Furnace Creek, California Property Taxes
The median property tax rate in Furnace Creek, CA is 0.96%, slightly below the national median of 0.99% and significantly lower than the California state median of 1.21%. With a median home value of $92,435 in Furnace Creek, the typical annual property tax bill is $888, which is well below the national median of $2,690. Property taxes in Furnace Creek are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Furnace Creek'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 Furnace Creek or another part of Inyo County, getting acquainted with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Furnace Creek, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$887
$823
Ownwell’s Furnace Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Furnace Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Furnace Creek 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 Furnace Creek, California
Property taxes in Furnace Creek, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Furnace Creek is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Furnace Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Furnace Creek 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. Understanding how these cities compare with Furnace Creek 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 Furnace Creek Tax Rate
0.96%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Furnace Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Furnace Creek, California
In Furnace Creek, 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'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 Furnace Creek, 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 Furnace Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Furnace Creek is $92,435, with annual tax bills ranging from $650 at the 25th percentile to $1,271 at the 90th percentile.
Property Tax Assessment Values Across Furnace Creek, California
Source: Ownwell
$5,740
$418,381
$831,022
Average Furnace Creek Assessed Value
$92,435
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 Furnace Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Furnace Creek, California
In Furnace Creek, located in Inyo County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Furnace Creek pay property taxes that contribute significantly to local services such as schools, emergency services, and infrastructure maintenance. The median home price in Furnace Creek is $92,435. Property tax bills in this area vary, with the 25th percentile paying around $650 annually, while those in the 75th percentile pay approximately $1,127. Homeowners in the 90th percentile can expect a tax bill of about $1,271. These figures reflect a range that depends on individual property values and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, homeowners in Furnace Creek may find their tax bills to be relatively reasonable, given the assessed property values. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Furnace Creek Tax Bill
$888
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Furnace Creek, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 |