Morgan Hill, California Property Taxes
The median property tax rate in Morgan Hill, CA is 1.14%, which is considerably higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $766,095, the typical annual property tax bill in Morgan Hill reaches $8,472, significantly exceeding the national median of $2,690. Property taxes in Morgan Hill are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morgan Hill'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 Morgan Hill 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
Morgan Hill, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Morgan Hill, California Tax Savings
Ownwell’s Morgan Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morgan Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morgan Hill 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 Morgan Hill. 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 Morgan Hill, California
Property taxes in Morgan Hill, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morgan Hill is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Morgan Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morgan Hill 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 Morgan Hill's effective property tax rate to other areas in Santa Clara County and the national median. For comparison, the zip code 95037 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these rates compare with Morgan Hill provides valuable insights into the varying tax landscape across Santa Clara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morgan Hill Tax Rate
1.14%
Average Santa Clara County Tax Rate
1.31%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan Hill, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95035 | N/A | N/A | N/A | N/A | N/A |
95037 | 1.12% | 1.13% | 1.14% | 1.15% | 1.19% |
95042 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Morgan Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Morgan Hill, California
In Morgan Hill, 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 Santa Clara 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 Morgan Hill, 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 Morgan Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,473, found in the 95037 zip code.
Property Tax Assessment Values Across Morgan Hill, California
Source: Ownwell
$41,240
$1,437,154
$2,833,068
Average Morgan Hill Assessed Value
$766,095
Average Santa Clara County Assessed Value
$683,381
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan Hill, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95035 | N/A | N/A | N/A | N/A | N/A |
95037 | $212,010 | $446,595 | $766,202 | $1,045,822 | $1,428,000 |
95042 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Morgan Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Morgan Hill, California
In Morgan Hill, Santa Clara County, CA, property tax bills are determined based on the assessed value of your home, which is typically set at the time of purchase and adjusted annually for inflation. The median home price in Morgan Hill is $766,095, and the property tax rate is aligned with the county's guidelines. Homeowners in Morgan Hill can expect a wide range of tax bills, from the 25th percentile at $4,796 to the 90th percentile at $15,591, with the highest median tax bill recorded at $8,473 in the 95037 zip code. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and local tax rates. High property taxes can significantly impact homeowners, making it crucial to ensure accuracy in assessments. Ownwell assists homeowners by providing expert property tax appeal and exemption services, helping to reduce over-assessed values and secure potential savings. By leveraging professional knowledge and experience, Ownwell ensures homeowners pay only their fair share in property taxes, easing the financial burden.
Average Morgan Hill Tax Bill
$8,472
Average Santa Clara County Tax Bill
$8,895
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan Hill, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95035 | N/A | N/A | N/A | N/A | N/A |
95037 | $2,300 | $4,799 | $8,473 | $11,650 | $15,592 |
95042 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Morgan Hill Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
---|---|
Property Valuation Date | January 1 |
Appeal Deadline | September 16 |
Tax Bill | |
Issued | October 1 |
Due Date #1 | December 10 |
Due Date #2 | April 10 |
Links | |
---|---|
Santa Clara Tax Assessor | |
Phone | (408) 299-5372 |
Website | www.sccassessor.org |
dawn.cieslik@asr.sccgov.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.