Morro Bay, San Luis Obispo County, California Property Taxes

Name: Property Tax Bills Across Morro Bay, San Luis Obispo County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Morro Bay, CA effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Morro Bay, CA home value: $488,944
Median annual Morro Bay, CA tax bill: $4,978, $2,578 higher than the national median property tax bill of $2,400.

How are property taxes in San Luis Obispo calculated?

Property taxes in Morro Bay, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Morro Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morro Bay, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morro Bay, San Luis Obispo County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$5,085

$4,719

Ownwell’s Morro Bay Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morro Bay with just two data points. By entering your property's estimated assessed value, our calculator applies Morro Bay’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in San Luis Obispo County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morro Bay, San Luis Obispo County, California

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their required budget to fund services and divide it by the total value of all taxable property in their area. This calculation yields the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Morro Bay, located in San Luis Obispo County, CA, the effective property tax rate is a key factor for homeowners to consider. While the median property tax rate in California is slightly above the national average, Morro Bay's rate aligns closely with the state's median. This offers a unique perspective for property owners evaluating their tax obligations. Comparatively, the U.S. median property tax rate stands at 1.02%, providing a benchmark for assessing local rates. Understanding these differences is crucial for homeowners looking to manage their property tax expenses effectively. By staying informed, property owners in Morro Bay can make strategic decisions regarding their investments and potential tax savings.

Property Tax Rates Across Morro Bay, San Luis Obispo County, California

Source: Ownwell

1.03%

1.31%

1.58%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Morro Bay Tax Rate

1.04%

Median Effective San Luis Obispo County Tax Rate

1.06%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morro Bay, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93442	0.99%	1.02%	1.04%	1.04%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Morro Bay, San Luis Obispo County, California

When examining property taxes in Morro Bay, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The San Luis Obispo County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In San Luis Obispo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Morro Bay.

For example, the median home price in Morro Bay is $488,944, with tax bills ranging significantly across the county. The 93442 zip code has the highest median home price at $488,944.

Property Tax Assessment Values Across Morro Bay, San Luis Obispo County, California

Source: Ownwell

$267,140

$548,274

$829,408

Median Morro Bay Market Value

$488,944

Median San Luis Obispo County Market Value

$470,020

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morro Bay, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93442	$95,836	$261,004	$488,944	$733,742	$976,077

Source: Ownwell

Property Tax Bills Across Morro Bay, San Luis Obispo County, California

In Morro Bay, located in San Luis Obispo County, CA, property tax bills are primarily determined by the assessed value of a home, which is influenced by the market value and local tax rates. The median home price in Morro Bay is $488,944. Homeowners in this area experience a range of property tax bills, with the 25th percentile at $2,685 and the 90th percentile reaching $9,921. The highest and lowest median tax bills in the area are both $4,978, indicating a consistent tax burden across the region. Compared to the national median property tax bill of $2,400, Morro Bay's tax bills can be significantly higher, affecting homeowners' financial planning. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burden. By analyzing local market conditions and leveraging expertise in property tax law, Ownwell can help homeowners achieve savings on their property tax bills, ensuring they only pay what is fair and equitable.

Property Tax Bills Across Morro Bay, San Luis Obispo County, California

Source: Ownwell

$2,864

$5,557

$8,249

Median Morro Bay Tax Bill

$4,978

Median San Luis Obispo County Tax Bill

$5,157

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Morro Bay, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93442	$1,075	$2,685	$4,978	$7,448	$9,921

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