Capistrano Beach, California Property Taxes
The median property tax rate in Capistrano Beach, CA is 1.22%, slightly higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Capistrano Beach at $664,494, the typical annual property tax bill reaches $8,276, significantly exceeding the national median of $2,690. Property taxes in Capistrano 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 Capistrano 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 Capistrano 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
Capistrano Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$8,107
$7,523
$1,148
Average Tax Savings
Ownwell’s Capistrano Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Capistrano Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Capistrano 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 Capistrano 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 Capistrano Beach, California
Property taxes in Capistrano Beach, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Capistrano Beach is 1.22%, notably higher than the national median of 0.99%. Local government entities within Capistrano Beach set these rates annually, and they can vary across different neighborhoods. Each year, Capistrano 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 for setting property tax rates. The data below compares Capistrano Beach's effective property tax rate to other areas in Orange County and the national median. For comparison, the zip code 92624 has both the highest and lowest median property tax rate of 1.22%, providing a uniform tax landscape within Capistrano Beach. Understanding how these figures compare with Capistrano Beach offers 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 Capistrano Beach Tax Rate
1.22%
Average Orange County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Capistrano Beach, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92624 | 1.05% | 1.12% | 1.22% | 1.42% | 1.83% |
Source: Ownwell
$1,148
Average Capistrano Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Capistrano Beach, California
In Capistrano 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. In Capistrano Beach, 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 Capistrano Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Capistrano Beach is $8,276, with the same value being the highest and lowest median tax bill within the zip code 92624.
Property Tax Assessment Values Across Capistrano Beach, California
Source: Ownwell
$10,700
$1,158,683
$2,306,666
Average Capistrano Beach Assessed Value
$664,494
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 Capistrano Beach, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92624 | $110,152 | $315,636 | $664,494 | $1,140,908 | $1,963,094 |
Source: Ownwell
$1,148
Average Capistrano Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Capistrano Beach, California
In Capistrano Beach, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Orange County Assessor's Office. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors, such as property improvements and market conditions, can influence the assessed value. Homeowners in this area face a median home price of $664,494, with property tax bills ranging from $4,717 at the 25th percentile to $21,774 at the 90th percentile, and a median tax bill of $8,276. High property taxes can significantly impact homeowners, often leading to financial strain. This is where Ownwell comes in. By leveraging our expertise in property tax appeals and exemptions, we help homeowners potentially reduce their tax bills. Our team meticulously reviews property assessments and identifies discrepancies or opportunities for exemptions, ensuring you only pay your fair share. Partnering with Ownwell can lead to substantial savings and ease the financial burden of high property taxes.
Average Capistrano Beach Tax Bill
$8,276
Average Orange County Tax Bill
$5,879
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Capistrano Beach, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92624 | $2,686 | $4,717 | $8,276 | $13,278 | $21,774 |
Source: Ownwell
$1,148
Average Capistrano 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 | November 30 |
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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