Muir Beach, California Property Taxes
The median property tax rate in Muir Beach, 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 Muir Beach at $1,088,214, the typical annual property tax bill reaches $13,742, exceeding the national median of $2,690. Property taxes in Muir 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 Muir 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 Muir 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
Muir Beach, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Muir Beach Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Muir Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muir 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 Muir Beach, California
Property taxes in Muir 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 Muir Beach is 1.23%, higher than the U.S. national median of 0.99%. Local government entities within Muir Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muir 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 Muir Beach's effective property tax rate to other areas in California and the national median. For comparison, the 94965 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Muir 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 Muir Beach 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 Muir Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94965 | 1.12% | 1.16% | 1.23% | 1.34% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Muir Beach, California
In Muir 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 Muir 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 Muir Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Muir Beach is $1,088,214, with the 25th percentile tax bill at $7,277 and the 75th percentile tax bill at $20,151. The highest and lowest median tax bills are both $13,742 in the 94965 zip code.
Property Tax Assessment Values Across Muir Beach, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Muir Beach Assessed Value
$1,088,214
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 Muir Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94965 | $168,457 | $554,833 | $1,088,214 | $1,746,364 | $2,257,030 |
Source: Ownwell
Property Tax Bills Across Muir Beach, California
In Muir Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Marin County Assessor's Office. This assessed value is typically a percentage of the property's market value. For homeowners in Muir Beach, the median home price stands at $1,088,214, which significantly influences the tax bill. The property tax rate in Muir Beach is applied to the assessed value to determine the annual tax bill. Factors such as the property's location, improvements, and any applicable exemptions play a role in this calculation. For instance, the 25th percentile tax bill in Muir Beach is $7,277, while the 75th percentile tax bill reaches $20,151, and the 90th percentile tax bill can go up to $26,653. These tax bills can have a substantial impact on homeowners, affecting their overall cost of living. Compared to the national median property tax rate of 0.99%, Muir Beach's property taxes can be considerably higher, reflecting the area's high property values.
Average Muir Beach Tax Bill
$13,742
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Muir Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94965 | $3,009 | $7,277 | $13,742 | $20,151 | $26,653 |
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 |