Marin County Property Tax Assessments Available July 1

Most homeowners will see an upward tick in property taxes. This is the largest assessment roll increase since 2007-2008.

Watch the mail for your tax assessment, or check the link in the story on July 1. (Photo: Patch Archive)
Watch the mail for your tax assessment, or check the link in the story on July 1. (Photo: Patch Archive)
The Marin County Assessor, Richard N. Benson, delivered the completed 2014-2015 Preliminary Assessment Roll on time to the Marin County Department of Finance this week. The net assessed roll value, after all exemptions have been applied, is closing at $61.8 billion, a $3.4 billion increase (+5.88 percent) from 2013-2014. The 2014-2015 assessment roll represents property value assessments as of Jan. 1, 2014. The final roll increase will not be known until the August 2014 Equalized Assessment Roll is completed and that becomes the basis for most regular property tax bills.

The 5.88 percent increase for 2014-2015 compares to the 3.68 percent increase last year and reflects the combination of all value changes from one year to the next. This year’s increase is mostly because of strong real estate market sales, appreciation of real estate values, fewer foreclosures/distressed sales, new construction, and a 0.454 percent Proposition 13 upward adjustment in the consumer price index. Strong sustained real estate value patterns over the last two years have led to the largest assessment roll increase since the 6.7 percent of 2007-2008.

Fortunately, the strength of the real estate market over the last couple of years has returned much of the equity lost after the 2008 economic downturn. For many property taxpayers who received temporarily reduced values over the last several years, the rapid market appreciation will give rise to increasing tax bills because of Proposition 13 rules. The number of Marin County properties with temporarily reduced values due to the economic recovery decreased 29 percent to 14,636 in 2014-2015 from 20,668 in 2013-2014. Approximately 18 percent of the single-family residential properties in the County have reduced temporary values, down 8 percent from last year’s 26 percent.

To learn more how assessments can change from one year to the next, please check the “Announcements” section on our website. That information includes explanations on how Proposition 13 assessments may increase by more than 2 percent from one year to the next when a previous assessed value had a temporary reduction.

Marin County property taxpayers will receive notices if their assessed value has had a change other than the limited consumer price index for 2014-2015. Taxpayers who do not receive a written notice may visit the Assessor’s website after July 1, 2014 to view their 2014-2015 assessed value as of Jan. 1, 2014.

Taxpayers with questions about their assessed valuation may call the Assessor's office at 415-473-7215 or visit the website for additional information, including how to obtain a form to request an informal assessment review. Requests for review may be filed with the Assessor from July 1 through Oct.  31, 2014. Such reviews are conducted without charge.

--Information submitted by Marin County 

Dave Robertson June 28, 2014 at 04:13 PM
The current market value for my house is far less than it was when it was built 15 years ago. How can Marin say its value has appreciated? The " strong sustained real estate patterns" over the past two years are due to lack of sellers and only apply to certain price ranges. Sounds to me like Marin just wants to take more money. I would love it if the increase reflected true appreciation, but it does not.
DMC June 28, 2014 at 05:46 PM
Well I think the county assessor try's to stay below the actual numbers to avoid being deluged by homeowners refuting his claims. You can check Zillow and Radfin website for a check on which way and how much. The "actual" value of you home will not be known until you decide to sell it. The estimated value is based on comps near you. Very difficult for the county to hoodwink you--they do that better at the voting polls--like in how many parcel tax's are you paying and what is your sales tax---you and your fellow citizen voted those in--because you were hoodwinked--and there is more to come in Novato--watch for an extension of measure "F" sales tax to become semi permanent---! It seems all a politician has to do is say Fire/Police/School and the voters role over and say --charge me--I love it!
Michael June 30, 2014 at 11:18 AM
taxation without representation at its best. And our infrastructure is still crumbling. But hey lets just give more of our tax money to new social programs because "it's the right thing to do". ANY way our government can take more of our money without giving us anything in return is the norm.
novato 3per June 30, 2014 at 12:04 PM
It helps speed the demise of society as we know it. ...............http://www.barnhardt.biz/2014/06/26/negative-nominal-interest-rates-highway-to-a-cashless-statist-hell/


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