Lompoc, California Property Taxes
The median property tax rate in Lompoc, CA is 1.11%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With the median home value in Lompoc at $283,815, the typical annual property tax bill reaches $3,052, surpassing the national median of $2,690. Property taxes in Lompoc are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lompoc'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 Lompoc 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
Lompoc, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,150
$2,976
$1,148
Average Lompoc, California Tax Savings
Ownwell’s Lompoc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lompoc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lompoc 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 Lompoc. 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 Lompoc, California
Property taxes in Lompoc, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lompoc is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lompoc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lompoc 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 Lompoc's effective property tax rate to other areas in California and the national median. For comparison, the 93436 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 areas compare with Lompoc provides valuable insights into the varying tax landscape across Santa Barbara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lompoc Tax Rate
1.11%
Average Santa Barbara County Tax Rate
1.09%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lompoc, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93436 | 1.05% | 1.09% | 1.11% | 1.13% | 1.21% |
Source: Ownwell
$1,148
Average Lompoc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lompoc, California
In Lompoc, 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 Santa Barbara 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 Lompoc, 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 Lompoc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lompoc is $283,815, with tax bills ranging from $1,948 at the 25th percentile to $5,997 at the 90th percentile. The zip code 93436 has both the highest and lowest median tax bill at $3,052.
Average Lompoc Assessed Value
$283,815
Average Santa Barbara County Assessed Value
$420,000
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lompoc, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93436 | $84,495 | $180,800 | $283,815 | $409,917 | $546,602 |
Source: Ownwell
$1,148
Average Lompoc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lompoc, California
In Lompoc, located in Santa Barbara County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically determined by the county assessor and is influenced by the market value of the home. Factors such as recent sales data, home improvements, and overall market conditions in the area are considered. The median home price in Lompoc is $283,815, with property tax bills ranging from $1,948 at the 25th percentile to $5,997 at the 90th percentile. The highest median tax bill in the area is $3,052, aligning with the national median property tax rate of 0.99%. Homeowners in Lompoc can face substantial property tax bills, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are assessed accurately. This can lead to significant savings on property tax bills, making homeownership more affordable and manageable.
Average Lompoc Tax Bill
$3,052
Average Santa Barbara County Tax Bill
$4,701
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Lompoc, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93436 | $907 | $1,948 | $3,052 | $4,412 | $5,997 |
Source: Ownwell
$1,148
Average Lompoc 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 | |
|---|---|
| Santa Barbara Tax Assessor | |
| Website | www.sbcvote.com |
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