Nicasio, California Property Taxes
The median property tax rate in Nicasio, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Nicasio, the typical annual property tax bill reaches $14,768, exceeding the national median of $2,690. Property taxes in Nicasio 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 Nicasio'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 Nicasio 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
Nicasio, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Nicasio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicasio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nicasio 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 Nicasio, California
Property taxes in Nicasio, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nicasio is 1.22%, which is higher than the U.S. national median of 0.99%. Local government entities within Nicasio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nicasio 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 Nicasio's effective property tax rate to other areas in Marin County and the national median. For comparison, the 94963 zip code has the highest median property tax rate of 1.47%, while the 94946 zip code has the lowest median tax rate of 1.22%. Understanding how these areas compare with Nicasio 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 regions.
Average Nicasio Tax Rate
1.22%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nicasio, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94946 | 1.14% | 1.17% | 1.22% | 1.30% | 1.47% |
| 94963 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Nicasio, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nicasio, California. 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. Assessment notices in Nicasio 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 highest median tax bill in Nicasio is $14,840 in zip code 94946, while the lowest is $5,911 in zip code 94963. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nicasio Assessed Value
$1,206,746
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 Nicasio, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94946 | $303,176 | $749,028 | $1,220,430 | $1,910,763 | $2,505,404 |
| 94963 | $401,043 | $401,043 | $401,043 | $401,043 | $401,043 |
Source: Ownwell
Property Tax Bills Across Nicasio, California
Property tax bills in Nicasio, located in Marin County, CA, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For instance, with a median home price of $1,206,746, the tax rate in Nicasio can result in significant tax bills. The median property tax rate in California is generally lower than the national median of 0.99%, but in high-value areas like Nicasio, homeowners can expect substantial tax bills. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, tax bills range from $9,067 at the 25th percentile to $29,434 at the 90th percentile, highlighting the variability based on property value and location within the city. These taxes fund essential public services like schools, infrastructure, and emergency services, impacting homeowners by contributing to the overall quality of life in the community.
Average Nicasio Tax Bill
$14,768
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Nicasio, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94946 | $4,546 | $9,085 | $14,840 | $22,108 | $29,440 |
| 94963 | $5,911 | $5,911 | $5,911 | $5,911 | $5,911 |
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 |