Raymond, California Property Taxes
The median property tax rate in Raymond, CA is 0.99%, aligning with the national median but lower than the California state median of 1.21%. With a median home value of $181,315, the typical annual property tax bill in Raymond amounts to $1,716, which is below the national median of $2,690. Property taxes in Raymond are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Raymond'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 Raymond 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
Raymond, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,795
$1,695
Ownwell’s Raymond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raymond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raymond 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 Raymond, California
Property taxes in Raymond, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymond is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Raymond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymond 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 Raymond's effective property tax rate to other regions in Mariposa County and the national median. For comparison, the zip code 93653 has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Raymond 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 Raymond Tax Rate
0.99%
Average Mariposa County Tax Rate
1.02%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | 0.93% | 0.95% | 0.99% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Raymond, California
In Raymond, 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 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 Raymond, 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 Raymond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Raymond is $181,315, with tax bills ranging from $960 at the 25th percentile to $3,431 at the 90th percentile. The highest and lowest median tax bills are both $1,716 in zip code 93653.
Average Raymond Assessed Value
$181,315
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 Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | $62,040 | $101,574 | $181,315 | $300,596 | $351,886 |
Source: Ownwell
Property Tax Bills Across Raymond, California
In Raymond, Mariposa County, CA, property tax bills are calculated based on the assessed value of your home. The assessed value typically starts with the market value at the time of purchase, adjusted annually for inflation and other factors. The median home price in Raymond is $181,315. Property tax rates are applied to this assessed value to determine the tax bill. For example, homeowners in Raymond can expect a tax bill ranging from $960 at the 25th percentile to $2,702 at the 75th percentile, with the 90th percentile reaching up to $3,431. Several factors influence the assessed value, including property improvements, market conditions, and local government policies. These factors ensure that the tax bill reflects the current value of the property, providing a fair contribution to community services like schools and emergency services. Compared to the national median property tax rate of 0.99%, Raymond's property tax bills offer a perspective on local tax burdens and how they impact homeowners financially.
Average Raymond Tax Bill
$1,716
Average Mariposa County Tax Bill
$1,990
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Raymond, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93653 | $631 | $960 | $1,716 | $2,702 | $3,431 |
Source: Ownwell