Markleeville, California Property Taxes
The median property tax rate in Markleeville, CA is 1.01%, 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 $333,873, the typical annual property tax bill in Markleeville reaches $3,264, surpassing the national median of $2,690. Property taxes in Markleeville are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Markleeville'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 Markleeville or another part of Alpine County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Markleeville, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$3,372
$3,129
Ownwell’s Markleeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Markleeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Markleeville 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 Markleeville, California
Property taxes in Markleeville, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Markleeville is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Markleeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Markleeville 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 Markleeville's effective property tax rate to other counties in California and the national median. For comparison, the 7515 zip code has the highest median property tax rate of 1.01%, while the 96120 zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Markleeville provides valuable insights into the varying tax landscape across Alpine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Markleeville Tax Rate
1.01%
Average Alpine County Tax Rate
1.01%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Markleeville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7515 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
| 96120 | 0.96% | 0.99% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Markleeville, California
In Markleeville, 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 Alpine 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 Markleeville, 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. For instance, the zip code with the highest median tax bill in Markleeville is 7515 at $9,985, while the lowest is 96120 at $3,254. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Markleeville, California
Source: Ownwell
$92,692
$540,665
$988,638
Average Markleeville Assessed Value
$333,873
Average Alpine County Assessed Value
$351,655
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Markleeville, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7515 | $988,638 | $988,638 | $988,638 | $988,638 | $988,638 |
| 96120 | $98,364 | $200,029 | $330,637 | $502,999 | $736,239 |
Source: Ownwell
Property Tax Bills Across Markleeville, California
In Markleeville, located in Alpine County, CA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and typically aligns closely with the market value of the home. Several factors contribute to the final tax bill, including the property's location, size, and any improvements made. Homeowners in Markleeville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,890, while the 75th percentile tax bill reaches approximately $4,919. At the higher end, the 90th percentile tax bill can soar to $7,409. These figures highlight the range of property tax obligations in the area, influenced by the varying property values. Comparatively, Markleeville's property tax rates are influenced by Alpine County's specific levies and may differ from the national median property tax rate of 0.99%. This variability in tax bills directly impacts homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Markleeville Tax Bill
$3,264
Average Alpine County Tax Bill
$3,686
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Markleeville, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7515 | $9,985 | $9,985 | $9,985 | $9,985 | $9,985 |
| 96120 | $952 | $1,900 | $3,254 | $4,886 | $7,243 |
Source: Ownwell