Nipomo, California Property Taxes
The median property tax rate in Nipomo, 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 a median home value of $525,160, the typical annual property tax bill in Nipomo reaches $5,401, significantly exceeding the national median of $2,690. Property taxes in Nipomo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Nipomo'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 Nipomo or another part of San Luis Obispo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nipomo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$5,462
$5,068
Ownwell’s Nipomo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nipomo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nipomo 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 Nipomo, California
Property taxes in Nipomo, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nipomo is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Nipomo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nipomo 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 Nipomo's effective property tax rate to other regions and the national median. For comparison, the 93444 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Nipomo 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 Nipomo 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 Nipomo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93444 | 0.99% | 1.03% | 1.04% | 1.04% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Nipomo, California
In Nipomo, 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 Nipomo, 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 Nipomo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 93444 in Nipomo has both the highest and lowest median tax bills, valued at $5,401.
Average Nipomo Assessed Value
$525,160
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 Nipomo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93444 | $181,856 | $313,625 | $525,160 | $766,968 | $1,023,566 |
Source: Ownwell
Property Tax Bills Across Nipomo, California
In Nipomo, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a home, which is influenced by its market value. The median home price in Nipomo is $525,160. Property tax rates are applied to this assessed value to determine the final tax bill. Various factors, including property size, location, and any improvements made, contribute to the assessed value. Homeowners in Nipomo can expect to pay property taxes that vary widely depending on their property's specific characteristics. The tax bill at the 25th percentile is $3,217, while at the 75th percentile, it rises to $7,846. For those at the 90th percentile, the tax bill can be as high as $10,287. Comparatively, the national median property tax rate is 0.99%, making Nipomo's property tax rates relatively significant. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Nipomo Tax Bill
$5,401
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 Nipomo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93444 | $1,971 | $3,217 | $5,401 | $7,846 | $10,287 |
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 |