Monte Sereno, California Property Taxes
The median property tax rate in Monte Sereno, CA is 1.19%, slightly higher than the national median of 0.99% but just below California's state median of 1.21%. With a median home value of $2,124,920 in Monte Sereno, the typical annual property tax bill reaches $23,813, far exceeding the national median of $2,690. Property taxes in Monte Sereno are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Monte Sereno'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 Monte Sereno or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monte Sereno, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Monte Sereno, California Tax Savings
Ownwell’s Monte Sereno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monte Sereno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monte Sereno 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 Monte Sereno. 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 Monte Sereno, California
Property taxes in Monte Sereno, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monte Sereno is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Monte Sereno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monte Sereno 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 Monte Sereno's effective property tax rate to other areas in Santa Clara County and the national median. For comparison, the 95030 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Monte Sereno provides valuable insights into the varying tax landscape across Santa Clara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Monte Sereno Tax Rate
1.19%
Average Santa Clara County Tax Rate
1.31%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monte Sereno, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95030 | 1.15% | 1.17% | 1.19% | 1.27% | 1.55% |
Source: Ownwell
$1,148
Average Monte Sereno Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Monte Sereno, California
In Monte Sereno, 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 Santa Clara 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 Monte Sereno, 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 Monte Sereno helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both in the 95030 zip code, each at $23,813.
Property Tax Assessment Values Across Monte Sereno, California
Source: Ownwell
$41,240
$1,437,154
$2,833,068
Average Monte Sereno Assessed Value
$2,124,920
Average Santa Clara County Assessed Value
$683,381
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monte Sereno, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95030 | $279,350 | $985,244 | $2,124,920 | $3,342,706 | $4,612,597 |
Source: Ownwell
$1,148
Average Monte Sereno Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Monte Sereno, California
In Monte Sereno, property tax bills are calculated based on the assessed value of a home, which is determined by the Santa Clara County Assessor's Office. Homeowners in this affluent area can expect property tax bills ranging widely, with the 25th percentile at $11,439 and the 75th percentile reaching $38,198. The highest median tax bill in the region is $23,813, notably higher than the national median property tax rate of 0.99%. Factors influencing these tax bills include the home's assessed value, local tax rates, and any applicable exemptions. Homeowners may find these high property tax bills burdensome, affecting their overall financial planning. This is where Ownwell steps in, offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. With expert guidance and a thorough understanding of local regulations, Ownwell ensures that homeowners in Monte Sereno pay only their fair share, potentially saving thousands of dollars annually.
Average Monte Sereno Tax Bill
$23,813
Average Santa Clara County Tax Bill
$8,895
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Monte Sereno, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
95030 | $4,058 | $11,439 | $23,813 | $38,198 | $52,136 |
Source: Ownwell
$1,148
Average Monte Sereno 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 | September 16 |
Tax Bill | |
Issued | October 1 |
Due Date #1 | December 10 |
Due Date #2 | April 10 |
Links | |
---|---|
Santa Clara Tax Assessor | |
Phone | (408) 299-5372 |
Website | www.sccassessor.org |
dawn.cieslik@asr.sccgov.org |
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