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Kensington, California Property Taxes

The median property tax rate in Kensington, CA is 2.99%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Kensington at $583,278, the typical annual property tax bill reaches $10,746, exceeding the national median of $2,690. Property taxes in Kensington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Kensington'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 Kensington 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

Kensington, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

2.99%

Estimate Property Tax Bill

$17,440

$16,470

SAVE WITH OWNWELL

$1,148

Average Kensington, California Tax Savings

Ownwell’s Kensington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kensington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kensington to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Kensington. 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 Kensington, California

Property taxes in Kensington, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kensington is 2.99%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Kensington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kensington 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 Kensington's effective property tax rate to other areas in California and the national median. For comparison, the 94708 zip code has the highest median property tax rate of 2.99%, while the same 94708 zip code also has the lowest median tax rate of 2.99%. Understanding how these cities compare with Kensington provides valuable insights into the varying tax landscape across Alameda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Kensington, California

Source: Ownwell

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1.12%

2.06%

2.99%

Average Kensington Tax Rate

2.99%

Average Alameda County Tax Rate

1.45%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Kensington, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
947081.51%1.52%2.99%4.56%4.75%

Source: Ownwell

Property Tax Assessment Values Across Kensington, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kensington, CA. 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 Alameda 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. 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 Kensington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kensington stands at $583,278, with tax bills ranging from $5,241 at the 25th percentile to $32,076 at the 90th percentile. The zip code 94708 has both the highest and lowest median tax bill at $10,746.

Property Tax Assessment Values Across Kensington, California

Source: Ownwell

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$166,630

$941,789

$1,716,948

Average Kensington Assessed Value

$583,278

Average Alameda County Assessed Value

$508,791

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Kensington, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94708$109,595$109,794$583,278$1,442,490$2,136,996

Source: Ownwell

Property Tax Bills Across Kensington, California

In Kensington, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Alameda County Assessor's Office. Factors such as recent sales data, property improvements, and market trends influence this assessed value. Homeowners in Kensington face a substantial range in property tax bills, with the 25th percentile at $5,241 and the 90th percentile reaching up to $32,076. This variability can significantly impact a homeowner's annual budget. Given that the national median property tax rate is 0.99%, Kensington's property tax rates can be quite burdensome, especially when compared to the national average. This is where Ownwell steps in to help. By offering expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their assessed values, thereby reducing their tax bills. With a deep understanding of local tax laws and market conditions, Ownwell can effectively advocate on behalf of homeowners, ensuring they pay no more than their fair share.

Property Tax Bills Across Kensington, California

Source: Ownwell

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$2,030

$13,646

$25,262

Average Kensington Tax Bill

$10,746

Average Alameda County Tax Bill

$7,523

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Kensington, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94708$5,023$5,241$10,746$21,824$32,076

Source: Ownwell

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