Cambria, California Property Taxes
The median property tax rate in Cambria, 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 a median home value of $571,359 in Cambria, the typical annual property tax bill amounts to $6,065, significantly surpassing the national median of $2,690. Property taxes in Cambria are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Cambria's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Cambria or another part of San Luis Obispo County, gaining insight into the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Cambria, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$6,171
$5,828
Ownwell’s Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cambria to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Cambria, California
Property taxes in Cambria, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cambria is 1.08%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cambria 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 Cambria's effective property tax rate to other counties in California and the national median. For comparison, the 93428 zip code has both the highest and lowest median property tax rate of 1.08%. Understanding how these cities compare with Cambria provides valuable insights into the varying tax landscape across San Luis Obispo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cambria Tax Rate
1.08%
Average San Luis Obispo County Tax Rate
1.06%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cambria, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93428 | 1.05% | 1.07% | 1.08% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Cambria, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cambria, CA. 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 Luis Obispo County Appraisal District 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 Cambria, 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 Cambria is $571,359, with tax bills ranging from $3,869 at the 25th percentile to $12,546 at the 90th percentile. Interestingly, the zip code 93428 has both the highest and lowest median tax bill, standing at $6,065. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Cambria Assessed Value
$571,359
Average San Luis Obispo County Assessed Value
$470,020
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cambria, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93428 | $211,865 | $361,550 | $571,359 | $858,782 | $1,210,740 |
Source: Ownwell
Property Tax Bills Across Cambria, California
In Cambria, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a property, which is often influenced by the market value. Homeowners in this picturesque coastal town see their property tax rates determined by multiplying the assessed value by the local tax rate. The median home price in Cambria is $571,359, and the median property tax bill stands at approximately $6,065. This is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can affect the assessed value, thereby influencing the tax bill. For instance, tax bills in the 25th percentile are around $3,869, while those in the 75th percentile and 90th percentile can reach $8,967 and $12,546, respectively. High property taxes can impact homeowners by increasing the cost of homeownership, potentially affecting their long-term financial planning and stability. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Cambria Tax Bill
$6,065
Average San Luis Obispo County Tax Bill
$5,157
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Cambria, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93428 | $2,415 | $3,869 | $6,065 | $8,967 | $12,546 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Luis Obispo Tax Assessor | |
| Website | propertyinquiryportal.slocounty.ca.gov |