictable financial landscape for homeowners. Understanding these factors helps residents plan their finances better, ensuring they are prepared for their annual property tax obligations.
Average Tuolumne Tax Bill
$1,367
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuolumne, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | $1,367 | $1,367 | $1,367 | $1,367 | $1,367 |
Source: Ownwell