Quantcast

Marin Leader

Friday, December 27, 2024

Analysis: Marin County effective property tax rates were lower than the national average in Q1

Re 1

Property owners in Marin County paid 0.8% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.7 times the national average, according to the real estate analysis posted by Marin Leader.

The median sales price of a Marin County home in the first quarter of 2024 was $1,400,000, based on data from the 286 properties sold during that time. In 2024, the median tax bill for the county was $11,625, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 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 and Fairfax paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Sausalito 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 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Sausalito16$1,075,000$13,5981.3%
Fairfax4$1,131,250$11,3781%
San Anselmo17$1,475,000$12,8840.9%
San Rafael (unincorporated)7$1,135,000$10,6550.9%
Nicasio 2$1,822,500$15,8740.9%
Kentfield 5$2,495,000$22,1680.9%
Belvedere3$4,100,000$34,3660.8%
Novato81$1,042,500$8,3890.8%
San Rafael77$1,274,000$10,7690.8%
Larkspur25$1,850,000$12,2250.7%
Mill Valley21$2,200,000$16,2520.7%
Corte Madera8$1,849,000$12,6830.7%
Dillon Beach2$2,062,500$9,8830.5%
Tiburon6$5,637,500$17,7370.3%
Inverness6$2,497,500$7,3170.3%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS