Trona, California Property Taxes
The median property tax rate in Trona, CA is 0.97%, 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 $21,635, the typical annual property tax bill in Trona amounts to $178, far under the national median of $2,690. Property taxes in Trona are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Trona'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 Trona 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
Trona, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Trona Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Trona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trona to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Trona, California
Property taxes in Trona, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trona is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Trona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trona 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 Trona's effective property tax rate to other areas in California and the national median. For comparison, the 93555 zip code has the highest median property tax rate of 0.97%, while the 93562 zip code has the lowest median tax rate of 0.94%. Understanding how these areas compare with Trona 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 Trona Tax Rate
0.97%
Average Inyo County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| 93562 | 0.82% | 0.85% | 0.94% | 0.97% | 0.97% |
| 93592 | 0.68% | 0.92% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Trona, California
In Trona, 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 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 Trona, 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. In Trona, the median home price is $21,635. The zip code with the highest median tax bill is 93562, with a tax bill of $257. Conversely, the zip code with the lowest median tax bill is 93592, with a tax bill of $213. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trona Assessed Value
$21,635
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 Trona, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | $5,112 | $6,180 | $7,958 | $9,736 | $10,804 |
| 93562 | $10,060 | $12,443 | $30,202 | $49,979 | $137,895 |
| 93592 | $4,838 | $9,626 | $22,307 | $60,988 | $100,000 |
Source: Ownwell
Property Tax Bills Across Trona, California
In Trona, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value typically starts with the market value of the property and may be adjusted for any exemptions or reductions that apply. For homeowners in Trona, the median home price is $21,635. Property tax rates in Trona are influenced by various factors, including local government budgets and voter-approved measures. The tax bill can vary widely, with the 25th percentile at $93 and the 75th percentile at $450. At the 90th percentile, homeowners may see tax bills as high as $1,011. Comparatively, the highest median tax bill in the area is $257 in the 93562 zip code, while the lowest is $213 in the 93592 zip code. These variations can significantly impact homeowners, affecting their monthly expenses and overall financial planning. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Trona Tax Bill
$178
Average Inyo County Tax Bill
$1,960
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Trona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93555 | $49 | $60 | $77 | $94 | $104 |
| 93562 | $97 | $120 | $257 | $413 | $1,241 |
| 93592 | $61 | $105 | $213 | $527 | $956 |
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 |