Pebble Beach, California Property Taxes
The median property tax rate in Pebble Beach, CA is 1.12%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Pebble Beach at $1,335,298, the typical annual property tax bill reaches $14,532, significantly surpassing the national median of $2,690. Property taxes in Pebble Beach are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Pebble Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pebble Beach 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
Pebble Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$14,955
$13,878
Ownwell’s Pebble Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pebble Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pebble Beach 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 Pebble Beach, California
Property taxes in Pebble Beach, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pebble Beach is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Pebble Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pebble Beach 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 Pebble Beach's effective property tax rate to other counties in California and the national median. For comparison, the ZIP code 93953 has the highest median property tax rate of 1.12%, while the lowest median tax rate is also 1.12%. Understanding how these cities compare with Pebble Beach 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 Pebble Beach 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 Pebble Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93953 | 1.03% | 1.07% | 1.12% | 1.18% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Pebble Beach, California
In Pebble Beach, 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 Appraisal District 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. 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. In Pebble Beach, the zip code 93953 has both the highest and lowest median tax bill at $14,526. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pebble Beach, California
Source: Ownwell
$16,130
$2,476,499
$4,936,868
Average Pebble Beach Assessed Value
$1,335,298
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 Pebble Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93953 | $308,868 | $714,804 | $1,333,126 | $2,678,465 | $5,358,957 |
Source: Ownwell
Property Tax Bills Across Pebble Beach, California
In Pebble Beach, Monterey County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically reflects the market value of the home at the time of purchase, with annual adjustments for inflation not exceeding 2% per year. Property tax rates in Pebble Beach are influenced by the local tax rate, which is applied to the property's assessed value. For homeowners in Pebble Beach, the median home price is approximately $1,335,298, leading to substantial property tax bills. For instance, the tax bill at the 25th percentile is around $7,921, while at the 75th percentile, it reaches $28,172. The 90th percentile tax bill can go as high as $54,771. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the premium property values in the area. Consequently, homeowners in Pebble Beach must budget for higher property tax expenses compared to other regions.
Average Pebble Beach Tax Bill
$14,532
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Pebble Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93953 | $3,809 | $7,926 | $14,526 | $28,152 | $54,558 |
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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