Coronado, California Property Taxes
The median property tax rate in Coronado, CA is 1.11%, slightly higher than the national median of 0.99% but below the California state median of 1.21%. With the median home value in Coronado at $1,040,400, the typical annual property tax bill reaches $11,505, significantly exceeding the national median of $2,690. Property taxes in Coronado are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence exemption. Understanding Coronado'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 Coronado or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coronado, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$11,548
$10,908
$1,148
Average Coronado, California Tax Savings
Ownwell’s Coronado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coronado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coronado 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 Coronado. 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 Coronado, California
Property taxes in Coronado, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coronado is 1.11%, higher than the U.S. national median of 0.99%. Local government entities within Coronado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coronado 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 Coronado's effective property tax rate to other counties in California and the national median. For comparison, the 92118 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Coronado provides valuable insights into the varying tax landscape across San Diego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coronado Tax Rate
1.11%
Average San Diego County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coronado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92118 | 1.07% | 1.08% | 1.11% | 1.16% | 1.34% |
Source: Ownwell
$1,148
Average Coronado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Coronado, California
In Coronado, 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 San Diego 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 Coronado, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median tax bill in the 92118 zip code is $11,507. Being aware of these valuation processes in Coronado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Coronado, California
Source: Ownwell
$17,080
$1,327,607
$2,638,134
Average Coronado Assessed Value
$1,040,400
Average San Diego County Assessed Value
$454,653
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coronado, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92118 | $204,445 | $539,976 | $1,040,400 | $1,797,513 | $2,692,800 |
Source: Ownwell
$1,148
Average Coronado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Coronado, California
In Coronado, San Diego County, property tax bills are determined by the assessed value of a home, which is derived from its market value. With a median home price of $1,040,400, homeowners can expect varying tax bills based on their property's assessed value. For instance, the 25th percentile tax bill is around $6,191, while the 75th percentile rises to $19,522. The 90th percentile tax bill can reach up to $29,078. These figures highlight the significant impact property taxes can have on homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Ownwell offers a solution to help homeowners in Coronado reduce their property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell can identify discrepancies in assessed values and work to lower them. This proactive approach not only ensures fair taxation but also provides substantial savings, making homeownership more affordable in a high-value market like Coronado.
Average Coronado Tax Bill
$11,505
Average San Diego County Tax Bill
$5,506
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Coronado, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92118 | $2,700 | $6,197 | $11,507 | $19,524 | $29,086 |
Source: Ownwell
$1,148
Average Coronado 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 | |
|---|---|
| San Diego Tax Assessor | |
| Phone | (858) 505-6262 |
| Website | assr.parcelquest.com |
| arcc.fgg@sdcounty.ca.gov | |
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