Del Mar, California Property Taxes
The median property tax rate in Del Mar, CA is 1.07%, 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 Del Mar, the typical annual property tax bill reaches $11,480, significantly surpassing the national median of $2,690. Property taxes in Del Mar 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 Del Mar'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 Del Mar 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
Del Mar, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$11,297
$10,671
$1,148
Average Del Mar, California Tax Savings
Ownwell’s Del Mar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Del Mar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Del Mar to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Del Mar. 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 Del Mar, California
Property taxes in Del Mar, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Mar is 1.07%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Del Mar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Mar 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 Del Mar's effective property tax rate to other counties in California and the national median. For comparison, the 92014 ZIP code has the highest median property tax rate of 1.07%, while the same ZIP code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Del Mar provides valuable insights into the varying tax landscape across San Diego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Mar Tax Rate
1.07%
Average San Diego County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Mar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92014 | 1.06% | 1.06% | 1.07% | 1.08% | 1.12% |
Source: Ownwell
$1,148
Average Del Mar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Del Mar, California
In Del Mar, 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 Diego 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 Del Mar, 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 Del Mar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Del Mar are both $11,480, found in the 92014 zip code.
Average Del Mar Assessed Value
$1,055,837
Average San Diego County Assessed Value
$454,653
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Del Mar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92014 | $176,436 | $495,145 | $1,055,837 | $1,827,352 | $2,922,686 |
Source: Ownwell
$1,148
Average Del Mar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Del Mar, California
In Del Mar, located in San Diego 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 typically starts with the purchase price and can be adjusted annually based on market conditions and improvements made to the property. The median home price in Del Mar is $1,055,837, contributing to significant property tax bills. Homeowners in this area face tax bills ranging from $5,463 at the 25th percentile to $31,737 at the 90th percentile, with the highest median tax bill recorded at $11,480 in the 92014 zip code. These high property taxes can be burdensome for homeowners. Ownwell offers expert property tax appeal and exemption services to help reduce these costs. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf. This service ensures that homeowners in Del Mar pay only their fair share, potentially saving thousands of dollars annually.
Average Del Mar Tax Bill
$11,480
Average San Diego County Tax Bill
$5,506
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Mar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92014 | $1,979 | $5,463 | $11,480 | $19,736 | $31,737 |
Source: Ownwell
$1,148
Average Del Mar Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Diego Tax Assessor | |
| Phone | (858) 505-6262 |
| Website | assr.parcelquest.com |
| arcc.fgg@sdcounty.ca.gov | |
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