Carmel, Monterey County, California Property Taxes

Name: Property Tax Bills Across Carmel, Monterey County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Carmel, CA effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Carmel, CA home value: $1,015,544
Median annual Carmel, CA tax bill: $10,715, $8,315 higher than the national median property tax bill of $2,400.

How are property taxes in Monterey calculated?

Property taxes in Carmel, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Carmel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carmel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Carmel, Monterey County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$11,069

$10,272

Ownwell’s Carmel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carmel with just two data points. By entering your property's estimated assessed value, our calculator applies Carmel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monterey. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carmel, Monterey County, California

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Carmel, located in Monterey County, property tax rates reflect this standard procedure. The effective property tax rate in Carmel is slightly above the national median property tax rate of 1.02%. Monterey County, where Carmel resides, sees a range of property tax rates, with some areas experiencing rates as high as 1.12% and others as low as 1.07%. This range highlights the diversity in tax rates that can exist even within a single county. Comparing Carmel's property tax rate to the national and state medians provides valuable insight for homeowners and prospective buyers. Understanding these differences is crucial for making informed decisions about property investments in the area.

Property Tax Rates Across Carmel, Monterey County, California

Source: Ownwell

1.01%

1.38%

1.74%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Carmel Tax Rate

1.09%

Median Effective Monterey County Tax Rate

1.11%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carmel, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93901	1.06%	1.08%	1.11%	1.19%	1.55%
93921	1.03%	1.04%	1.07%	1.13%	1.56%
93923	1.02%	1.04%	1.09%	1.19%	1.43%
93940	0.75%	1.09%	1.12%	1.26%	1.54%
93907	N/A	N/A	N/A	N/A	N/A
93908	N/A	N/A	N/A	N/A	N/A
93922	N/A	N/A	N/A	N/A	N/A
93924	N/A	N/A	N/A	N/A	N/A
93927	N/A	N/A	N/A	N/A	N/A
93950	N/A	N/A	N/A	N/A	N/A
93955	N/A	N/A	N/A	N/A	N/A
93960	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Carmel, Monterey County, California

When examining property taxes in Carmel, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monterey County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. This assessed value is used to calculate your property taxes, as it is multiplied by your tax rate to determine your tax bill. In Monterey County, assessment notices are sent in the spring each year and typically reach your mailbox by the middle of April. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of their property tax bill. For example, the median home price in Carmel is $1,015,544, with tax bills ranging significantly across the county. The zip code 93921 has the highest median home price at $1,555,251.

Property Tax Assessment Values Across Carmel, Monterey County, California

Source: Ownwell

$99,981

$827,616

$1,555,251

Median Carmel Market Value

$1,015,544

Median Monterey County Market Value

$410,665

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carmel, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93901	$538,534	$831,202	$1,212,930	$1,706,739	$3,293,662
93921	$194,796	$426,381	$1,555,251	$2,114,233	$8,544,009
93923	$217,811	$512,887	$998,038	$1,836,000	$3,311,093
93940	$318,973	$395,051	$1,127,940	$1,554,931	$2,027,718
93907	N/A	N/A	N/A	N/A	N/A
93908	N/A	N/A	N/A	N/A	N/A
93922	N/A	N/A	N/A	N/A	N/A
93924	N/A	N/A	N/A	N/A	N/A
93927	N/A	N/A	N/A	N/A	N/A
93950	N/A	N/A	N/A	N/A	N/A
93955	N/A	N/A	N/A	N/A	N/A
93960	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Carmel, Monterey County, California

In Carmel, located in Monterey County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically reflects the market value at the time of purchase, with annual increases capped at a certain percentage to prevent drastic tax hikes. Homeowners in Carmel face property tax bills ranging from the 25th percentile at $5,825 to the 90th percentile at $32,956, with a notable high median tax bill of $17,816 in zip code 93921. This is significantly higher than the national median property tax bill of $2,400, illustrating the financial burden on homeowners in this area. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, ensuring that their property is not over-assessed. By leveraging local market data and assessment practices, Ownwell helps homeowners potentially reduce their tax liabilities, offering peace of mind and financial savings in a region where property tax bills can be substantial.

Property Tax Bills Across Carmel, Monterey County, California

Source: Ownwell

$1,623

$9,720

$17,816

Median Carmel Tax Bill

$10,715

Median Monterey County Tax Bill

$4,500

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Carmel, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93901	$6,515	$9,896	$14,257	$18,450	$34,582
93921	$2,735	$4,572	$17,816	$22,568	$88,090
93923	$2,889	$5,771	$10,506	$18,606	$33,433
93940	$4,381	$5,368	$11,372	$15,598	$17,347
93907	N/A	N/A	N/A	N/A	N/A
93908	N/A	N/A	N/A	N/A	N/A
93922	N/A	N/A	N/A	N/A	N/A
93924	N/A	N/A	N/A	N/A	N/A
93927	N/A	N/A	N/A	N/A	N/A
93950	N/A	N/A	N/A	N/A	N/A
93955	N/A	N/A	N/A	N/A	N/A
93960	N/A	N/A	N/A	N/A	N/A

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