Catheys Valley, California Property Taxes
The median property tax rate in Catheys Valley, 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 $228,000 in Catheys Valley, the typical annual property tax bill amounts to $2,247, which is below the national median of $2,690. Property taxes in Catheys Valley are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Catheys Valley'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 Catheys Valley or another part of Mariposa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Catheys Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,303
$2,175
Ownwell’s Catheys Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catheys Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catheys Valley 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 Catheys Valley, California
Property taxes in Catheys Valley, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Catheys Valley is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Catheys Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catheys Valley 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 Catheys Valley's effective property tax rate to other areas in Mariposa County and the national median. For comparison, the 95306 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 areas compare with Catheys Valley provides valuable insights into the varying tax landscape across Mariposa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catheys Valley Tax Rate
1.01%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catheys Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95306 | 0.93% | 0.98% | 1.01% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Catheys Valley, California
In Catheys Valley, 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 Mariposa 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 Catheys Valley, 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 Catheys Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Catheys Valley is $2,247, with the same value for both the highest and lowest median tax bills in the 95306 zip code.
Property Tax Assessment Values Across Catheys Valley, California
Source: Ownwell
$33,082
$179,469
$325,856
Average Catheys Valley Assessed Value
$228,000
Average Mariposa County Assessed Value
$200,834
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catheys Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95306 | $77,105 | $124,002 | $228,000 | $418,786 | $624,240 |
Source: Ownwell
Property Tax Bills Across Catheys Valley, California
In Catheys Valley, located in Mariposa 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 often a percentage of the property's market value. For homeowners in Catheys Valley, the median home price is around $228,000. Property tax rates in this region can vary, but the median tax bill is approximately $2,247 annually, which is higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property type, location, and any applicable exemptions or deductions. For instance, tax bills in the 25th percentile are about $1,185, while those in the 75th percentile can reach up to $4,001. At the higher end, the 90th percentile tax bills are around $6,170. These variations significantly impact homeowners, affecting their annual financial planning and long-term investment in their properties. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Catheys Valley Tax Bill
$2,247
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Catheys Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95306 | $722 | $1,185 | $2,247 | $4,001 | $6,170 |
Source: Ownwell