Coleville, California Property Taxes
The median property tax rate in Coleville, CA is 1.05%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $159,893, the typical annual property tax bill in Coleville is $1,462, which is below the national median of $2,690. Property taxes in Coleville are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Exploring these exemptions and identifying opportunities for reductions can lead to significant savings. Whether you're in the heart of Coleville or another part of Mono County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coleville, 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 Coleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleville 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 Coleville, California
Property taxes in Coleville, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleville is 1.05%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Coleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleville 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 Coleville's effective property tax rate to other counties in California and the national median. For comparison, the 96107 zip code has the highest median property tax rate of 1.05%, while the 96107 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Coleville provides valuable insights into the varying tax landscape across Mono County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coleville Tax Rate
1.05%
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96107 | 0.94% | 1.03% | 1.05% | 1.09% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Coleville, California
In Coleville, 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 Mono 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 Coleville, 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 Coleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Coleville is $159,893, with the highest and lowest median tax bills both at $1,462 in the 96107 zip code.
Average Coleville Assessed Value
$159,893
Average Mono County Assessed Value
$402,900
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96107 | $39,290 | $84,529 | $159,893 | $251,180 | $348,880 |
Source: Ownwell
Property Tax Bills Across Coleville, California
Property tax bills in Coleville, located in Mono County, CA, are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Coleville is $159,893. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Coleville can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $699, while at the 75th percentile, it rises to $2408. The highest tax bills, at the 90th percentile, can reach up to $3491. These variations can impact homeowners' finances, making it essential to understand how local property tax rates compare to the national median property tax rate of 0.99%. By being aware of these factors, homeowners can better anticipate their property tax obligations and plan accordingly.
Average Coleville Tax Bill
$1,462
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96107 | $360 | $699 | $1,462 | $2,408 | $3,491 |
Source: Ownwell