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Costa Mesa, California Property Taxes

The median property tax rate in Costa Mesa, CA is 1.19%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in Costa Mesa at $552,718, the typical annual property tax bill reaches $6,644, far exceeding the national median of $2,690. Property taxes in Costa Mesa are calculated based on the assessed value, which often falls below market value due to exemptions such as the primary residence exemption. Understanding Costa Mesa'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 Costa Mesa 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

Costa Mesa, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.19%

Estimate Property Tax Bill

$6,577

$6,104

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Costa Mesa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Costa Mesa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Costa Mesa 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 Costa Mesa. 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 Costa Mesa, California

Property taxes in Costa Mesa, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Costa Mesa is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Costa Mesa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Costa Mesa 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 Costa Mesa's effective property tax rate to other counties in California and the national median. For comparison, the 92626 zip code has the highest median property tax rate of 1.20%, while the 92630 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Costa Mesa 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.

Property Tax Rates Across Costa Mesa, California

Source: Ownwell

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1.01%

1.33%

1.65%

Average Costa Mesa Tax Rate

1.19%

Average Orange County Tax Rate

1.14%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Costa Mesa, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
926261.13%1.16%1.20%1.32%1.75%
926271.10%1.14%1.18%1.28%1.50%
926301.10%1.10%1.10%1.10%1.10%

Source: Ownwell

Property Tax Assessment Values Across Costa Mesa, California

In Costa Mesa, 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 Costa Mesa, 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. In Costa Mesa, the highest median tax bill is $6,916 in the 92627 zip code, while the lowest is $118 in the 92630 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Costa Mesa, California

Source: Ownwell

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$10,700

$1,158,683

$2,306,666

Average Costa Mesa Assessed Value

$552,718

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 Costa Mesa, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
92626$125,636$302,026$535,028$814,872$1,028,127
92627$87,606$294,721$573,958$891,199$1,243,355
92630$10,700$10,700$10,700$10,700$10,700

Source: Ownwell

Property Tax Bills Across Costa Mesa, California

In Costa Mesa, located in Orange County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, determined by the county assessor's office. Factors such as property improvements, location, and market trends influence this valuation. The median home price in Costa Mesa is $552,718, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $3,970, while the 75th percentile reaches $9,863, and the 90th percentile can be as high as $12,926. The highest median tax bill in the area is $6,916 in the 92627 zip code, contrasting sharply with the lowest median tax bill of $118 in the 92630 zip code. Ownwell can assist homeowners by appealing their property tax assessments, potentially lowering their tax bills. By conducting a thorough analysis and leveraging local market data, Ownwell identifies discrepancies in assessed values, ensuring homeowners only pay their fair share of property taxes. This service can lead to significant savings, providing financial relief to property owners.

Property Tax Bills Across Costa Mesa, California

Source: Ownwell

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$118

$12,784

$25,450

Average Costa Mesa Tax Bill

$6,644

Average Orange County Tax Bill

$5,879

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Costa Mesa, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
92626$2,171$4,005$6,411$9,439$11,724
92627$1,918$3,983$6,916$10,362$14,143
92630$118$118$118$118$118

Source: Ownwell

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