El Portal, California Property Taxes
The median property tax rate in El Portal, CA is 0.98%, slightly lower than both the state median of 1.21% and the national median of 0.99%. With a median home value of $186,601, the typical annual property tax bill in El Portal is $1,746, which is below the national median of $2,690. Property taxes in El Portal are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding El Portal'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 El Portal 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
El Portal, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,829
$1,727
Ownwell’s El Portal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Portal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Portal 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 El Portal, California
Property taxes in El Portal, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Portal is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within El Portal set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Portal 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 El Portal's effective property tax rate to other counties in California and the national median. For comparison, the 95318 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these areas compare with El Portal 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 El Portal Tax Rate
0.98%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Portal, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95318 | 0.88% | 0.94% | 0.98% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across El Portal, California
In El Portal, 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 El Portal, 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 El Portal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,746 in the 95318 zip code.
Average El Portal Assessed Value
$186,601
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 El Portal, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95318 | $58,075 | $104,994 | $186,601 | $277,229 | $433,368 |
Source: Ownwell
Property Tax Bills Across El Portal, California
In El Portal, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For El Portal homeowners, the median home price is $186,601. Property tax bills in the area vary significantly, with the 25th percentile at $895 and the 75th percentile at $2,750, indicating a wide range in tax obligations. The highest tax bills, at the 90th percentile, reach up to $4,306 annually. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, El Portal's property tax rate can lead to significantly different financial impacts on homeowners. Understanding how these elements affect their tax bill can help homeowners budget more effectively and potentially seek out exemptions or appeals to reduce their financial burden.
Average El Portal Tax Bill
$1,746
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across El Portal, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95318 | $467 | $895 | $1,746 | $2,750 | $4,306 |
Source: Ownwell