Swall Meadows, California Property Taxes
The median property tax rate in Swall Meadows, CA is 1.10%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $457,018 in Swall Meadows, the typical annual property tax bill reaches $5,021, significantly exceeding the national median of $2,690. Property taxes in Swall Meadows 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 Swall Meadows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Swall Meadows or another part of Mono County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swall Meadows, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$5,027
$4,665
Ownwell’s Swall Meadows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swall Meadows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swall Meadows 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 Mono County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Swall Meadows, California
Property taxes in Swall Meadows, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swall Meadows is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Swall Meadows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swall Meadows 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 Swall Meadows' effective property tax rate to other counties in California and the national median. For comparison, the 93514 zip code has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Swall Meadows 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 Swall Meadows Tax Rate
1.10%
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swall Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | 0.77% | 1.05% | 1.10% | 1.12% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Swall Meadows, California
In Swall Meadows, 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 Swall Meadows, 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 Swall Meadows helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 93514, both at $5,021, highlighting the uniformity in this region.
Property Tax Assessment Values Across Swall Meadows, California
Source: Ownwell
$16,538
$316,735
$616,931
Average Swall Meadows Assessed Value
$457,018
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 Swall Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $343,611 | $371,876 | $457,018 | $1,163,335 | $1,228,440 |
Source: Ownwell
Property Tax Bills Across Swall Meadows, California
In Swall Meadows, located in Mono County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $457,018, homeowners can expect varying tax bills. The 25th percentile tax bill is around $4,400, while the 75th percentile reaches approximately $6,789. At the higher end, the 90th percentile tax bill is about $10,713. Factors such as property improvements, market conditions, and local levies can influence the assessed value. These tax bills significantly impact homeowners, as they represent a considerable annual expense. Compared to the national median property tax rate of 0.99%, the property tax rates in Swall Meadows can be quite impactful, especially given the higher property values in the region. This can affect affordability and financial planning for residents.
Average Swall Meadows Tax Bill
$5,021
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Swall Meadows, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93514 | $4,254 | $4,400 | $5,021 | $6,789 | $10,713 |
Source: Ownwell