95012 Property Tax Rate

Property owners in ZIP code 95012 (Castroville, California) pay a median of $3,224/year in property taxes on homes valued at $629,600. This translates to an effective tax rate of 0.51%, which is 26% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 95012 is approximately $269, which factors into escrow payments on mortgages. This ZIP code is located within Monterey County. This is $1,676 less than the California average of $4,900/year.

Compared to similar ZIP codes in California, 95012 has lower property taxes. ZIP codes with similar effective rates include 90068 (0.51%) and 95318 (0.51%).

In Castroville, property taxes represent approximately 4.0% of the median household income of $79,903, 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.