Tomales, California Property Taxes
The median property tax rate in Tomales, CA is 1.42%, significantly higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Tomales at $447,601, the typical annual property tax bill reaches $6,230, far exceeding the national median of $2,690. Property taxes in Tomales 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 Tomales'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 Tomales 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
Tomales, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$6,356
$6,003
Ownwell’s Tomales Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tomales with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tomales 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 Tomales, California
Property taxes in Tomales, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tomales is 1.42%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tomales set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tomales 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 Tomales' effective property tax rate to other counties in California and the national median. For comparison, the 94971 zip code has the highest median property tax rate of 1.42%, while the same 94971 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Tomales 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 Tomales Tax Rate
1.42%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tomales, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94971 | 1.15% | 1.26% | 1.42% | 1.70% | 4.10% |
Source: Ownwell
Property Tax Assessment Values Across Tomales, California
In Tomales, 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 Tomales, 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 Tomales helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 94971 has the highest and lowest median tax bill at $6,230.
Average Tomales Assessed Value
$447,601
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 Tomales, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94971 | $52,754 | $264,206 | $447,601 | $761,519 | $1,055,588 |
Source: Ownwell
Property Tax Bills Across Tomales, California
In Tomales, located in Marin County, CA, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the county assessor and typically reflects the market value of the property at the time of purchase. The property tax rate in Tomales is influenced by the state’s tax laws, local government budgets, and voter-approved measures. Homeowners in Tomales experience a range of property tax bills. For example, the 25th percentile tax bill is around $4,317, while the 75th percentile tax bill reaches up to $9,738. At the higher end, the 90th percentile tax bill can be as much as $12,777. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in Marin County. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Tomales.
Average Tomales Tax Bill
$6,230
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tomales, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94971 | $1,994 | $4,317 | $6,230 | $9,738 | $12,777 |
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 |