Tiburon, California Property Taxes
The median property tax rate in Tiburon, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Tiburon at $2,004,664, the typical annual property tax bill reaches $23,290, significantly exceeding the national median of $2,690. Property taxes in Tiburon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Tiburon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Tiburon or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tiburon, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$24,056
$22,722
Ownwell’s Tiburon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tiburon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tiburon 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 Tiburon, California
Property taxes in Tiburon, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tiburon is 1.20%, which is higher than the U.S. national median of 0.99%. Local government entities within Tiburon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tiburon 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 Tiburon's effective property tax rate to other regions and the national median. For comparison, the 94920 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Tiburon 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 Tiburon Tax Rate
1.20%
Average Marin County Tax Rate
1.38%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | 0.57% | 1.04% | 1.20% | 1.38% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Tiburon, California
In Tiburon, 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 Tiburon, 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. The median home price in Tiburon is $2,004,664, with tax bills ranging from $14,883 at the 25th percentile to $26,856 at the 90th percentile. The zip code 94920 has both the highest and lowest median tax bill at $23,290. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tiburon Assessed Value
$2,004,664
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 Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $189,266 | $1,367,145 | $2,004,664 | $2,765,500 | $3,162,361 |
Source: Ownwell
Property Tax Bills Across Tiburon, California
In Tiburon, 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 Tiburon can expect to pay property taxes that reflect the high median home price of $2,004,664. The property tax rate in Tiburon is influenced by local levies and voter-approved measures, contributing to the overall tax bill. For homeowners, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $14,883, while at the 75th percentile, it rises to approximately $24,156. Those in the 90th percentile face tax bills as high as $26,856. Compared to the national median property tax rate of 0.99%, Tiburon's property taxes are notably higher, reflecting the area's premium real estate market. This can impact homeowners by increasing their annual expenses, making it crucial for them to plan their finances accordingly.
Average Tiburon Tax Bill
$23,290
Average Marin County Tax Bill
$10,481
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tiburon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $3,063 | $14,883 | $23,290 | $24,156 | $26,856 |
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 |