93924 Property Tax Rate

Property owners in ZIP code 93924 (Carmel Valley, California) pay a median of $7,928/year in property taxes on homes valued at $1,133,000. This translates to an effective tax rate of 0.70%, which is near the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 93924 is approximately $661, which factors into escrow payments on mortgages. This ZIP code is located within Monterey County. This is $3,028 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 93924 has higher property taxes. ZIP codes with similar effective rates include 92308 (0.70%) and 94518 (0.70%).

In Carmel Valley, property taxes represent approximately 4.9% of the median household income of $162,656, 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.