Crowley Lake, California Property Taxes
The median property tax rate in Crowley Lake, CA is 1.12%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $470,928, the typical annual property tax bill in Crowley Lake reaches $4,999, significantly surpassing the national median of $2,690. Property taxes in Crowley Lake are calculated 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. By understanding Crowley Lake's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Crowley Lake or elsewhere in the city, gaining insight into the local property tax system can lead to significant financial benefits.
Last Updated June 14, 2024
Crowley Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$5,274
$4,981
Ownwell’s Crowley Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crowley Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crowley Lake 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 Mono County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Crowley Lake, California
Property taxes in Crowley Lake, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crowley Lake is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Crowley Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crowley Lake 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 Crowley Lake's effective property tax rate to other counties in California and the national median. For comparison, the 93546 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Crowley Lake 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 Crowley Lake Tax Rate
1.12%
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crowley Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93546 | 1.04% | 1.11% | 1.12% | 1.13% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Crowley Lake, California
In Crowley Lake, 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'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 Crowley Lake, 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 Crowley Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,999, found in the 93546 zip code.
Property Tax Assessment Values Across Crowley Lake, California
Source: Ownwell
$16,538
$316,735
$616,931
Average Crowley Lake Assessed Value
$470,928
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 Crowley Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93546 | $173,443 | $329,327 | $470,928 | $690,767 | $866,847 |
Source: Ownwell
Property Tax Bills Across Crowley Lake, California
In Crowley Lake, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Mono County Assessor's Office. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Crowley Lake, the property tax bill can vary significantly. For example, the 25th percentile tax bill is around $2,940, while the 75th percentile tax bill can reach up to $7,369. At the 90th percentile, homeowners might see tax bills as high as $9,627. Comparatively, the median home price in Crowley Lake is $470,928, and these tax bills reflect the local property tax rate in relation to the national median property tax rate of 0.99%. This variation in tax bills can substantially impact homeowners' annual expenses, making it crucial for them to understand how their property taxes are calculated.
Average Crowley Lake Tax Bill
$4,999
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Crowley Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93546 | $1,431 | $2,940 | $4,999 | $7,369 | $9,627 |
Source: Ownwell