Bishop, Mono County, California Property Taxes
Median Bishop, CA effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Bishop, CA home value: $348,534
Median annual Bishop, CA tax bill: $3,553, $1,153 higher than the national median property tax bill of $2,400.
How are property taxes in Mono County calculated?
Property taxes in Bishop, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bishop’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bishop, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bishop, Mono County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$3,729
$3,461
Property Tax Rates Across Bishop, Mono County, California
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Bishop, located in Mono County, the effective property tax rate is a reflection of this process. The city’s rate aligns with the median property tax rate in California, which stands at 1.07%. This figure is slightly above the national median property tax rate of 1.02%, highlighting the differences between local and national property tax landscapes.
Comparing Bishop's rate to other cities in California, it becomes evident that property tax rates can vary, even within the same state. Understanding these differences is crucial for property owners who wish to manage their tax liabilities effectively. By staying informed about local tax rates, homeowners can better anticipate their annual property tax bills and plan accordingly.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bishop Tax Rate
1.07%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mono County Tax Rate
1.14%
Median Effective California Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bishop, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | 1.01% | 1.03% | 1.07% | 1.11% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Bishop, Mono County, California
When examining property taxes in Bishop, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mono County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Mono County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bishop.
For example, the median home price in Bishop is $348,534, with tax bills ranging significantly across the county. Zip code 93514 has the highest median home price at $348,534.
Property Tax Assessment Values Across Bishop, Mono County, California
Source: Ownwell
$151,073
$384,002
$616,931
Median Bishop Market Value
$348,534
Median Mono County Market Value
$402,900
Median California Market Value
$378,421
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bishop, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $138,614 | $214,610 | $348,534 | $473,028 | $671,611 |
Source: Ownwell
Property Tax Bills Across Bishop, Mono County, California
In Bishop, located in Mono County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the Mono County Assessor's Office. The assessed value is typically a percentage of the property's market value. Homeowners in Bishop face a median property tax bill of $3,553, significantly higher than the national median of $2,400. This discrepancy highlights the financial burden placed on property owners in this region. Factors influencing tax bills include the property's location, size, and any improvements made. The 25th percentile tax bill is $2,185, while the 75th percentile reaches $4,915, showing a wide range of tax liabilities within the area.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing the assessed value and comparing it to similar properties, Ownwell identifies potential discrepancies. This process often results in reduced tax bills, alleviating the financial strain on homeowners. With Ownwell's expertise, property owners in Bishop can potentially save significantly on their property tax obligations.
Median Bishop Tax Bill
$3,553
Median Mono County Tax Bill
$4,319
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Bishop, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $1,294 | $2,185 | $3,553 | $4,915 | $7,117 |
Source: Ownwell