Dillon Beach, California Property Taxes
The median property tax rate in Dillon Beach, CA is 1.29%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Dillon Beach, the typical annual property tax bill reaches $9,837, exceeding the national median of $2,690. Property taxes in Dillon Beach 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 Dillon Beach'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 Dillon Beach 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
Dillon Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$9,806
$9,262
Ownwell’s Dillon Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dillon Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dillon Beach 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 Dillon Beach, California
Property taxes in Dillon Beach, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dillon Beach is 1.29%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Dillon Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dillon Beach 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 Dillon Beach's effective property tax rate to other areas in Marin County and the national median. For comparison, the zip code 94929 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Dillon Beach 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 Dillon Beach Tax Rate
1.29%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dillon Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94929 | 1.17% | 1.23% | 1.29% | 1.40% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Dillon Beach, California
In Dillon Beach, 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. In Dillon Beach, 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. Being aware of these valuation processes in Dillon Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 94929, with a median tax bill of $9,837.
Property Tax Assessment Values Across Dillon Beach, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Dillon Beach Assessed Value
$760,142
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 Dillon Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94929 | $244,224 | $485,095 | $760,142 | $1,040,208 | $1,310,929 |
Source: Ownwell
Property Tax Bills Across Dillon Beach, California
In Dillon Beach, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the Marin County Assessor's Office and typically reflects the market value at the time of purchase, with annual adjustments for inflation not exceeding 2% per year under California's Proposition 13. The property tax rate in Dillon Beach is influenced by state and local tax levies, which fund public services such as schools, infrastructure, and emergency services. Homeowners in Dillon Beach can expect to pay a median tax bill of around $9,837, which is significantly higher than the national median property tax rate of 0.99%. For example, those in the 25th percentile pay approximately $6,673, while those in the 75th percentile face bills around $13,043. High-value properties can see tax bills reach up to $15,790. This considerable range highlights the impact of property values and local tax rates on individual tax bills, making it essential for homeowners to understand their assessed values and potential exemptions.
Average Dillon Beach Tax Bill
$9,837
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Dillon Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94929 | $3,546 | $6,673 | $9,837 | $13,043 | $15,790 |
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 |