Bolinas, California Property Taxes
The median property tax rate in Bolinas, CA is 1.51%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Bolinas at $583,692, the typical annual property tax bill reaches $8,395, exceeding the national median of $2,690. Property taxes in Bolinas 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 Bolinas'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 Bolinas 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
Bolinas, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$8,814
$8,325
Ownwell’s Bolinas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bolinas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bolinas 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 Bolinas, California
Property taxes in Bolinas, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolinas is 1.51%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bolinas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bolinas 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 Bolinas's effective property tax rate to other counties in California and the national median. For comparison, the 94924 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Bolinas 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 Bolinas Tax Rate
1.51%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bolinas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94924 | 1.12% | 1.26% | 1.51% | 2.09% | 3.70% |
Source: Ownwell
Property Tax Assessment Values Across Bolinas, California
In Bolinas, 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's Office 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 Bolinas, 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 Bolinas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bolinas are both $8,395 in the zip code 94924.
Average Bolinas Assessed Value
$583,692
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 Bolinas, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94924 | $111,948 | $238,399 | $583,692 | $1,109,564 | $2,002,516 |
Source: Ownwell
Property Tax Bills Across Bolinas, California
In Bolinas, Marin County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the purchase price and then adjusted annually for inflation. This assessed value is multiplied by the local property tax rate to determine the tax bill. The median home price in Bolinas is $583,692, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $5,006, while the 75th percentile tax bill reaches $13,655. At the higher end, the 90th percentile tax bill can soar to $22,927. These tax bills are influenced by various factors, including the home's market value, local tax rates, and any applicable exemptions or deductions. The impact on homeowners can be substantial, especially when compared to the national median property tax rate of 0.99%. In Bolinas, the highest and lowest median tax bills both stand at $8,395, indicating a consistent tax landscape within the zip code 94924. Homeowners must budget for these taxes, as they form a significant part of annual homeownership costs.
Average Bolinas Tax Bill
$8,395
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bolinas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94924 | $3,701 | $5,006 | $8,395 | $13,655 | $22,927 |
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 |