Harmony, California Property Taxes
The median property tax rate in Harmony, CA is 1.04%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Harmony at $507,609, the typical annual property tax bill reaches $5,178, significantly exceeding the national median of $2,690. Property taxes in Harmony are calculated based on the assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harmony'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 Harmony 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
Harmony, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$5,279
$4,899
Ownwell’s Harmony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harmony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harmony to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Harmony, California
Property taxes in Harmony, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harmony is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Harmony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harmony 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 Harmony's effective property tax rate to other counties in California and the national median. For comparison, the 93435 ZIP code has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Harmony 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 Harmony Tax Rate
1.04%
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 Harmony, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93435 | 1.03% | 1.04% | 1.04% | 1.05% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Harmony, California
In Harmony, 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 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 Harmony, 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. The median home price in Harmony is $507,609, with tax bills ranging from $4,443 at the 25th percentile to $14,275 at the 90th percentile. The highest and lowest median tax bill in Harmony is $5,178, found in zip code 93435. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harmony Assessed Value
$507,609
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 Harmony, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93435 | $309,726 | $415,508 | $507,609 | $897,000 | $1,371,615 |
Source: Ownwell
Property Tax Bills Across Harmony, California
In Harmony, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of the property. The process begins with the county assessor determining the property's assessed value, which is often influenced by the market value. Once the assessed value is established, the property tax rate is applied. In Harmony, the tax rate is reflective of the broader California standards and can significantly impact homeowners. For instance, with a median home price of $507,609, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $4,443, while the 75th percentile tax bill reaches $9,335. At the 90th percentile, homeowners might see tax bills as high as $14,275. These figures illustrate the range of property tax burdens in Harmony, highlighting how the assessed value and corresponding tax rates can lead to substantial differences in annual tax obligations. Homeowners in the highest median tax bill zip code, 93435, face a median tax bill of $5,178, emphasizing the financial considerations tied to property ownership in this region.
Average Harmony Tax Bill
$5,178
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 Harmony, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93435 | $3,296 | $4,443 | $5,178 | $9,335 | $14,275 |
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 |