Greenbrae, California Property Taxes
The median property tax rate in Greenbrae, CA is 1.43%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Greenbrae at $853,628, the typical annual property tax bill reaches $12,285, far exceeding the national median of $2,690. Property taxes in Greenbrae 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 Greenbrae'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 Greenbrae 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
Greenbrae, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$12,207
$11,530
Ownwell’s Greenbrae Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenbrae with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenbrae 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 Greenbrae, California
Property taxes in Greenbrae, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenbrae is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Greenbrae set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenbrae 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 Greenbrae's effective property tax rate to other counties in California and the national median. For comparison, the 94904 zip code has the highest median property tax rate of 1.43%, while the lowest median tax rate is also 1.43%. Understanding how these cities compare with Greenbrae 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 Greenbrae Tax Rate
1.43%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94904 | 1.23% | 1.31% | 1.43% | 1.68% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Greenbrae, California
In Greenbrae, 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 Greenbrae, 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. For instance, the median home price in Greenbrae is $853,628, with annual tax bills ranging from $7,613 at the 25th percentile to $27,457 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greenbrae, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Greenbrae Assessed Value
$853,628
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 Greenbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94904 | $193,853 | $473,695 | $853,628 | $1,531,702 | $2,227,520 |
Source: Ownwell
Property Tax Bills Across Greenbrae, California
In Greenbrae, located in Marin County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is influenced by various factors, including the market value of the property, any improvements made, and the overall condition of the home. Homeowners in Greenbrae face a median home price of $853,628, with property tax rates contributing to significant annual bills. For instance, homeowners at the 25th percentile can expect tax bills around $7,613, while those at the 75th percentile might see bills as high as $20,230. At the 90th percentile, tax bills can reach up to $27,457. The highest and lowest median tax bills in Greenbrae are both recorded at $12,285 in the 94904 zip code. These property taxes, higher than the national median rate of 0.99%, significantly impact homeowners by contributing to their annual financial obligations, which can affect their overall cost of living and long-term financial planning.
Average Greenbrae Tax Bill
$12,285
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94904 | $4,707 | $7,613 | $12,285 | $20,230 | $27,457 |
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 |