Los Osos, California Property Taxes
The median property tax rate in Los Osos, CA is 1.58%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Los Osos, the typical annual property tax bill reaches $6,581, exceeding the national median of $2,690. Property taxes in Los Osos 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 Los Osos'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 Los Osos 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
Los Osos, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Los Osos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Los Osos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Los Osos 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 Los Osos, California
Property taxes in Los Osos, California, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Osos is 1.58%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Los Osos set these rates annually, and they can vary substantially across different neighborhoods. Each year, Los Osos 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 Los Osos's effective property tax rate to other areas in California and the national median. For comparison, the 93402 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these rates compare with Los Osos 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 Los Osos Tax Rate
1.58%
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 Los Osos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93402 | 1.04% | 1.35% | 1.58% | 1.98% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Los Osos, California
In Los Osos, 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 Los Osos, 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 Los Osos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93402 has the highest and lowest median tax bill, both at $6,581, reflecting the uniformity in property tax assessments within the area.
Property Tax Assessment Values Across Los Osos, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average Los Osos Assessed Value
$408,962
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 Los Osos, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93402 | $124,167 | $235,992 | $408,962 | $617,552 | $833,502 |
Source: Ownwell
Property Tax Bills Across Los Osos, California
In Los Osos, San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Various factors such as the property's location, size, and improvements contribute to this assessment. Homeowners in Los Osos can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $4,813, while the 75th percentile reaches $8,622, and the 90th percentile can go up to $10,460. The median home price in Los Osos is $408,962, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in this region may experience higher property taxes. These tax bills directly impact homeowners by influencing their annual housing costs, potentially affecting their financial planning and long-term investment in their property.
Average Los Osos Tax Bill
$6,581
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 Los Osos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93402 | $3,506 | $4,813 | $6,581 | $8,622 | $10,460 |
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 |