Laws, California Property Taxes
The median property tax rate in LAWS, CA is 1.03%, slightly higher than the national median of 0.99% yet lower than the California state median of 1.21%. With the median home value in LAWS, the typical annual property tax bill reaches $677, which is significantly below the national median of $2,690. Property taxes in LAWS are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LAWS'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 LAWS or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laws, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$675
$626
Ownwell’s LAWS Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LAWS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAWS 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 Laws, California
Property taxes in LAWS, California, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in LAWS is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within LAWS set these rates annually, and they can vary significantly across different neighborhoods. Each year, LAWS 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 LAWS's effective property tax rate to other areas in California and the national median. For comparison, the 93514 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these areas compare with LAWS 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 Laws Tax Rate
1.03%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laws, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Laws, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in LAWS, California. 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 Appraisal District 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 LAWS, 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 LAWS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in LAWS are both $677, found in the 93514 zip code.
Average Laws Assessed Value
$65,528
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 Laws, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $34,759 | $46,298 | $65,528 | $84,759 | $96,298 |
Source: Ownwell
Property Tax Bills Across Laws, California
In the city of LAWS in Inyo County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the county assessor and is often a percentage of the property's market value. Factors such as recent sales of similar properties, improvements made to the home, and changes in the local real estate market can influence this assessed value. Homeowners in LAWS can expect varying property tax bills. For instance, the 25th percentile tax bill is around $478, while the 75th percentile tax bill is approximately $876. At the higher end, the 90th percentile tax bill reaches $995. These figures indicate a range of property tax burdens depending on the specific assessed value of a property. Compared to the national median property tax rate of 0.99%, the property tax bills in LAWS reflect localized factors that impact homeowners' financial obligations. This variation underscores the importance of understanding how local assessments and market conditions can affect overall tax responsibilities.
Average Laws Tax Bill
$677
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Laws, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $358 | $478 | $677 | $876 | $995 |
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 |