Salinas, California Property Taxes
Real Estate Values and Property Tax Valuation in Salinas, California
The city of Salinas has 36,097 properties with a cumulative value of $10.9B, representing 25.21% of all real estate value in Monterey County. Property taxes in Salinas totaled $151.5M, with an average homeowner paying $4,270 in property taxes compared to the county average of $6,354. The average property tax rate in Salinas is 1.39%, slightly higher than the county average of 1.35%. 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 August 23, 2023
Important Links | |
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Monterey Recorder | (831) 755-5041 |
Monterey Assessor | (831) 755-5035 |
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 Salinas, California
Residential Property Tax by ZIP code in Salinas, California
Salinas property taxes are slightly higher than the average for Monterey County, with an average rate of 1.39% compared to 1.35%. However, property tax rates vary significantly across Salinas ZIP codes. The highest effective property tax rate is in 93905, at 1.54%, while the lowest is in 93901, at 1.3%. This variation is due to differences in home values across ZIP codes. For example, 93905 has higher home values than 93901, and thus a higher effective property tax rate.
Overall, Salinas property taxes are slightly higher than the average for Monterey County, but the rates vary significantly across ZIP codes. This variation is due to differences in home values across ZIP codes, with higher home values leading to higher effective property tax rates. Property owners should be aware of the differences in rates across ZIP codes when considering their tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Salinas, California. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
93901 | $0 | $87,741 | $273,028 | $454,662 | $595,667 |
93905 | $0 | $91,721 | $213,218 | $347,886 | $488,765 |
93906 | $0 | $84,887 | $247,335 | $395,848 | $515,000 |
93907 | $0 | $120,889 | $305,798 | $514,050 | $689,426 |
93908 | $0 | $168,833 | $523,316 | $785,000 | $1,009,410 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Salinas, California.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
93901 | $991 | $2,116 | $3,613 | $5,325 | $6,627 |
93905 | $1,270 | $2,089 | $3,145 | $4,774 | $6,492 |
93906 | $1,164 | $2,228 | $3,472 | $4,915 | $6,409 |
93907 | $1,698 | $2,669 | $4,130 | $6,088 | $7,741 |
93908 | $2,519 | $4,530 | $6,873 | $9,200 | $11,920 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
93901 | - | 2.41% | 1.32% | 1.17% | 1.11% |
93905 | - | 2.28% | 1.48% | 1.37% | 1.33% |
93906 | - | 2.62% | 1.40% | 1.24% | 1.24% |
93907 | - | 2.21% | 1.35% | 1.18% | 1.12% |
93908 | - | 2.68% | 1.31% | 1.17% | 1.18% |
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Real Estate Values in Salinas, California
Average Home Value in Salinas, California
Last updated: August 2023
Average home value over time in Salinas, California
Last updated: August 2023
Total unique home listings in Salinas, California
Last updated: August 2023
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Housing Expenses in Salinas, California
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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