San Lucas, California Property Taxes
The median property tax rate in San Lucas, CA is 1.74%, significantly higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Lucas, the typical annual property tax bill reaches $1,773, exceeding the national median of $2,690. Property taxes in San Lucas 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 San Lucas'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 San Lucas 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
San Lucas, 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 San Lucas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Lucas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Lucas 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 San Lucas, California
Property taxes in San Lucas, California, play a crucial role in funding essential local services, such as public schools, road maintenance, and emergency services. The median tax rate in San Lucas is 1.74%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within San Lucas set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Lucas 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 San Lucas's effective property tax rate to other counties in California and the national median. For comparison, the zip code 93954 has the highest median property tax rate of 1.74%, while the lowest median tax rate is also 1.74% in the same zip code. Understanding how these cities compare with San Lucas 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 San Lucas Tax Rate
1.74%
Average Monterey County Tax Rate
1.11%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Lucas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93954 | 1.16% | 1.44% | 1.74% | 2.32% | 3.75% |
Source: Ownwell
Property Tax Assessment Values Across San Lucas, California
In San Lucas, 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 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 San Lucas, 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 San Lucas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93954 has the highest and lowest median tax bill at $1,773.
Property Tax Assessment Values Across San Lucas, California
Source: Ownwell
$16,130
$2,476,499
$4,936,868
Average San Lucas Assessed Value
$99,981
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 San Lucas, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93954 | $41,784 | $64,547 | $99,981 | $146,542 | $242,002 |
Source: Ownwell
Property Tax Bills Across San Lucas, California
In San Lucas, Monterey County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is usually a percentage of the property's market value. For example, with a median home price of $99,981, the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as location, property size, and improvements can influence the assessed value. Homeowners in San Lucas can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,432, while the 75th percentile reaches $2,287, and the 90th percentile can be as high as $2,928. These variations reflect differences in property values and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $1,773, indicating a relatively consistent tax burden within the zip code 93954. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average San Lucas Tax Bill
$1,773
Average Monterey County Tax Bill
$4,500
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across San Lucas, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93954 | $1,107 | $1,432 | $1,773 | $2,287 | $2,928 |
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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