Point Reyes Station, California Property Taxes
The median property tax rate in POINT REYES STATION, CA is 1.17%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in POINT REYES STATION at $590,674, the typical annual property tax bill reaches $6,891, significantly exceeding the national median of $2,690. Property taxes in POINT REYES STATION 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 POINT REYES STATION'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 POINT REYES STATION 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
Point Reyes Station, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$6,911
$6,528
Ownwell’s Point Reyes Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Point Reyes Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Point Reyes Station 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 Point Reyes Station, California
Property taxes in Point Reyes Station, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Point Reyes Station is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Point Reyes Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Point Reyes Station 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 Point Reyes Station's effective property tax rate to other areas in Marin County and the national median. For comparison, the 94956 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Point Reyes Station 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 Point Reyes Station Tax Rate
1.17%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Point Reyes Station, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94956 | 1.11% | 1.13% | 1.17% | 1.28% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Point Reyes Station, California
In Point Reyes Station, 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 Point Reyes Station, 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. The median home price in Point Reyes Station is $590,674, with tax bills ranging from $3,719 at the 25th percentile to $17,976 at the 90th percentile. The zip code 94956 has the highest and lowest median tax bill of $6,891. 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 Point Reyes Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Point Reyes Station, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Point Reyes Station Assessed Value
$590,674
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 Point Reyes Station, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94956 | $100,564 | $293,404 | $590,674 | $1,045,203 | $1,653,072 |
Source: Ownwell
Property Tax Bills Across Point Reyes Station, California
In Point Reyes Station, located in Marin County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically determined by the county assessor and is often influenced by the market value of the home. Homeowners in this area face property tax bills that can vary significantly. For example, the 25th percentile tax bill is $3,719, while the 75th percentile tax bill reaches $11,646. At the higher end, the 90th percentile tax bill can be as much as $17,976. The median home price in Point Reyes Station is $590,674, which is considerably higher than the national median home price. Consequently, homeowners here tend to pay more in property taxes compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the ZIP code 94956 are both $6,891, reflecting a uniformity in tax assessments within this specific area. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Point Reyes Station Tax Bill
$6,891
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Point Reyes Station, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94956 | $1,754 | $3,719 | $6,891 | $11,646 | $17,976 |
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 |