San Martin, California Property Taxes
The median property tax rate in San Martin, CA is 1.14%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $776,844, the typical annual property tax bill in San Martin reaches $8,629, significantly exceeding the national median of $2,690. Property taxes in San Martin 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 San Martin'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 Martin or another part of Santa Clara County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Martin, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$8,856
$8,218
$1,148
Average Tax Savings
Ownwell’s SAN MARTIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN MARTIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN MARTIN 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 SAN MARTIN. 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 Martin, California
Property taxes in San Martin, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Martin is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within San Martin set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Martin 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 Martin's effective property tax rate to other areas in Santa Clara County and the national median. For comparison, the zip code 95046 has both the highest and lowest median property tax rate of 1.14%. Understanding how these figures compare with San Martin 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 San Martin Tax Rate
1.14%
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 San Martin, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95046 | 1.13% | 1.13% | 1.14% | 1.17% | 1.25% |
Source: Ownwell
$1,148
Average San Martin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Martin, California
In San Martin, 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's Office 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 Martin, 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 Martin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in San Martin are both $8,629, found in the 95046 zip code.
Property Tax Assessment Values Across San Martin, California
Source: Ownwell
$41,240
$1,437,154
$2,833,068
Average San Martin Assessed Value
$776,844
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 San Martin, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95046 | $172,227 | $418,728 | $776,844 | $1,222,208 | $1,682,683 |
Source: Ownwell
$1,148
Average San Martin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Martin, California
In San Martin, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Santa Clara County Assessor's Office. The assessed value is typically a percentage of the market value of the property. Homeowners in San Martin face a median property tax bill of $8,629, which is significantly higher than the national median property tax rate of 0.99%. Factors such as the property's location, improvements, and local tax rates contribute to the final tax bill. For example, the 25th percentile tax bill is $4,649, while the 75th percentile reaches up to $13,356, and the 90th percentile can be as high as $18,503. Ownwell can help homeowners in San Martin save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf, potentially lowering your tax bill and ensuring you only pay your fair share.
Average San Martin Tax Bill
$8,629
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 San Martin, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95046 | $1,850 | $4,649 | $8,629 | $13,356 | $18,503 |
Source: Ownwell
$1,148
Average San Martin 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 15 |
| 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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