93920 Property Tax Rate

Property owners in ZIP code 93920 (Big Sur, California) pay a median of $1,917/year in property taxes on homes valued at $1,803,800. This translates to an effective tax rate of 0.11%, which is 85% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 93920 is approximately $160, which factors into escrow payments on mortgages. This ZIP code is located within Monterey County. This is $2,983 less than the California average of $4,900/year.

Compared to similar ZIP codes in California, 93920 has lower property taxes. ZIP codes with similar effective rates include 95653 (0.22%) and 95427 (0.24%).

In Big Sur, property taxes represent approximately 2.6% of the median household income of $72,540, providing context for the relative tax burden on homeowners in this area.

Proposition 13 reassesses your Monterey County home to the purchase price at sale and limits subsequent increases to 2% annually, anchoring your tax burden to your purchase-price valuation. Monterey County offers a $7,000 Homeowners' Exemption — file with the Monterey County Assessor within 30 days of purchase. Submit your exemption claim to the Monterey County Assessor and request written proof of your base year value.