Tuolumne, Tuolumne County, California Property Taxes
The median property tax rate in Tuolumne, CA is 1.10%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Tuolumne, the typical annual property tax bill reaches $2,351, which is below the national median of $2,690. Property taxes in Tuolumne are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tuolumne'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 Tuolumne 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
Tuolumne, Tuolumne County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,140
$1,986
Ownwell’s Tuolumne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tuolumne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuolumne 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 Tuolumne, Tuolumne County, California
Property taxes in Tuolumne, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuolumne is 1.10%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tuolumne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuolumne 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 Tuolumne's effective property tax rate to other counties in California and the national median. For comparison, the 95379 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Tuolumne provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tuolumne Tax Rate
1.10%
Average Tuolumne County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuolumne, Tuolumne County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | 1.05% | 1.08% | 1.10% | 1.43% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Tuolumne, Tuolumne County, California
In Tuolumne, 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 county's 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 Tuolumne, 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 Tuolumne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tuolumne are both $2,351, found in zip code 95379.
Property Tax Assessment Values Across Tuolumne, Tuolumne County, California
Source: Ownwell
$87,604
$167,340
$247,075
Average Tuolumne Assessed Value
$194,576
Average Tuolumne County Assessed Value
$197,472
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tuolumne, Tuolumne County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | $47,652 | $108,614 | $194,576 | $281,708 | $396,750 |
Source: Ownwell
Property Tax Bills Across Tuolumne, Tuolumne County, California
In Tuolumne, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is often a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the home's location, size, and any applicable exemptions. Homeowners in Tuolumne experience a range of property tax bills. At the 25th percentile, the tax bill is around $1,460, while at the 75th percentile, it rises to approximately $3,268. For those in the 90th percentile, the tax bill can reach up to $4,448. Interestingly, the highest and lowest median tax bills in Tuolumne are both reported at $2,351 in the 95379 zip code. These property taxes are essential for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Tuolumne residents.
Average Tuolumne Tax Bill
$2,351
Average Tuolumne County Tax Bill
$2,219
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuolumne, Tuolumne County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95379 | $902 | $1,460 | $2,351 | $3,268 | $4,448 |
Source: Ownwell