King City, California Property Taxes
The median property tax rate in King City, CA is 1.12%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With the median home value in King City at $259,998, the typical annual property tax bill reaches $2,611, just below the national median of $2,690. Property taxes in King City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding King City'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 King City 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
King City, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,912
$2,702
Ownwell’s King City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in King City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in King City 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 King City, California
Property taxes in King City, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in King City is 1.12%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within King City set these rates annually, and they can vary significantly across different neighborhoods. Each year, King City 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 King City's effective property tax rate to other areas in California and the national median. For comparison, the 93930 zip code has the highest median property tax rate of 1.12%, while the 93927 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with King City 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 King City Tax Rate
1.12%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across King City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
| 93930 | 1.07% | 1.10% | 1.12% | 1.13% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across King City, California
In King City, 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 King City, 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. For instance, the zip code 93927 has the highest median tax bill at $2,898, while the zip code 93930 has the lowest at $2,611. Being aware of these valuation processes in King City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across King City, California
Source: Ownwell
$16,130
$2,476,499
$4,936,868
Average King City Assessed Value
$259,998
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 King City, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | $263,068 | $263,068 | $263,068 | $263,068 | $263,068 |
| 93930 | $106,573 | $166,753 | $259,961 | $367,462 | $491,862 |
Source: Ownwell
Property Tax Bills Across King City, California
In King City, located in Monterey County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners, this means that as property values rise, so do their tax bills. The median home price in King City is $259,998, with tax bills ranging from $1,708 at the 25th percentile to $5,113 at the 90th percentile. Factors such as property improvements, neighborhood developments, and changes in the local real estate market can influence the assessed value. The median property tax rate in King City is higher than the national median of 0.99%, with the highest median tax bill in the 93927 zip code at $2,898 and the lowest in the 93930 zip code at $2,611. This variation affects homeowners differently, with those in higher-valued properties or rapidly appreciating areas likely to see more significant increases in their tax bills.
Average King City Tax Bill
$2,611
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across King City, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93927 | $2,898 | $2,898 | $2,898 | $2,898 | $2,898 |
| 93930 | $1,001 | $1,709 | $2,611 | $3,873 | $5,114 |
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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