Laguna Beach, California Property Taxes
The median property tax rate in Laguna Beach, CA is 1.12%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Laguna Beach at $1,189,648, the typical annual property tax bill reaches $13,463, exceeding the national median of $2,690. Property taxes in Laguna Beach are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Laguna Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Laguna 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
Laguna Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$13,324
$12,583
$1,148
Average Laguna Beach, California Tax Savings
Ownwell’s Laguna Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laguna Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laguna 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 Laguna 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 Laguna Beach, California
Property taxes in Laguna Beach, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laguna Beach is 1.12%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Laguna Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laguna 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 Laguna Beach's effective property tax rate to other areas in Orange County and the national median. For comparison, the 92651 zip code has the highest median property tax rate of 1.12%, while the 92656 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Laguna 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 Laguna Beach Tax Rate
1.12%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laguna Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92651 | 1.03% | 1.06% | 1.12% | 1.25% | 1.59% |
| 92656 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
$1,148
Average Laguna Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Laguna Beach, California
In Laguna 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 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. Being aware of these valuation processes in Laguna Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is in the 92656 zip code at $14,289, while the lowest is in the 92651 zip code at $13,463.
Property Tax Assessment Values Across Laguna Beach, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Laguna Beach Assessed Value
$1,189,648
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 Laguna Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92651 | $193,196 | $539,076 | $1,189,648 | $2,244,000 | $3,934,814 |
| 92656 | $1,293,860 | $1,293,860 | $1,293,860 | $1,293,860 | $1,293,860 |
Source: Ownwell
$1,148
Average Laguna Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Laguna Beach, California
In Laguna Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the Orange County Assessor's Office. The assessed value is typically a percentage of the market value, and the tax rate is applied to this value. With a median home price of $1,189,648, property tax bills can vary significantly. For example, the 25th percentile tax bill is around $6,816, while the 75th percentile reaches $24,163, and the 90th percentile can soar to $41,207. Factors influencing the tax bill include the property's location, market conditions, and any applicable exemptions or assessments. Homeowners in Laguna Beach face higher property tax bills compared to the national median property tax rate of 0.99%, making it crucial to ensure their assessments are accurate. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and market conditions, Ownwell can identify discrepancies and work to reduce your tax bill, potentially saving you thousands of dollars annually.
Average Laguna Beach Tax Bill
$13,463
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Laguna Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92651 | $3,291 | $6,817 | $13,463 | $24,165 | $41,210 |
| 92656 | $14,289 | $14,289 | $14,289 | $14,289 | $14,289 |
Source: Ownwell
$1,148
Average Laguna 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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