Belvedere Tiburon, California Property Taxes
The median property tax rate in Belvedere Tiburon, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Belvedere Tiburon, the typical annual property tax bill reaches $21,117, far exceeding the national median of $2,690. Property taxes in Belvedere Tiburon 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 Belvedere Tiburon'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 Belvedere Tiburon 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
Belvedere Tiburon, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$21,622
$20,423
Ownwell’s Belvedere Tiburon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belvedere Tiburon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belvedere Tiburon 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 Belvedere Tiburon, California
Property taxes in Belvedere Tiburon, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belvedere Tiburon is 1.23%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Belvedere Tiburon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belvedere Tiburon 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 Belvedere Tiburon's effective property tax rate to other counties in California and the national median. For comparison, the 94920 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Belvedere Tiburon 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 Belvedere Tiburon Tax Rate
1.23%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belvedere Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | 1.11% | 1.15% | 1.23% | 1.39% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Belvedere Tiburon, California
In Belvedere Tiburon, 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. 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. In Belvedere Tiburon, the median home price is $1,757,922, and the median tax bill is $21,117. The zip code 94920 records both the highest and lowest median tax bills at $21,117. 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 Belvedere Tiburon, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Belvedere Tiburon Assessed Value
$1,757,922
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 Belvedere Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $315,570 | $821,652 | $1,757,922 | $3,050,350 | $4,578,697 |
Source: Ownwell
Property Tax Bills Across Belvedere Tiburon, California
In Belvedere Tiburon, located in Marin County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the purchase price and adjusted annually for inflation. This assessed value is then multiplied by the local property tax rate. The median home price in Belvedere Tiburon is $1,757,922, significantly higher than the national median. Consequently, property tax bills in this area are also higher. For example, the tax bill at the 25th percentile is $11,034, while at the 75th percentile, it rises to $35,127. At the 90th percentile, homeowners can expect to pay around $50,651. The highest median tax bill in the area is $21,117, found in the 94920 zip code. These figures highlight the substantial financial commitment required for homeownership in this affluent region. Homeowners must consider these high property taxes when budgeting for their annual expenses, as they can significantly impact their overall financial planning.
Average Belvedere Tiburon Tax Bill
$21,117
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Belvedere Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $5,660 | $11,034 | $21,117 | $35,127 | $50,651 |
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 |