East Garrison, California Property Taxes
The median property tax rate in East Garrison, CA is 1.59%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in East Garrison at $689,470, the typical annual property tax bill reaches $10,302, far exceeding the national median of $2,690. Property taxes in East Garrison are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Garrison'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 East Garrison or another part of Monterey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Garrison, 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 EAST GARRISON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST GARRISON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST GARRISON 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 East Garrison, California
Property taxes in East Garrison, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Garrison is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Garrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Garrison 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 East Garrison's effective property tax rate to other areas in Monterey County and the national median. For comparison, the 93933 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these areas compare with East Garrison provides valuable insights into the varying tax landscape across Monterey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Garrison Tax Rate
1.59%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Garrison, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93933 | 1.37% | 1.53% | 1.59% | 1.63% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across East Garrison, California
In East Garrison, 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 Monterey 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 East Garrison, 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 East Garrison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 93933, both at $10,302.
Property Tax Assessment Values Across East Garrison, California
Source: Ownwell
$16,130
$2,476,499
$4,936,868
Average East Garrison Assessed Value
$689,470
Average Monterey County Assessed Value
$410,665
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Garrison, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93933 | $532,619 | $576,670 | $689,470 | $801,786 | $871,679 |
Source: Ownwell
Property Tax Bills Across East Garrison, California
In East Garrison, Monterey County, CA, property tax bills are calculated based on the assessed value of the property, which is often derived from the market value. Homeowners in this region face a median home price of $689,470. The tax rate, combined with various local levies and assessments, determines the final tax bill. For instance, the 25th percentile tax bill in East Garrison is approximately $9,108, while the 75th percentile tax bill reaches around $12,302. At the 90th percentile, homeowners can expect to pay about $13,079. These figures indicate that property taxes in East Garrison can vary significantly based on the assessed value and specific local rates. When compared to the national median property tax rate of 0.99%, homeowners in East Garrison may find their tax bills to be on the higher end. This can have a substantial impact on household budgets, influencing decisions on homeownership and financial planning.
Average East Garrison Tax Bill
$10,302
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across East Garrison, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93933 | $8,463 | $9,108 | $10,302 | $12,302 | $13,079 |
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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