San Geronimo, California Property Taxes
The median property tax rate in San Geronimo, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Geronimo at $788,023, the typical annual property tax bill reaches $8,900, significantly exceeding the national median of $2,690. Property taxes in San Geronimo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Geronimo'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 San Geronimo 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
San Geronimo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$9,614
$9,081
Ownwell’s San Geronimo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Geronimo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Geronimo 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 San Geronimo, California
Property taxes in San Geronimo, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in San Geronimo is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within San Geronimo set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Geronimo 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 San Geronimo's effective property tax rate to other areas in Marin County and the national median. For comparison, the 94963 zip code has the highest median property tax rate of 1.22%, while the same zip code also represents the lowest median tax rate of 1.22%. Understanding how these areas compare with San Geronimo 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 San Geronimo Tax Rate
1.22%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Geronimo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94963 | 1.12% | 1.16% | 1.22% | 1.34% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across San Geronimo, California
In San Geronimo, 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 San Geronimo, 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 San Geronimo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 94963 has the highest median tax bill at $8,900, which is crucial information for homeowners aiming to understand and manage their property tax obligations.
Property Tax Assessment Values Across San Geronimo, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average San Geronimo Assessed Value
$788,023
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 San Geronimo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94963 | $256,873 | $438,460 | $788,023 | $1,242,790 | $1,885,855 |
Source: Ownwell
Property Tax Bills Across San Geronimo, California
In San Geronimo, property tax bills are determined based on the assessed value of a property, which is influenced by the market value and any applicable exemptions. Homeowners in this region can expect their property taxes to reflect the local rates set by Marin County. With a median home price of $788,023, property taxes can vary significantly. For example, the 25th percentile tax bill is around $5,693, while the 75th percentile tax bill reaches up to $14,856. At the higher end, the 90th percentile tax bill can be as much as $21,703. This variation is influenced by factors such as property improvements, changes in market value, and local tax rates. Compared to the national median property tax rate of 0.99%, San Geronimo's tax bills highlight the region's higher property values and potentially higher tax rates. For homeowners, understanding these factors is crucial for financial planning and managing annual expenses. The highest and lowest median tax bills in the area both stand at $8,900, emphasizing the consistency within the local property tax framework.
Average San Geronimo Tax Bill
$8,900
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across San Geronimo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94963 | $3,578 | $5,693 | $8,900 | $14,856 | $21,703 |
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 |