Oceano, San Luis Obispo County, California Property Taxes

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

Median Oceano, CA effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Oceano, CA home value: $290,856
Median annual Oceano, CA tax bill: $3,423, $1,023 higher than the national median property tax bill of $2,400.

How are property taxes in San Luis Obispo calculated?

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

Last Updated March 1, 2025

Oceano, San Luis Obispo County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$3,258

$3,023

Ownwell’s Oceano Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oceano with just two data points. By entering your property's estimated assessed value, our calculator applies Oceano’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oceano, San Luis Obispo County, California

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Oceano, located in San Luis Obispo County, CA, the effective property tax rate stands at 1.12%. This rate is slightly above the national median property tax rate of 1.02%. However, it's important to note that property tax rates can vary significantly across different regions within California. Oceano's rate is reflective of the county's budgetary needs and the total assessed value of properties within the area. When comparing Oceano's property tax rate to other cities in California, it becomes evident that local economic conditions and government services play a significant role in determining these rates. Understanding these nuances can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Oceano, 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 Oceano Tax Rate

1.12%

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 Oceano, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93420	N/A	N/A	N/A	N/A	N/A
93445	0.97%	1.09%	1.12%	1.19%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Oceano, San Luis Obispo County, California

When examining property taxes in Oceano, 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 Assessor's Office 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 March. 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 Oceano. For example, the median home price in Oceano is $290,856, with tax bills ranging significantly across the county. 93445 has the highest median home price at $290,873.

Property Tax Assessment Values Across Oceano, San Luis Obispo County, California

Source: Ownwell

$267,140

$548,274

$829,408

Median Oceano Market Value

$290,856

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 Oceano, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93420	N/A	N/A	N/A	N/A	N/A
93445	$32,573	$123,322	$290,873	$457,518	$639,447

Source: Ownwell

Property Tax Bills Across Oceano, San Luis Obispo County, California

In Oceano, located in San Luis Obispo County, CA, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value typically reflects the market value of the property, which in Oceano is around $290,856. Homeowners in this region face property tax bills that can range significantly. For example, the 25th percentile tax bill is approximately $1,812, while the 75th percentile tax bill can reach up to $5,053. At the 90th percentile, tax bills can soar to $6,714, indicating a wide variance based on property value and location. With the national median property tax rate at 1.02%, homeowners in Oceano may find their tax obligations higher than average, affecting their financial planning and affordability. Ownwell offers expert property tax appeal and exemption services that can help homeowners reduce their tax burdens. By analyzing property assessments and identifying potential discrepancies, Ownwell assists in securing tax reductions, ultimately saving homeowners money.

Property Tax Bills Across Oceano, San Luis Obispo County, California

Source: Ownwell

$2,864

$5,557

$8,249

Median Oceano Tax Bill

$3,423

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 Oceano, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93420	N/A	N/A	N/A	N/A	N/A
93445	$654	$1,817	$3,423	$5,058	$6,716

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