Tecopa, California Property Taxes
The median property tax rate in Tecopa, CA is 1.03%, 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 $27,137 in Tecopa, the typical annual property tax bill is $254, which is significantly below the national median of $2,690. Property taxes in Tecopa are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Tecopa's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Tecopa or considering an investment, familiarizing yourself with the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Tecopa, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$280
$264
Ownwell’s Tecopa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tecopa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tecopa 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 Tecopa, California
Property taxes in Tecopa, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tecopa is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Tecopa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tecopa 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 Tecopa's effective property tax rate to other areas in California and the national median. For comparison, the 92389 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 Tecopa 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 Tecopa 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 Tecopa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92389 | 0.81% | 0.94% | 1.03% | 1.10% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Tecopa, California
In Tecopa, 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 Tecopa, 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. Tecopa's median home price stands at $27,137, with tax bills ranging from $164 at the 25th percentile to $1,077 at the 90th percentile. The highest and lowest median tax bills are both $254 in the 92389 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tecopa Assessed Value
$27,137
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 Tecopa, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92389 | $6,690 | $16,642 | $27,137 | $52,632 | $122,930 |
Source: Ownwell
Property Tax Bills Across Tecopa, California
In Tecopa, CA, property tax bills are calculated based on the assessed value of the property rather than its market value. The assessed value is determined by the Inyo County Assessor's Office and typically reflects a percentage of the market value. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For Tecopa homeowners, the median home price is $27,137, which is considerably lower than the national median. Consequently, the property tax bills are also relatively low. For instance, the 25th percentile tax bill is $164, while the 75th percentile reaches $506. At the higher end, the 90th percentile tax bill is $1,077. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Lower property tax bills can make homeownership more affordable, but they also mean fewer resources for public services, which can affect community amenities and overall property values.
Average Tecopa Tax Bill
$254
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tecopa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92389 | $58 | $164 | $254 | $506 | $1,077 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Inyo Tax Assessor | |
| Website | ca-inyo.publicaccessnow.com |