Greenfield, California Property Taxes
The median property tax rate in Greenfield, CA is 1.29%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Greenfield at $229,754, the typical annual property tax bill reaches $2,941, exceeding the national median of $2,690. Property taxes in Greenfield 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 Greenfield'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 Greenfield 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
Greenfield, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,964
$2,799
Ownwell’s Greenfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenfield 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 Greenfield, California
Property taxes in Greenfield, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenfield is 1.29%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Greenfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenfield 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 Greenfield's effective property tax rate to other regions in California and the national median. For comparison, the 93927 zip code has the highest median property tax rate of 1.29%, while the lowest median tax rate is also 1.29% in the same zip code. Understanding how these cities compare with Greenfield 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 Greenfield Tax Rate
1.29%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenfield, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | 1.19% | 1.24% | 1.29% | 1.39% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Greenfield, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenfield, California. 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 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 Greenfield, 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 Greenfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93927 has the highest median tax bill at $2,946, providing a benchmark for homeowners in the area.
Property Tax Assessment Values Across Greenfield, California
Source: Ownwell
$16,130
$2,476,499
$4,936,868
Average Greenfield Assessed Value
$229,754
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 Greenfield, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | $110,608 | $156,685 | $229,754 | $352,283 | $490,186 |
Source: Ownwell
Property Tax Bills Across Greenfield, California
In Greenfield, Monterey County, CA, property tax bills are calculated based on the assessed value of the home, which is often determined by the market value at the time of purchase or reassessment. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $229,754, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, improvements, and changes in market conditions can influence the assessed value. The tax bill can significantly impact homeowners' finances, with the 25th percentile tax bill at $1,976 and the 75th percentile reaching $4,369. High-end properties might see tax bills as steep as $6,036, placing a notable financial burden on homeowners. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax implications. Homeowners in Greenfield must stay informed about their property's assessed value and any potential exemptions to manage their tax liabilities effectively.
Average Greenfield Tax Bill
$2,941
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenfield, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | $1,386 | $1,976 | $2,946 | $4,369 | $6,037 |
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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