King City, California Property Taxes
The median property tax rate in King City, CA is 1.06%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in King City at $367,910, the typical annual property tax bill is around $2,076, which is below the national median of $2,690. Property taxes in King City are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a clear understanding of King City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're residing in King City or investing in real estate there, comprehending the local property tax framework will be beneficial.
Last Updated June 14, 2024
King City, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,900
$3,683
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 1.06%, 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 counties in California and the national median. For comparison, the zip code 93930 has the highest median property tax rate of 1.06%, while also having the lowest median tax rate of 1.06%. Understanding how these cities compare with King City provides valuable insights into the varying tax landscape across San Benito County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average King City Tax Rate
1.06%
Average San Benito County Tax Rate
1.22%
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 |
|---|---|---|---|---|---|
| 93930 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
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 San Benito 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 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. 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. The median home price in King City is $367,910, with annual tax bills ranging from $1,159 at the 25th percentile to $3,544 at the 90th percentile. The zip code 93930 has the highest and lowest median tax bill at $2,076.
Average King City Assessed Value
$367,910
Average San Benito County Assessed Value
$518,267
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 |
|---|---|---|---|---|---|
| 93930 | $367,910 | $367,910 | $367,910 | $367,910 | $367,910 |
Source: Ownwell
Property Tax Bills Across King City, California
In King City, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For instance, with a median home price of $367,910, homeowners can expect their tax bill to fall within a range influenced by various factors such as location, property size, and improvements. Homeowners in King City can see tax bills at the 25th percentile around $1,159, while those at the 75th percentile might pay approximately $2,993. The tax bill at the 90th percentile reaches up to $3,544. These figures highlight the variability in property taxes within the city. Compared to the national median property tax rate of 0.99%, King City's rates can significantly impact homeowners' annual financial obligations. Understanding these factors helps homeowners better anticipate their property tax responsibilities and manage their budgets accordingly.
Average King City Tax Bill
$2,076
Average San Benito County Tax Bill
$6,032
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 |
|---|---|---|---|---|---|
| 93930 | $609 | $1,159 | $2,076 | $2,993 | $3,544 |
Source: Ownwell