Mono County Property Taxes
The median property tax rate in Mono County is 1.14%, which is higher than the national median of 0.99% but below California's state median of 1.21%. With a median home value of $402,900, the typical annual property tax bill in Mono County amounts to $4,319, surpassing the national median of $2,690. Property taxes in Mono County are calculated based on the tax assessed value, which often falls below the actual market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mono County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you reside in Mammoth Lakes or another part of Mono County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mono County 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 Mono County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mono County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mono County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mono County, California
Property taxes in Mono County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mono County is 1.14%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Mono County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mono County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Mono County's effective property tax rate with other counties in California and the national median. For comparison, the city of Chalfant has one of the higher property tax rates in California at 1.40%, while the city of Walker boasts one of the lowest at 1.02%. Analyzing how Mono County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mono County, California
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | 0.96% | 1.03% | 1.03% | 1.09% | 1.16% |
| Bishop | 1.01% | 1.03% | 1.07% | 1.11% | 1.19% |
| Bridgeport | 1.01% | 1.03% | 1.05% | 1.07% | 1.09% |
| Chalfant | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| Chalfant Valley | N/A | N/A | N/A | N/A | N/A |
| Coleville | 0.94% | 1.03% | 1.05% | 1.09% | 1.16% |
| Crowley Lake | 1.04% | 1.11% | 1.12% | 1.13% | 1.15% |
| Hammil Valley | 0.92% | 1.03% | 1.04% | 1.06% | 1.07% |
| June Lake | 1.03% | 1.04% | 1.05% | 1.07% | 1.12% |
| Lee Vining | 0.94% | 1.03% | 1.04% | 1.07% | 1.10% |
| Mammoth Lakes | 1.11% | 1.13% | 1.14% | 1.17% | 1.23% |
| Mono City | 0.79% | 1.02% | 1.10% | 1.47% | 1.82% |
| Ranchita | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| Swall Meadows | 0.77% | 1.05% | 1.10% | 1.12% | 1.26% |
| Toms Place | 0.61% | 1.10% | 1.11% | 1.13% | 1.24% |
| Topaz | 1.02% | 1.03% | 1.05% | 1.07% | 1.11% |
| Walker | 1.01% | 1.01% | 1.02% | 1.03% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Mono County, California
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Mono County, California. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Mono County Appraisal District. The assessed value, however, 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. Assessment notices in Mono County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Toms Place has the highest median tax bill at $6,091, while Chalfant has the lowest at $232. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
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 Mono County, California
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $54,182 | $84,388 | $151,073 | $272,071 | $379,245 |
| Bishop | $138,614 | $214,610 | $348,534 | $473,028 | $671,611 |
| Bridgeport | $72,578 | $124,707 | $220,257 | $342,982 | $497,126 |
| Chalfant | $16,538 | $16,538 | $16,538 | $16,538 | $16,538 |
| Chalfant Valley | N/A | N/A | N/A | N/A | N/A |
| Coleville | $39,290 | $84,529 | $159,893 | $251,180 | $348,880 |
| Crowley Lake | $173,443 | $329,327 | $470,928 | $690,767 | $866,847 |
| Hammil Valley | $182,994 | $233,377 | $348,022 | $522,098 | $612,788 |
| June Lake | $154,194 | $229,957 | $368,935 | $614,112 | $851,355 |
| Lee Vining | $77,412 | $161,345 | $243,555 | $357,398 | $544,709 |
| Mammoth Lakes | $148,068 | $268,691 | $448,008 | $719,656 | $1,108,715 |
| Mono City | $29,747 | $49,957 | $137,092 | $476,135 | $636,777 |
| Ranchita | $265,618 | $282,780 | $311,383 | $339,986 | $357,148 |
| Swall Meadows | $343,611 | $371,876 | $457,018 | $1,163,335 | $1,228,440 |
| Toms Place | $327,526 | $447,215 | $616,931 | $908,954 | $1,512,971 |
| Topaz | $51,596 | $92,648 | $173,399 | $288,144 | $464,151 |
| Walker | $96,555 | $179,568 | $317,922 | $456,277 | $539,290 |
Source: Ownwell
Property Tax Bills Across Mono County, California
In Mono County, CA, property tax bills are calculated based on the assessed value of a property, which is typically determined by the county assessor. The assessed value is often a percentage of the property's market value. Homeowners in Mono County face a median property tax rate of 0.99%, aligning with the national median. Factors such as property location, improvements, and changes in market conditions can influence the assessed value. The tax bill can vary significantly within the county. For instance, the 25th percentile tax bill is $2,489, while the 75th percentile reaches $6,988, and the 90th percentile can be as high as $10,700. This variability means that homeowners in different parts of Mono County may experience different financial impacts. Notably, Toms Place has the highest median tax bill at $6,091, whereas Chalfant has the lowest at $232. Understanding these factors and their impact on tax bills is crucial for homeowners planning their finances.
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mono County, California
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $555 | $843 | $1,394 | $2,559 | $3,576 |
| Bishop | $1,294 | $2,185 | $3,553 | $4,915 | $7,117 |
| Bridgeport | $701 | $1,249 | $2,179 | $3,427 | $4,797 |
| Chalfant | $232 | $232 | $232 | $232 | $232 |
| Chalfant Valley | N/A | N/A | N/A | N/A | N/A |
| Coleville | $360 | $699 | $1,462 | $2,408 | $3,491 |
| Crowley Lake | $1,431 | $2,940 | $4,999 | $7,369 | $9,627 |
| Hammil Valley | $1,962 | $2,422 | $3,610 | $4,572 | $5,885 |
| June Lake | $1,581 | $2,387 | $3,710 | $6,120 | $8,595 |
| Lee Vining | $551 | $1,437 | $2,453 | $3,474 | $4,733 |
| Mammoth Lakes | $1,535 | $2,943 | $4,888 | $7,655 | $11,564 |
| Mono City | $377 | $626 | $754 | $2,260 | $5,215 |
| Ranchita | $2,820 | $2,999 | $3,296 | $3,593 | $3,772 |
| Swall Meadows | $4,254 | $4,400 | $5,021 | $6,789 | $10,713 |
| Toms Place | $2,688 | $3,963 | $6,091 | $10,093 | $15,055 |
| Topaz | $460 | $779 | $1,760 | $2,623 | $4,777 |
| Walker | $991 | $1,855 | $3,297 | $4,738 | $5,603 |
Source: Ownwell