Mill Valley, Marin County, California Property Taxes
Median Mill Valley, CA effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Mill Valley, CA home value: $1,052,672
Median annual Mill Valley, CA tax bill: $14,747, $12,347 higher than the national median property tax bill of $2,400.
How are property taxes in Marin calculated?
Property taxes in Mill Valley, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mill Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mill Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mill Valley, Marin County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$14,843
$13,774
Property Tax Rates Across Mill Valley, Marin County, California
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Mill Valley, located in Marin County, CA, the effective property tax rate is a point of comparison to other cities in California. With a median property tax rate of 1.41%, Mill Valley stands out against the national median property tax rate of 1.02%. This higher rate reflects the county's budgeting needs and property values. Mill Valley’s property tax rate is consistent, as it shares the same rate across its zip code, 94941.
Understanding these rates is crucial for property owners, as they directly impact annual property tax bills, which are often higher than the national median of $2,400. By being informed, property owners can better navigate the complexities of property tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mill Valley Tax Rate
1.41%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Marin County Tax Rate
1.38%
Median Effective California Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mill Valley, Marin County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94941 | 1.18% | 1.26% | 1.41% | 1.68% | 2.32% |
| 94924 | N/A | N/A | N/A | N/A | N/A |
| 94972 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mill Valley, Marin County, California
When examining property taxes in Mill Valley, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Marin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Marin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mill Valley. For example, the median home price in Mill Valley is $1,052,672, with tax bills ranging significantly across the county. The zip code 94941 has the highest median home price at $1,055,759.
Property Tax Assessment Values Across Mill Valley, Marin County, California
Source: Ownwell
$403,706
$1,390,435
$2,377,164
Median Mill Valley Market Value
$1,052,672
Median Marin County Market Value
$766,131
Median California Market Value
$378,421
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mill Valley, Marin County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94941 | $221,586 | $537,952 | $1,055,759 | $1,760,816 | $2,610,230 |
| 94924 | N/A | N/A | N/A | N/A | N/A |
| 94972 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mill Valley, Marin County, California
Median Mill Valley Tax Bill
$14,747
Median Marin County Tax Bill
$10,481
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Mill Valley, Marin County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94941 | $5,241 | $8,690 | $14,774 | $22,315 | $31,237 |
| 94924 | N/A | N/A | N/A | N/A | N/A |
| 94972 | N/A | N/A | N/A | N/A | N/A |
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 |