Monterey, Monterey County, California Property Taxes

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Property Taxes in Monterey, California

Median Monterey, CA effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Monterey, CA home value: $519,825
Median annual Monterey, CA tax bill: $5,344, $2,944 higher than the national median property tax bill of $2,400.

How are property taxes in Monterey calculated?

Property taxes in Monterey, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Monterey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monterey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monterey, Monterey County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$6,264

$5,813

Ownwell’s Monterey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monterey with just two data points. By entering your property's estimated assessed value, our calculator applies Monterey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monterey. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monterey, Monterey County, California

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Monterey’s effective property tax rate to other cities in California and the median property tax rates in California and the U.S. Monterey County, with its median property tax rate of 1.08%, aligns closely with the national median of 1.02%. This rate reflects the county's commitment to balancing community needs with fiscal responsibility. It's important to note that within Monterey County, the tax rates are consistent, with both the highest and lowest median rates recorded at 1.08% in the 93940 zip code. This consistency provides property owners with a predictable tax environment, which is beneficial for financial planning. Monterey County's property tax rate is a crucial consideration for homeowners and potential buyers, offering a competitive edge in the California real estate market.

Property Tax Rates Across Monterey, Monterey County, California

Source: Ownwell

1.01%

1.37%

1.72%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Monterey Tax Rate

1.08%

Median Effective Monterey County Tax Rate

1.12%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monterey, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93940	1.04%	1.06%	1.08%	1.10%	1.18%
93923	N/A	N/A	N/A	N/A	N/A
93943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Monterey, Monterey County, California

When examining property taxes in Monterey, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monterey County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Monterey County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monterey. For example, the median home price in Monterey is $519,825, with tax bills ranging significantly across the county. Zip code 93940 has the highest median home price at $519,746.

Property Tax Assessment Values Across Monterey, Monterey County, California

Source: Ownwell

$105,696

$930,602

$1,755,507

Median Monterey Market Value

$580,000

Median Monterey County Market Value

$453,393

Median California Market Value

$427,605

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monterey, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93940	$140,439	$308,447	$579,982	$928,192	$1,404,540
93923	N/A	N/A	N/A	N/A	N/A
93943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Monterey, Monterey County, California

In Monterey, CA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Monterey experience a wide range of tax bills, with the 25th percentile at $2,832 and the 75th percentile reaching $8,736. For those in the 90th percentile, tax bills can soar to $13,197. Comparatively, the national median property tax bill is $2,400, highlighting Monterey's higher tax burden. The highest median tax bill in the region is $5,342, found in the 93940 zip code. These costs can significantly impact homeowners, influencing their budget and financial planning. Ownwell steps in to assist by offering property tax appeal and exemption services, potentially reducing these burdens. By analyzing property assessments and identifying inaccuracies or opportunities for exemptions, Ownwell helps homeowners lower their tax bills, providing valuable savings and financial relief.

Property Tax Bills Across Monterey, Monterey County, California

Source: Ownwell

$1,735

$8,731

$15,727

Median Monterey Tax Bill

$6,058

Median Monterey County Tax Bill

$5,005

Median California Tax Bill

$5,134

Median United States Tax Bill

$2,400

Property Tax Bills Across Monterey, Monterey County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93940	$1,600	$3,290	$6,055	$9,685	$14,588
93923	N/A	N/A	N/A	N/A	N/A
93943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Property Valuation Date	January 1
Appeal Deadline	November 30
Tax Bill
Issued	October 1
Due Date #1	December 10
Due Date #2	April 10

Links
Monterey Tax Assessor
Website	common3.mptsweb.com

Frequently Asked Property Tax Questions in Monterey, California

How are property taxes calculated in Monterey, California?

Property taxes in Monterey, California are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Monterey, California?

To appeal your property taxes in Monterey, California, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Monterey, California?

Common property tax exemptions in Monterey, California include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Monterey, California?

Property tax deadlines in Monterey, California vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Monterey, California?

Ownwell provides professional property tax appeal services in Monterey, California. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.