Hammil Valley, Mono County, California Property Taxes
Median Hammil Valley, CA effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Hammil Valley, CA home value: $348,022
Median annual Hammil Valley, CA tax bill: $3,610, $1,210 higher than the national median property tax bill of $2,400.
How are property taxes in Mono County calculated?
Property taxes in Hammil Valley, 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 Hammil Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hammil Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hammil Valley, Mono County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$3,619
$3,359
Property Tax Rates Across Hammil Valley, Mono County, California
Local government entities are responsible for setting property tax rates, and these can differ significantly within California. Each year, Mono County determines its necessary budget to fund local services and divides this by the total value of all taxable property in its area. This calculation is what establishes the property tax rate. Though the process involves votes and legal guidelines, this is how it essentially works annually.
In Hammil Valley, located in Mono County, the effective property tax rate is comparable to other cities in California. The median property tax rate for the state stands at 1.04%, which is slightly above the national median of 1.02%. This means that property owners in Hammil Valley might find their tax rates marginally higher than the national average, yet aligned with state norms. By understanding these rates, property owners can better anticipate their annual tax bills and explore potential savings through appeals or exemptions.
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 Hammil Valley Tax Rate
1.04%
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 Hammil Valley, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | 0.92% | 1.03% | 1.04% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Hammil Valley, Mono County, California
When examining property taxes in Hammil Valley, 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 appraisal district 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 Hammil Valley.
For example, the median home price in Hammil Valley is $348,022, with tax bills ranging significantly across the county. Zip code 93514 has the highest median home price at $348,022.
Property Tax Assessment Values Across Hammil Valley, Mono County, California
Source: Ownwell
$151,073
$384,002
$616,931
Median Hammil Valley Market Value
$348,022
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 Hammil Valley, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $182,994 | $233,377 | $348,022 | $522,098 | $612,788 |
Source: Ownwell
Property Tax Bills Across Hammil Valley, Mono County, California
In Hammil Valley, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Mono County Assessor's Office. The assessed value is typically a percentage of the property's market value, with the current median home price in the area being $348,022. Homeowners in Hammil Valley face property tax bills that can vary significantly, with the 25th percentile at $2,422 and the 90th percentile reaching $5,885. The median property tax bill in this region stands at $3,610, notably higher than the national median of $2,400, due to California's unique tax policies and higher property values.
Factors such as property improvements, location, and market trends can influence the assessed value and, consequently, the tax bill. For homeowners, these taxes can represent a significant financial burden. Ownwell helps homeowners in Hammil Valley by offering property tax appeal and exemption services, potentially reducing their tax bills. By leveraging local expertise and understanding the nuances of property assessments, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.
Median Hammil Valley Tax Bill
$3,610
Median Mono County Tax Bill
$4,319
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Hammil Valley, Mono County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $1,962 | $2,422 | $3,610 | $4,572 | $5,885 |
Source: Ownwell