Big Sur, California Property Taxes
The median property tax rate in Big Sur, CA is 1.02%, slightly higher than the national median of 0.99% but lower than California's state median of 1.21%. With the median home value in Big Sur at $990,976, the typical annual property tax bill reaches $9,536, significantly exceeding the national median of $2,690. Property taxes in Big Sur are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Big Sur'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 Big Sur or another part of Monterey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Sur, 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 Big Sur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Sur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Sur 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 Big Sur, California
Property taxes in Big Sur, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Sur is 1.02%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Big Sur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Sur 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 Big Sur's effective property tax rate to other counties in California and the national median. For comparison, the 93920 zip code has the highest median property tax rate of 1.02%, while the 93940 zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Big Sur provides valuable insights into the varying tax landscape across Monterey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Sur Tax Rate
1.02%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Sur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93920 | 0.98% | 1.00% | 1.02% | 1.02% | 1.03% |
| 93940 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Big Sur, California
In Big Sur, 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 Monterey 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 Big Sur, 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. For instance, the median home price in Big Sur is $990,976, with property tax bills ranging significantly. The highest median tax bill is $19,087 in zip code 93940, while the lowest is $9,536 in zip code 93920. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Big Sur Assessed Value
$990,976
Average Monterey County Assessed Value
$410,665
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Sur, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93920 | $216,148 | $421,579 | $966,860 | $2,316,601 | $3,785,325 |
| 93940 | $1,880,917 | $1,880,917 | $1,880,917 | $1,880,917 | $1,880,917 |
Source: Ownwell
Property Tax Bills Across Big Sur, California
In Big Sur, located in Monterey County, CA, property tax bills are calculated based on the assessed value of the property. This value is determined by the county assessor and typically reflects the market value at the time of purchase. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors that influence the tax bill include the property's market value, any exemptions for which the homeowner may qualify, and the specific tax rate set by local jurisdictions. For example, the median home price in Big Sur is $990,976, leading to varying tax bills depending on the assessed value and applicable exemptions. Homeowners in Big Sur can expect tax bills ranging from the 25th percentile at $4,065 to the 90th percentile at $36,684, with the highest median tax bill reaching $19,087 in certain zip codes. These property taxes play a crucial role in funding local services, but they can also be a significant financial consideration for homeowners.
Average Big Sur Tax Bill
$9,536
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Sur, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93920 | $1,854 | $4,128 | $9,536 | $20,777 | $36,831 |
| 93940 | $19,087 | $19,087 | $19,087 | $19,087 | $19,087 |
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 |
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