Shoshone, California Property Taxes
The median property tax rate in Shoshone, 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 $28,137 in Shoshone, the typical annual property tax bill is around $254, which is below the national median of $2,690. Property taxes in Shoshone are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Shoshone’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 Shoshone 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
Shoshone, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$284
$268
Ownwell’s Shoshone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shoshone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shoshone 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 Shoshone, California
Property taxes in Shoshone, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shoshone is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Shoshone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shoshone 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 Shoshone's effective property tax rate to other areas in California and the national median. For comparison, the 92384 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Shoshone 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 Shoshone Tax Rate
1.01%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shoshone, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92384 | 0.82% | 0.96% | 1.01% | 1.06% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Shoshone, California
In Shoshone, 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 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 Shoshone, 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 Shoshone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shoshone is $254.00, which is also the lowest, found in zip code 92384.
Average Shoshone Assessed Value
$28,137
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 Shoshone, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92384 | $9,416 | $22,068 | $28,137 | $57,828 | $71,572 |
Source: Ownwell
Property Tax Bills Across Shoshone, California
Property tax bills in Shoshone, located in Inyo County, CA, are determined based on the assessed value of a property. The assessed value typically starts with the market value of the home, which in Shoshone has a median price of $28,137. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition, as well as any improvements made. Homeowners in Shoshone can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $51, while the 75th percentile reaches $470, and the 90th percentile can be as high as $669. Compared to the national median property tax rate of 0.99%, Shoshone's property tax bills reflect the area's relatively lower home values. This can be beneficial for homeowners, as it generally means lower annual property taxes, allowing for more manageable household expenses.
Average Shoshone Tax Bill
$254
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Shoshone, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92384 | $28 | $51 | $254 | $470 | $669 |
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 |