Average Tax Assessment in Marin County
Real Estate Values and Property Tax Valuation in Marin County, California
Marin County has 79,652 properties with a cumulative value of $68.2B, making up 1.85% of all real estate value in California. Property taxes in Marin County totaled $1.0B, with an average homeowner paying $12,779 in property taxes compared to the state average of $5,946. The average property tax rate in Marin County is 1.49%, lower than the state average of 1.58%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated November 01, 2023
Important Links | |
---|---|
Marin Recorder | (415) 499-6092 |
Marin Assessor | (415) 473-7215 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | June - August |
Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
Property Tax Bills Issued: | October 1st |
Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
Available Exemptions | |
---|---|
Senior | Not Available |
Disabled | Available |
Homestead | Available |
Veteran | Not Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Marin County
Residential Property Taxes by Cities in Marin County
Marin County has an average property tax rate of 1.49%, which is slightly lower than the national average of 1.53%. This rate is applied to the assessed value of a property to calculate the amount of property tax due. Property taxes in Marin County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Marin County vary across cities, with Fairfax having the highest effective property tax rate at 1.81%, and Stinson Beach having the lowest effective property tax rate at 1.17%. Property taxes in Marin County are generally lower than in other parts of the state, making it an attractive place to live for those looking for a lower tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Marin County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Belvedere Tiburon | $153,552 | $513,518 | $1,421,719 | $2,652,666 | $4,071,943 |
Bolinas | $76,950 | $172,189 | $467,816 | $946,566 | $1,646,179 |
Corte Madera | $105,984 | $276,984 | $707,309 | $1,182,565 | $1,611,799 |
Dillon Beach | $78,040 | $281,292 | $599,649 | $914,142 | $1,118,581 |
Fairfax | $81,849 | $237,646 | $522,296 | $838,166 | $1,106,158 |
Forest Knolls | $41,675 | $198,861 | $399,807 | $649,668 | $886,583 |
Greenbrae | $103,924 | $319,133 | $713,790 | $1,347,855 | $1,943,233 |
Inverness | $54,446 | $186,977 | $501,727 | $985,059 | $1,445,740 |
Kentfield | $147,504 | $482,254 | $1,373,872 | $2,454,050 | $3,904,389 |
Lagunitas | $82,875 | $221,692 | $428,054 | $707,644 | $938,471 |
Larkspur | $140,026 | $283,035 | $730,867 | $1,546,782 | $2,293,103 |
Mill Valley | $122,277 | $357,962 | $853,749 | $1,474,710 | $2,222,000 |
Novato | $100,198 | $252,987 | $503,581 | $808,287 | $1,085,528 |
Point Reyes Station | $0 | $89,422 | $399,174 | $867,484 | $1,308,010 |
Ross | $165,453 | $729,988 | $1,859,813 | $3,508,932 | $5,774,381 |
San Anselmo | $100,783 | $294,604 | $719,779 | $1,161,914 | $1,703,829 |
San Rafael | $103,020 | $236,416 | $562,632 | $931,690 | $1,312,457 |
Sausalito | $101,657 | $266,143 | $629,143 | $1,221,803 | $1,955,765 |
Stinson Beach | $128,188 | $446,474 | $1,230,190 | $2,547,736 | $4,357,330 |
Woodacre | $87,108 | $194,476 | $421,930 | $682,065 | $956,112 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Marin County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Belvedere Tiburon | $5,499 | $10,568 | $20,146 | $33,715 | $49,300 |
Bolinas | $3,589 | $4,894 | $8,175 | $13,377 | $20,605 |
Corte Madera | $3,386 | $5,986 | $10,876 | $16,068 | $20,788 |
Dillon Beach | $2,693 | $5,349 | $8,728 | $12,232 | $14,594 |
Fairfax | $4,177 | $6,155 | $9,878 | $13,542 | $16,903 |
Forest Knolls | $2,186 | $3,700 | $6,195 | $8,872 | $11,262 |
Greenbrae | $4,580 | $7,295 | $11,715 | $19,359 | $26,182 |
Inverness | $1,757 | $3,431 | $6,823 | $12,065 | $16,782 |
Kentfield | $5,760 | $10,506 | $20,496 | $32,883 | $50,135 |
Lagunitas | $2,599 | $4,003 | $6,518 | $9,673 | $12,016 |
Larkspur | $4,818 | $6,389 | $12,695 | $21,748 | $30,473 |
Mill Valley | $5,092 | $8,297 | $14,129 | $21,296 | $29,894 |
Novato | $3,099 | $4,821 | $7,707 | $11,281 | $15,190 |
Point Reyes Station | $1,693 | $3,620 | $6,607 | $10,951 | $17,937 |
Ross | $8,237 | $15,166 | $27,907 | $45,512 | $73,641 |
San Anselmo | $4,164 | $7,003 | $11,958 | $17,016 | $23,325 |
San Rafael | $3,550 | $5,400 | $9,134 | $13,233 | $17,813 |
Sausalito | $3,798 | $5,832 | $10,056 | $16,990 | $25,900 |
Stinson Beach | $3,138 | $7,213 | $14,989 | $29,140 | $47,855 |
Woodacre | $2,472 | $3,771 | $6,128 | $9,363 | $12,320 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Belvedere Tiburon | 3.58% | 2.06% | 1.42% | 1.27% | 1.21% |
Bolinas | 4.66% | 2.84% | 1.75% | 1.41% | 1.25% |
Corte Madera | 3.19% | 2.16% | 1.54% | 1.36% | 1.29% |
Dillon Beach | 3.45% | 1.90% | 1.46% | 1.34% | 1.30% |
Fairfax | 5.10% | 2.59% | 1.89% | 1.62% | 1.53% |
Forest Knolls | 5.25% | 1.86% | 1.55% | 1.37% | 1.27% |
Greenbrae | 4.41% | 2.29% | 1.64% | 1.44% | 1.35% |
Inverness | 3.23% | 1.83% | 1.36% | 1.22% | 1.16% |
Kentfield | 3.90% | 2.18% | 1.49% | 1.34% | 1.28% |
Lagunitas | 3.14% | 1.81% | 1.52% | 1.37% | 1.28% |
Larkspur | 3.44% | 2.26% | 1.74% | 1.41% | 1.33% |
Mill Valley | 4.16% | 2.32% | 1.65% | 1.44% | 1.35% |
Novato | 3.09% | 1.91% | 1.53% | 1.40% | 1.40% |
Point Reyes Station | - | 4.05% | 1.66% | 1.26% | 1.37% |
Ross | 4.98% | 2.08% | 1.50% | 1.30% | 1.28% |
San Anselmo | 4.13% | 2.38% | 1.66% | 1.46% | 1.37% |
San Rafael | 3.45% | 2.28% | 1.62% | 1.42% | 1.36% |
Sausalito | 3.74% | 2.19% | 1.60% | 1.39% | 1.32% |
Stinson Beach | 2.45% | 1.62% | 1.22% | 1.14% | 1.10% |
Woodacre | 2.84% | 1.94% | 1.45% | 1.37% | 1.29% |
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Real Estate Values in Marin County
The median home price in Marin County, California has increased by 4.12% from October 2022 to October 2023, from $1.6M to $1.7M. This is indicative of a trend of increasing home prices in California. At the same time, the home inventory in Marin County has decreased from 572 in October 2022 to 506 in October 2023, indicating that there is a shortage of homes available for sale in the area. This could be driving up prices as buyers compete for the limited number of homes available.
Average Home Value in Marin County, California
Last updated: November 2023
Percent Change in Total Home Sales in Marin County
Last updated: November 2023
Percent Change in New Home Listings in Marin County
Last updated: November 2023
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Mortgage Rates in Marin County
Mortgages in Marin County are a major source of financial stability for many homeowners. According to recent statistics, there is an estimated $23.7 billion in outstanding loan amounts across home mortgages in Marin County. This amount is spread across 42,300 outstanding loans, representing a significant portion of the total home value in the county.
The median mortgage rate in Marin County varies significantly across cities, with the highest rate being 5.19% in Inverness and the lowest rate being 4.12% in Ross. This variation in rates can have a significant impact on the total cost of a loan and should be taken into consideration when shopping for a mortgage. Overall, mortgages in Marin County provide a reliable source of financing for homeowners and can be an important part of a financial plan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Marin County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Belvedere Tiburon | $145,427 | $374,690 | $782,185 | $1,507,171 | $2,267,000 |
Bolinas | $56,231 | $142,062 | $343,170 | $634,351 | $1,068,911 |
Corte Madera | $85,667 | $211,248 | $482,055 | $804,002 | $1,211,734 |
Dillon Beach | $92,215 | $173,064 | $318,231 | $519,680 | $697,812 |
Fairfax | $77,585 | $178,866 | $360,043 | $590,092 | $848,137 |
Forest Knolls | $61,440 | $134,612 | $316,154 | $456,444 | $636,230 |
Greenbrae | $96,052 | $226,178 | $480,546 | $831,015 | $1,363,727 |
Inverness | $59,978 | $139,732 | $298,804 | $487,798 | $768,923 |
Kentfield | $128,097 | $377,894 | $795,724 | $1,414,297 | $2,125,240 |
Lagunitas | $63,957 | $158,729 | $314,477 | $523,950 | $702,398 |
Larkspur | $109,811 | $274,033 | $563,901 | $1,022,585 | $1,564,838 |
Mill Valley | $103,552 | $268,514 | $534,942 | $950,687 | $1,431,915 |
Novato | $79,760 | $171,783 | $323,048 | $532,333 | $765,131 |
Point Reyes Station | $90,886 | $202,914 | $324,734 | $486,331 | $835,494 |
Ross | $214,144 | $492,739 | $990,045 | $1,831,970 | $2,773,709 |
San Anselmo | $90,599 | $225,359 | $474,509 | $791,178 | $1,205,314 |
San Rafael | $82,712 | $189,478 | $374,646 | $629,737 | $951,932 |
Sausalito | $80,426 | $211,479 | $424,455 | $773,441 | $1,337,371 |
Stinson Beach | $137,094 | $269,952 | $536,235 | $954,840 | $1,801,791 |
Woodacre | $59,227 | $151,027 | $340,182 | $597,415 | $779,216 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Marin County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Belvedere Tiburon | 2.80% | 3.30% | 4.25% | 6.06% | 7.25% |
Bolinas | 2.97% | 3.75% | 4.83% | 6.57% | 7.83% |
Corte Madera | 2.90% | 3.60% | 4.46% | 6.37% | 7.50% |
Dillon Beach | 3.21% | 3.60% | 4.38% | 5.75% | 7.06% |
Fairfax | 3.00% | 3.70% | 4.55% | 6.37% | 7.42% |
Forest Knolls | 2.96% | 3.75% | 5.01% | 6.51% | 7.29% |
Greenbrae | 2.90% | 3.55% | 4.45% | 6.12% | 7.32% |
Inverness | 3.35% | 3.83% | 5.19% | 6.63% | 7.51% |
Kentfield | 2.85% | 3.38% | 4.25% | 6.00% | 7.19% |
Lagunitas | 3.15% | 3.60% | 4.20% | 6.55% | 7.23% |
Larkspur | 2.80% | 3.37% | 4.17% | 6.05% | 7.12% |
Mill Valley | 2.90% | 3.52% | 4.43% | 6.21% | 7.26% |
Novato | 3.00% | 3.65% | 4.50% | 6.25% | 7.25% |
Point Reyes Station | 3.11% | 3.70% | 4.92% | 6.42% | 7.47% |
Ross | 2.65% | 3.20% | 4.12% | 5.81% | 6.98% |
San Anselmo | 2.90% | 3.60% | 4.49% | 6.15% | 7.25% |
San Rafael | 3.00% | 3.64% | 4.50% | 6.27% | 7.37% |
Sausalito | 2.90% | 3.50% | 4.37% | 6.20% | 7.41% |
Stinson Beach | 2.89% | 3.56% | 4.50% | 6.21% | 7.36% |
Woodacre | 3.10% | 3.75% | 4.44% | 6.51% | 7.60% |
Housing Expenses in Marin County, California
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