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San Marino, California Property Taxes

The median property tax rate in San Marino, CA is 1.21%, considerably higher than the national median of 0.99%. With the median home value in San Marino at $1,405,711, the typical annual property tax bill reaches $16,757, far exceeding the national median of $2,690. Property taxes in San Marino 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 San Marino'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 San Marino 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

San Marino, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.21%

Estimate Property Tax Bill

$17,009

$15,784

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s San Marino Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Marino with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Marino 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 San Marino. 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 San Marino, California

Property taxes in San Marino, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Marino is 1.21%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within San Marino set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Marino 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 San Marino's effective property tax rate to other counties in California and the national median. For comparison, the 91108 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with San Marino provides valuable insights into the varying tax landscape across Los Angeles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across San Marino, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average San Marino Tax Rate

1.21%

Average Los Angeles County Tax Rate

1.24%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across San Marino, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
911081.13%1.16%1.21%1.32%1.59%

Source: Ownwell

Property Tax Assessment Values Across San Marino, California

In San Marino, 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 Los Angeles 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 San Marino, 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. San Marino's median home price is $1,405,711, with tax bills ranging from $10,116 at the 25th percentile to $36,849 at the 90th percentile. The highest and lowest median tax bills are both $16,757 in the 91108 zip code. Being aware of these valuation processes in San Marino helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across San Marino, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average San Marino Assessed Value

$1,405,711

Average Los Angeles County Assessed Value

$434,238

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across San Marino, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91108$324,979$789,822$1,405,711$2,269,500$3,280,445

Source: Ownwell

Property Tax Bills Across San Marino, California

In San Marino, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home, which is often significantly lower than the market value. The median home price in San Marino is $1,405,711, and property tax rates are applied to this assessed value. For instance, the 25th percentile tax bill is around $10,116, while the 75th percentile tax bill reaches $25,973, and the 90th percentile tax bill can soar to $36,849. These figures highlight the substantial impact property taxes can have on homeowners' finances. Factors such as property improvements, market conditions, and local tax rates influence the assessed value. This can result in significant annual tax bills that can strain household budgets. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their assessed values and save on their tax bills. By leveraging local expertise and a deep understanding of tax regulations, Ownwell can effectively advocate for fairer property assessments, ensuring homeowners in San Marino pay only their fair share.

Property Tax Bills Across San Marino, California

Source: Ownwell

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$823

$26,956

$53,089

Average San Marino Tax Bill

$16,757

Average Los Angeles County Tax Bill

$5,343

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across San Marino, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91108$5,074$10,116$16,757$25,973$36,849

Source: Ownwell

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