Corte Madera, California Property Taxes
The median property tax rate in Corte Madera, CA is 1.33%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Corte Madera at $873,263, the typical annual property tax bill reaches $11,308, exceeding the national median of $2,690. Property taxes in Corte Madera 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 Corte Madera'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 Corte Madera 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
Corte Madera, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$11,614
$10,970
Ownwell’s Corte Madera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corte Madera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corte Madera 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 Corte Madera, California
Property taxes in Corte Madera, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corte Madera is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Corte Madera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corte Madera 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 Corte Madera's effective property tax rate to other counties in California and the national median. For comparison, the 94925 zip code has the highest median property tax rate of 1.33%, while the 94925 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Corte Madera 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 Corte Madera Tax Rate
1.33%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corte Madera, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94925 | 1.18% | 1.25% | 1.33% | 1.53% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Corte Madera, California
In Corte Madera, 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 Corte Madera, 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 Corte Madera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the region is $873,263, with the highest and lowest median tax bills both reported at $11,308 in the 94925 zip code.
Property Tax Assessment Values Across Corte Madera, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Corte Madera Assessed Value
$873,263
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 Corte Madera, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94925 | $159,384 | $429,707 | $873,263 | $1,396,183 | $1,912,798 |
Source: Ownwell
Property Tax Bills Across Corte Madera, California
In Corte Madera, located in Marin County, CA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and typically reflects the market value of the property. Homeowners in Corte Madera face property tax rates that can significantly impact their annual expenses. For instance, the median home price in the area is $873,263. Given the local property tax rates, homeowners can expect a tax bill ranging from $6,221 at the 25th percentile to $22,490 at the 90th percentile. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Notably, the highest median tax bill in the area is $11,308, which is significantly higher than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, but they can also pose a financial challenge for homeowners, particularly those with higher-valued properties.
Average Corte Madera Tax Bill
$11,308
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Corte Madera, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94925 | $3,499 | $6,221 | $11,308 | $17,027 | $22,490 |
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 |