June Lake, California Property Taxes
The median property tax rate in June Lake, CA, is 1.05%, 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 $368,935, the typical annual property tax bill in June Lake reaches $3,710, surpassing the national median of $2,690. Property taxes in June Lake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding June Lake'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 June Lake 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
June Lake, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,874
$3,658
Ownwell’s June Lake Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in June Lake with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in June Lake to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial commitments. For those interested in more detailed trends at the neighborhood level, scroll down for localized information. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across June Lake, California
Property taxes in June Lake, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in June Lake is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within June Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, June Lake 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 June Lake's effective property tax rate to other areas within Mono County and the national median. For comparison, the zip code 93529 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these rates compare with June Lake provides valuable insights into the varying tax landscape across Mono County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average June Lake Tax Rate
1.05%
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across June Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93529 | 1.03% | 1.04% | 1.05% | 1.07% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across June Lake, California
In June Lake, 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 Mono 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 June Lake, 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 June Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In June Lake, the median home price is $368,935, with property tax bills ranging from $2,387 at the 25th percentile to $8,595 at the 90th percentile. The highest and lowest median tax bills are both $3,710, found in the 93529 zip code.
Average June Lake Assessed Value
$368,935
Average Mono County Assessed Value
$402,900
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across June Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93529 | $154,194 | $229,957 | $368,935 | $614,112 | $851,355 |
Source: Ownwell
Property Tax Bills Across June Lake, California
In June Lake, located in Mono County, CA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the property's market value. The local property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in June Lake see varying tax bills, with the 25th percentile at $2,387 and the 75th percentile reaching $6,120. At the 90th percentile, tax bills can be as high as $8,595. The median home price in June Lake is $368,935, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, June Lake's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding how these factors interplay is crucial for homeowners to manage their financial planning and anticipate annual costs.
Average June Lake Tax Bill
$3,710
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across June Lake, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93529 | $1,581 | $2,387 | $3,710 | $6,120 | $8,595 |
Source: Ownwell