Belvedere, California Property Taxes
The median property tax rate in Belvedere, CA is 1.30%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Belvedere at $1,966,179, the typical annual property tax bill reaches $25,472, far exceeding the national median of $2,690. Property taxes in Belvedere 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 Belvedere'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 Belvedere 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
Belvedere, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Belvedere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Belvedere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belvedere to estimate your property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in more granular insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value is determined by Marin County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Belvedere, California
Property taxes in Belvedere, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Belvedere is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Belvedere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belvedere 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 Belvedere's effective property tax rate to other counties in California and the national median. For comparison, the 94920 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Belvedere provides valuable insights into the varying tax landscape across Marin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belvedere Tax Rate
1.30%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belvedere, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | 1.16% | 1.17% | 1.30% | 1.54% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Belvedere, California
In Belvedere, 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 Marin 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 Belvedere, 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 Belvedere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Belvedere are both $25,472, found in the 94920 zip code.
Property Tax Assessment Values Across Belvedere, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Belvedere Assessed Value
$1,966,179
Average Marin County Assessed Value
$766,131
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belvedere, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $455,745 | $838,610 | $1,966,179 | $5,078,492 | $6,542,267 |
Source: Ownwell
Property Tax Bills Across Belvedere, California
In Belvedere, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Marin County Assessor’s Office. The assessed value typically starts with the market value at the time of purchase and is subject to annual adjustments for inflation, not exceeding 2% per year under California's Proposition 13. Homeowners in Belvedere face a median home price of $1,966,179, resulting in significant property tax bills. The property tax rate in Belvedere aligns closely with the national median of 0.99%, but due to high property values, tax bills can be substantial. For instance, the 25th percentile tax bill is $13,156, while the 75th percentile reaches $58,575, and the 90th percentile can soar to $75,373. The highest and lowest median tax bills in the area are both $25,472, indicating a relatively uniform tax burden across different parts of the city. These high tax bills can significantly impact homeowners, influencing decisions on purchasing and maintaining homes in this affluent area.
Average Belvedere Tax Bill
$25,472
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Belvedere, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $9,686 | $13,156 | $25,472 | $58,575 | $75,373 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Marin Tax Assessor | |
| Website | apps.marincounty.org |