Mariposa, California Property Taxes
The median property tax rate in Mariposa, CA is 1.02%, 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 $214,864 in Mariposa, the typical annual property tax bill amounts to approximately $2,100, which is below the national median of $2,690. Property taxes in Mariposa are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mariposa'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 Mariposa or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mariposa, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,192
$2,034
Ownwell’s Mariposa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mariposa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mariposa 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 Mariposa, California
Property taxes in Mariposa, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mariposa is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Mariposa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mariposa 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 Mariposa's effective property tax rate to the national median. For comparison, the 95338 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these areas compare with Mariposa provides valuable insights into the varying tax landscape within the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mariposa Tax Rate
1.02%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mariposa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95338 | 0.93% | 0.98% | 1.02% | 1.02% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Mariposa, California
In Mariposa, 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 Mariposa, 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 Mariposa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mariposa is $214,864, with median tax bills ranging from $1,173 at the 25th percentile to $4,341 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 95338, each at $2,100.
Average Mariposa Assessed Value
$214,864
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 Mariposa, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95338 | $56,893 | $118,308 | $214,864 | $322,989 | $446,470 |
Source: Ownwell
Property Tax Bills Across Mariposa, California
In Mariposa, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value typically reflects the market value of the property. Various factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Mariposa can expect property tax bills to vary significantly, with those in the 25th percentile paying around $1,173, while those in the 75th percentile face bills as high as $3,141. At the 90th percentile, tax bills can reach up to $4,341. The median home price in Mariposa is approximately $214,864, and with a median property tax bill of $2,100, this results in an effective tax rate that is slightly below the national median property tax rate of 0.99%. This tax burden can impact homeowners by influencing their monthly housing costs and overall affordability. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Mariposa Tax Bill
$2,100
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mariposa, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95338 | $580 | $1,173 | $2,100 | $3,141 | $4,341 |
Source: Ownwell