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Marin Leader

Wednesday, October 9, 2024

Marin County effective property tax rate in Q1 2022 was lower than the national average

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Property owners in Marin County paid 0.7% of the value of their homes in property taxes in the first quarter of 2022, which is less than 0.6 times the national average, according to the real estate analysis posted by the Marin Leader.

The median sales price of a Marin County home in the first quarter of 2022 was $1,370,000, based on data from the 511 properties sold during that time. In 2021 the median tax bill for the county was $9,852, which is 0.7% of the median value of the homes that were taxed.

This is 0.6 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Marin County real estate data showed homeowners in Sausalito (unincorporated) paid the highest tax rate of 1.1%.

The following table compares Sausalito (unincorporated) with some other cities belonging to Marin County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Sausalito (unincorporated)3$795,000$8,3821.1%
Larkspur26$1,283,500$11,0850.9%
Forest Knolls 1$740,000$6,5330.9%
Greenbrae4$1,675,000$14,5730.9%
Belvedere9$4,150,000$31,2160.8%
Novato162$1,015,000$7,6200.8%
Corte Madera6$1,475,000$11,5010.8%
Fairfax19$1,352,000$10,3180.8%
Kentfield 9$2,427,000$20,1360.8%
Mill Valley34$2,050,000$14,7370.7%
San Rafael110$1,305,000$9,7650.7%
San Anselmo18$1,688,850$11,6830.7%
Sausalito31$2,160,000$12,3520.6%
Tiburon25$2,500,000$16,0840.6%
San Rafael (unincorporated)17$1,500,000$9,6790.6%
Nicasio 1$2,300,000$14,4190.6%
Point Reyes Station (unincorporated)1$1,030,000$6,2650.6%
Tiburon (unincorporated)2$3,050,000$15,8570.5%
San Geronimo 1$1,650,000$7,8800.5%
Woodacre (unincorporated)7$1,300,000$6,0950.5%
Bolinas 4$1,625,000$8,2480.5%
San Anselmo (unincorporated)5$2,600,000$14,2050.5%
Dillon Beach2$1,762,500$8,9770.5%
Ross4$6,559,600$24,6410.4%
Stinson Beach (unincorporated)3$3,500,000$14,1780.4%
Inverness5$1,500,000$6,6460.4%

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