Sausalito, California Property Taxes
The median property tax rate in Sausalito, CA is 1.34%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Sausalito at $800,259, the typical annual property tax bill reaches $10,728, exceeding the national median of $2,690. Property taxes in Sausalito 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 Sausalito'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 Sausalito 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
Sausalito, 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 Sausalito Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sausalito with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sausalito 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 Sausalito, California
Property taxes in Sausalito, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sausalito is 1.34%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Sausalito set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sausalito 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 Sausalito's effective property tax rate to other areas in Marin County and the national median. For comparison, the 94965 zip code has the highest median property tax rate of 1.34%, while the 94937 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Sausalito 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 Sausalito Tax Rate
1.34%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sausalito, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94937 | 1.14% | 1.16% | 1.17% | 1.20% | 1.27% |
| 94965 | 1.16% | 1.24% | 1.34% | 1.56% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Sausalito, California
In Sausalito, 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 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 Sausalito, 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 Sausalito helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Sausalito is $10,739 in the 94965 zip code, while the lowest is $7,893 in the 94937 zip code.
Property Tax Assessment Values Across Sausalito, California
Source: Ownwell
$37,528
$1,404,773
$2,772,017
Average Sausalito Assessed Value
$800,259
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 Sausalito, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94937 | $351,405 | $430,465 | $673,091 | $693,498 | $1,055,200 |
| 94965 | $203,871 | $383,444 | $801,057 | $1,472,731 | $2,340,224 |
Source: Ownwell
Property Tax Bills Across Sausalito, California
In Sausalito, located in Marin County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value. Homeowners in Sausalito can expect their tax bills to fall within a range influenced by their property's assessed value. For instance, the 25th percentile tax bill is around $6,136, while the 75th percentile reaches up to $18,098. At the 90th percentile, homeowners might see tax bills as high as $26,780. Several factors are considered in determining the tax bill, including the property's location, size, and any improvements made. The highest median tax bill in the area is $10,739, found in the 94965 zip code, while the lowest median tax bill is $7,893 in the 94937 zip code. With a median home price of $800,259, the property tax rate in Sausalito has a significant impact on homeowners, often exceeding the national median property tax rate of 0.99%. This can substantially affect the overall cost of homeownership in the region.
Average Sausalito Tax Bill
$10,728
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Sausalito, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94937 | $4,436 | $5,186 | $7,893 | $8,046 | $11,919 |
| 94965 | $4,028 | $6,137 | $10,739 | $18,101 | $26,790 |
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 |