The levy imposed on real estate within Marin County, California, funds essential public services such as schools, libraries, parks, and emergency services. This levy is calculated by multiplying the assessed value of a property by the applicable percentage established by the county. For example, a property assessed at $1 million with a 1% rate would incur an annual tax of $10,000. Understanding how this levy is determined provides homeowners and potential buyers with critical financial information.
This revenue stream is crucial for maintaining the county’s infrastructure and quality of life. Historical fluctuations in rates reflect changing economic conditions and community needs. Accessing accurate and up-to-date information on these rates enables informed financial planning and contributes to a transparent and accountable local government. These levies are essential for maintaining and improving public services and contribute to the overall economic health of the region.