Creston, California Property Taxes
The median property tax rate in Creston, CA is 1.11%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Creston at $467,983, the typical annual property tax bill reaches $5,063, exceeding the national median of $2,690. Property taxes in Creston 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 Creston'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 Creston 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
Creston, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$5,195
$4,820
Ownwell’s Creston Property Tax Bill Calculator offers homeowners, real estate investors, and prospective buyers a simple way to estimate their annual property taxes in Creston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creston to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Creston, California
Property taxes in Creston, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creston is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Creston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creston 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 Creston's effective property tax rate to other regions and the national median. For comparison, the 93432 zip code has the same median property tax rate of 1.11%. Understanding how these areas compare with Creston 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 Creston Tax Rate
1.11%
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 Creston, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93432 | 1.04% | 1.09% | 1.11% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Creston, California
In Creston, 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 San Luis Obispo 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 Creston, 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 Creston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Creston is $5,063 in the 93432 zip code, while the lowest is also $5,063 in the same zip code.
Average Creston Assessed Value
$467,983
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 Creston, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93432 | $145,148 | $284,345 | $467,983 | $749,382 | $1,219,930 |
Source: Ownwell
Property Tax Bills Across Creston, California
In Creston, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value typically reflects the market value of the property at the time of purchase, with annual adjustments for inflation not exceeding 2% per year. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For homeowners in Creston, the median home price is $467,983. Property tax bills can vary significantly, with the 25th percentile tax bill at $3,059, the 75th percentile at $8,146, and the 90th percentile reaching $13,297. The highest and lowest median tax bills in the area both stand at $5,063, reflecting the uniformity in tax rates across different zip codes within Creston. Compared to the national median property tax rate of 0.99%, Creston's tax rates can result in substantial annual costs, impacting homeowners' financial planning and overall affordability of owning property in the area.
Average Creston Tax Bill
$5,063
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 Creston, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93432 | $1,558 | $3,059 | $5,063 | $8,146 | $13,297 |
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 |