Wawona, California Property Taxes
The median property tax rate in Wawona, CA is 1.01%, which is 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 Wawona at $314,699, the typical annual property tax bill reaches $3,156, surpassing the national median of $2,690. Property taxes in Wawona 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 Wawona'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 Wawona or another part of Mariposa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wawona, 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 Wawona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wawona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wawona 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 Wawona, California
Property taxes in Wawona, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wawona is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Wawona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wawona 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 Wawona's effective property tax rate to other counties in California and the national median. For comparison, the 95389 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Wawona 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 Wawona 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 Wawona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95389 | 0.99% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Wawona, California
In Wawona, 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 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 Wawona, 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 Wawona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95389 has both the highest and lowest median tax bill at $3,156.
Average Wawona Assessed Value
$314,699
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 Wawona, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95389 | $91,181 | $148,274 | $314,699 | $484,546 | $788,388 |
Source: Ownwell
Property Tax Bills Across Wawona, California
In Wawona, located in Mariposa County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Wawona, the median home price is $314,699. Property tax bills can vary widely, with the 25th percentile at $1,336 and the 75th percentile at $4,843. The 90th percentile reaches up to $7,178. These figures highlight the range of tax burdens depending on the property's assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Wawona's property tax rates can significantly impact homeowners. Higher assessed values and tax rates can result in substantial annual tax bills, affecting the overall cost of homeownership in the area. This variability underscores the importance of understanding property tax assessments and potential appeals to manage expenses effectively.
Average Wawona Tax Bill
$3,156
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Wawona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95389 | $917 | $1,336 | $3,156 | $4,843 | $7,178 |
Source: Ownwell