Kensington, California Property Taxes
The median property tax rate in Kensington, CA is 1.52%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Kensington at $742,113, the typical annual property tax bill reaches $11,261, significantly exceeding the national median of $2,690. Property taxes in Kensington 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 Kensington'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 Kensington 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
Kensington, 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 Kensington, California Tax Savings
Ownwell’s Kensington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kensington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kensington 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 Kensington. 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 Kensington, California
Property taxes in Kensington, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kensington is 1.52%, higher than the California state median and the U.S. national median of 0.99%. Local government entities within Kensington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kensington 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 Kensington's effective property tax rate to other areas in Contra Costa County and the national median. For comparison, the 94706 zip code has the highest median property tax rate of 1.75%, while the 94708 zip code has the lowest median tax rate of 1.50%. Understanding how these areas compare with Kensington provides valuable insights into the varying tax landscape across Contra Costa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kensington Tax Rate
1.52%
Average Contra Costa County Tax Rate
1.36%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kensington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | 1.44% | 1.45% | 1.75% | 2.05% | 3.69% |
| 94707 | 1.40% | 1.44% | 1.53% | 1.75% | 2.77% |
| 94708 | 1.40% | 1.43% | 1.50% | 1.80% | 2.99% |
Source: Ownwell
$1,148
Average Kensington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kensington, California
In Kensington, 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 Contra Costa County Assessor 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 Kensington, 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 example, the zip code 94708 has the highest median tax bill at $11,373, while the zip code 94706 has the lowest at $6,876. 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 Kensington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kensington, California
Source: Ownwell
$16,243
$1,002,640
$1,989,037
Average Kensington Assessed Value
$742,113
Average Contra Costa County Assessed Value
$485,124
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kensington, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $67,584 | $212,700 | $392,918 | $995,331 | $1,097,568 |
| 94707 | $117,527 | $356,891 | $731,706 | $1,131,734 | $1,521,228 |
| 94708 | $101,422 | $326,928 | $755,718 | $1,107,984 | $1,492,097 |
Source: Ownwell
$1,148
Average Kensington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kensington, California
In Kensington, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Contra Costa County Assessor's Office. This assessed value is typically a percentage of the market value of the property. With a median home price of $742,113, homeowners in Kensington can expect varying tax bills. For example, the 25th percentile tax bill is around $6,186, while the 75th percentile reaches up to $16,095. The highest median tax bill in the area is $11,373 in the 94708 zip code, compared to the lowest median tax bill of $6,876 in the 94706 zip code. Several factors influence your property tax bill, including property improvements, changes in market value, and local tax rates. High property taxes can significantly impact homeowners, adding thousands of dollars to annual expenses. Ownwell assists homeowners in Kensington by offering property tax appeal and exemption services. Our experts analyze your property’s assessed value and identify opportunities to reduce your tax bill, ensuring you only pay what’s fair. With our help, you can save significantly on your property taxes.
Average Kensington Tax Bill
$11,261
Average Contra Costa County Tax Bill
$6,706
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Kensington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $2,461 | $4,354 | $6,876 | $14,344 | $15,729 |
| 94707 | $3,263 | $6,368 | $11,169 | $16,213 | $21,274 |
| 94708 | $2,990 | $5,833 | $11,373 | $15,963 | $20,833 |
Source: Ownwell
$1,148
Average Kensington 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 | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Contra Costa Tax Assessor | |
| Website | www.contracosta.ca.gov |
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