Carmel Valley, Monterey County, California Property Taxes

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

Median Carmel Valley, CA effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Carmel Valley, CA home value: $750,538
Median annual Carmel Valley, CA tax bill: $7,653, $5,253 higher than the national median property tax bill of $2,400.

How are property taxes in Monterey calculated?

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

Last Updated March 1, 2025

Carmel Valley, Monterey County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$7,881

$7,313

Ownwell’s Carmel Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carmel Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Carmel Valley’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carmel Valley, Monterey County, California

Local government entities determine property tax rates, which can significantly differ across California. Each year, counties like Monterey calculate their budget needs for public services and divide this by the total assessed value of all taxable properties. This process establishes the property tax rate. While votes and regulations play a role in setting these rates and budgets, this is essentially how the system functions annually. In Carmel Valley, located in Monterey County, the effective property tax rate is a point of interest, especially when compared to other cities in California and the national median property tax rate. The median property tax rate in California is slightly above the national rate, reflecting the state's unique economic landscape and funding requirements. By understanding these differences, property owners in Carmel Valley can better navigate their tax responsibilities and explore opportunities for appeals or exemptions. This knowledge empowers residents to make informed decisions about their property taxes, ensuring they only pay their fair share.

Property Tax Rates Across Carmel Valley, 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 Valley Tax Rate

1.05%

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 Valley, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93924	1.03%	1.04%	1.05%	1.09%	1.14%
93923	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Carmel Valley, Monterey County, California

When examining property taxes in Carmel Valley, 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 appraisal district 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. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Monterey County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Carmel Valley. For example, the median home price in Carmel Valley is $750,538, with tax bills ranging significantly across the county. Zip code 93924 has the highest median home price at $751,584.

Property Tax Assessment Values Across Carmel Valley, Monterey County, California

Source: Ownwell

$99,981

$827,616

$1,555,251

Median Carmel Valley Market Value

$750,538

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 Valley, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93924	$189,557	$405,131	$751,584	$1,192,330	$1,763,416
93923	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Carmel Valley, Monterey County, California

In Carmel Valley, located in Monterey County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Carmel Valley face a median tax bill of $7,660, significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's location, size, and any improvements made. Higher property values in the area contribute to the elevated tax bills, with the 90th percentile reaching as much as $17,823.

Such high property taxes can strain homeowners' finances, making it crucial to explore options for reducing these costs. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax liabilities. Our team of experienced consultants reviews property assessments to identify discrepancies and opportunities for savings, ensuring homeowners in Carmel Valley do not overpay on their property taxes.

Property Tax Bills Across Carmel Valley, Monterey County, California

Source: Ownwell

$1,623

$9,720

$17,816

Median Carmel Valley Tax Bill

$7,653

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 Valley, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93924	$2,033	$4,223	$7,660	$12,063	$17,824
93923	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

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