Lone Pine, California Property Taxes
The median property tax rate in Lone Pine, CA is 1.15%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $164,599 in Lone Pine, the typical annual property tax bill reaches $1,971, exceeding the national median of $2,690. Property taxes in Lone Pine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lone 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 Lone 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
Lone Pine, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,893
$1,788
Ownwell’s Lone Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lone Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lone 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 Lone Pine, California
Property taxes in Lone Pine, CA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lone Pine is 1.15%, higher than both the California state median of 0.74% and the U.S. national median of 0.99%. Local government entities within Lone Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lone 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 Lone Pine's effective property tax rate to other counties in California and the national median. For comparison, the 93545 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Lone 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 Lone Pine Tax Rate
1.15%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lone Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93545 | 0.86% | 1.01% | 1.15% | 1.35% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Lone Pine, California
In Lone 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 Lone 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 Lone Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93545 has the highest and lowest median tax bill, both at $1,971, compared to the national median property tax rate of 0.99%.
Average Lone Pine Assessed Value
$164,599
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 Lone Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93545 | $12,872 | $76,420 | $164,599 | $275,815 | $438,148 |
Source: Ownwell
Property Tax Bills Across Lone Pine, California
Property tax bills in Lone Pine, located in Inyo County, CA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically reflects the market value of the property. In Lone Pine, the median home price is $164,599. Property tax bills can vary significantly within the area, with the 25th percentile tax bill at $1,210, the 75th percentile at $2,974, and the 90th percentile reaching $4,244. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or deductions. For example, homeowners in Lone Pine may benefit from certain exemptions that can reduce their overall tax liability. Compared to the national median property tax rate of 0.99%, Lone Pine's property tax rates reflect the unique economic and real estate conditions of the region. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Lone Pine Tax Bill
$1,971
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lone Pine, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93545 | $265 | $1,210 | $1,971 | $2,974 | $4,244 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Inyo Tax Assessor | |
| Website | ca-inyo.publicaccessnow.com |