Newport Beach, California Property Taxes
The median property tax rate in Newport Beach, CA is 1.08%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Newport Beach at $1,138,785, the typical annual property tax bill reaches $12,456, significantly surpassing the national median of $2,690. Property taxes in Newport Beach are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Newport Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Newport Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newport Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$12,299
$11,615
$1,148
Average Newport Beach, California Tax Savings
Ownwell’s Newport Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newport Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newport Beach to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Newport Beach. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Newport Beach, California
Property taxes in Newport Beach, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newport Beach is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Newport Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newport Beach estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Newport Beach's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92662 zip code has the highest median property tax rate of 1.13%, while the 92672 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Newport Beach provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newport Beach Tax Rate
1.08%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newport Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92625 | 1.07% | 1.07% | 1.08% | 1.09% | 1.10% |
| 92657 | 1.07% | 1.07% | 1.08% | 1.08% | 1.09% |
| 92660 | 1.06% | 1.06% | 1.08% | 1.11% | 1.20% |
| 92661 | 1.05% | 1.06% | 1.08% | 1.11% | 1.24% |
| 92662 | 1.06% | 1.07% | 1.13% | 1.23% | 1.54% |
| 92663 | 1.06% | 1.06% | 1.09% | 1.13% | 1.22% |
| 92672 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
$1,148
Average Newport Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Newport Beach, California
In Newport Beach, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Orange County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Newport Beach are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Newport Beach's median home price stands at $1,138,785. The median tax bill varies significantly, with the highest median tax bill in zip code 92662 at $24,361 and the lowest in zip code 92663 at $9,799. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Newport Beach, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Newport Beach Assessed Value
$1,138,785
Average Orange County Assessed Value
$514,928
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newport Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92625 | $641,421 | $657,482 | $1,223,164 | $1,431,583 | $1,712,303 |
| 92657 | $212,384 | $1,303,600 | $2,148,884 | $6,434,258 | $6,439,146 |
| 92660 | $255,591 | $628,022 | $1,193,157 | $2,137,712 | $3,295,938 |
| 92661 | $225,809 | $689,920 | $1,701,527 | $3,474,193 | $6,192,344 |
| 92662 | $290,998 | $884,844 | $2,180,044 | $3,326,278 | $4,794,025 |
| 92663 | $149,368 | $430,816 | $887,097 | $1,934,167 | $3,532,158 |
| 92672 | $2,232,665 | $2,232,665 | $2,232,665 | $2,232,665 | $2,232,665 |
Source: Ownwell
$1,148
Average Newport Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Newport Beach, California
In Newport Beach, CA, property tax bills are calculated based on the assessed value of your home, not its market value. The median home price in Newport Beach is $1,138,785, which significantly influences the tax bill. Factors such as location within the city, property size, and any improvements made to the home also play a role in determining the final tax amount. For instance, in the 92662 zip code, the highest median tax bill is $24,361, while in the 92663 zip code, it’s $9,799. These figures highlight the variability in tax bills within the same city. Homeowners in Newport Beach face substantial tax bills, with the 25th percentile at $6,334 and the 90th percentile reaching $38,964. This can create a significant financial burden. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By leveraging local knowledge and expertise, Ownwell can help ensure that your property is assessed fairly, potentially saving you thousands of dollars annually.
Average Newport Beach Tax Bill
$12,456
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Newport Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92625 | $7,070 | $7,194 | $13,198 | $15,383 | $18,325 |
| 92657 | $2,442 | $13,991 | $22,907 | $69,602 | $69,653 |
| 92660 | $3,107 | $7,020 | $13,041 | $22,902 | $35,148 |
| 92661 | $2,778 | $7,625 | $18,374 | $37,448 | $65,792 |
| 92662 | $4,827 | $11,095 | $24,361 | $36,165 | $52,355 |
| 92663 | $1,966 | $4,956 | $9,799 | $20,860 | $37,674 |
| 92672 | $23,780 | $23,780 | $23,780 | $23,780 | $23,780 |
Source: Ownwell
$1,148
Average Newport Beach Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Orange Tax Assessor | |
| Phone | (714) 834-2331 |
| Website | assr.parcelquest.com |
| taxpayeradvocate@asr.ocgov.com | |
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