Tustin, California Property Taxes
The median property tax rate in Tustin, CA is 1.13%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $530,604, the typical annual property tax bill in Tustin reaches $5,995, significantly exceeding the national median of $2,690. Property taxes in Tustin are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences. Understanding Tustin'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 Tustin or another part of Orange County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tustin, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$5,996
$5,662
$1,148
Average Tustin, California Tax Savings
Ownwell’s Tustin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tustin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tustin 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 Tustin. 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 Tustin, California
Property taxes in Tustin, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tustin is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Tustin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tustin 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 Tustin's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92780 zip code has the highest median property tax rate of 1.16%, while the 92782 zip code has the lowest median tax rate of 1.06%. Understanding how these areas compare with Tustin 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 Tustin Tax Rate
1.13%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tustin, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92705 | 1.09% | 1.09% | 1.10% | 1.11% | 1.12% |
| 92780 | 1.07% | 1.12% | 1.16% | 1.22% | 1.37% |
| 92782 | 1.04% | 1.04% | 1.06% | 1.41% | 1.71% |
Source: Ownwell
$1,148
Average Tustin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tustin, California
In Tustin, 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. In Tustin, assessment notices 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. The median home price in Tustin is $530,604, with tax bills ranging significantly. For instance, the highest median tax bill is $12,226 in the 92705 zip code, while the lowest is $4,765 in the 92780 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Tustin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tustin Assessed Value
$530,604
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 Tustin, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92705 | $850,447 | $992,748 | $1,111,170 | $1,456,323 | $1,757,493 |
| 92780 | $101,643 | $229,526 | $407,162 | $645,160 | $849,220 |
| 92782 | $320,375 | $479,400 | $709,448 | $1,017,900 | $1,377,992 |
Source: Ownwell
$1,148
Average Tustin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tustin, California
In Tustin, located in Orange County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is often a percentage of the market value, and various factors such as property improvements and market trends can influence it. Homeowners in Tustin can expect property tax bills to fall between $3,685 at the 25th percentile and $13,982 at the 90th percentile, with the median home price at $530,604. The tax rate in Tustin may be influenced by local levies and bonds, leading to variations across different neighborhoods. For instance, the highest median tax bill in the area is $12,226 in zip code 92705, while the lowest median tax bill is $4,765 in zip code 92780. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By reviewing your property’s assessed value and identifying discrepancies, Ownwell can potentially lower your tax bill, ensuring you only pay your fair share.
Average Tustin Tax Bill
$5,995
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Tustin, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92705 | $9,476 | $10,694 | $12,226 | $15,948 | $19,100 |
| 92780 | $1,522 | $2,893 | $4,765 | $7,294 | $9,489 |
| 92782 | $3,392 | $5,292 | $8,507 | $12,899 | $19,336 |
Source: Ownwell
$1,148
Average Tustin 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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