King City, Monterey County, California Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare King City’s effective property tax rate to other cities in California and the median property tax rates in California and the U.S. King City, located in Monterey County, has a median property tax rate of 1.12%, which is above the national median of 1.02%. This rate is consistent across the county, reflecting the highest and lowest rates in the area. When looking at the broader picture, King City's rate is higher than the national average, but it aligns with the state's median, suggesting that property owners in this region contribute slightly more to local funding than the average U.S. homeowner. Understanding these dynamics can help property owners make informed decisions about their investments and potential tax appeals.

In King City, Monterey County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in King City experience a median property tax bill of $2,611, closely aligning with the national median of $2,400. However, depending on the specific area within the city, tax bills can vary significantly, with some homeowners paying as low as $1,708 or as high as $5,113. These variations are influenced by factors such as property location, size, and improvements.

High property tax bills can be a burden for homeowners, impacting their financial stability. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions to help homeowners potentially reduce their tax obligations. By analyzing individual property assessments and identifying discrepancies, Ownwell can assist homeowners in King City in saving money on their property taxes, ensuring they pay only what is fair.