Rural South Coast, California Property Taxes
The median property tax rate in RURAL SOUTH COAST, CA is 1.04%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in RURAL SOUTH COAST at $597,742, the typical annual property tax bill reaches $6,191, significantly exceeding the national median of $2,690. Property taxes in RURAL SOUTH COAST are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding RURAL SOUTH COAST'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 RURAL SOUTH COAST 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
Rural South Coast, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$6,217
$5,769
Ownwell’s RURAL SOUTH COAST Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RURAL SOUTH COAST with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RURAL SOUTH COAST 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 Rural South Coast, California
Property taxes in RURAL SOUTH COAST, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in RURAL SOUTH COAST is 1.04%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within RURAL SOUTH COAST set these rates annually, and they can vary significantly across different neighborhoods. Each year, RURAL SOUTH COAST 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 RURAL SOUTH COAST's effective property tax rate to other counties in California and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while the lowest median tax rate is considerably lower. Understanding how these cities compare with RURAL SOUTH COAST 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 Rural South Coast 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 Rural South Coast, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Rural South Coast, California
In RURAL SOUTH COAST, 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 RURAL SOUTH COAST, 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 RURAL SOUTH COAST helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $597,742, with tax bills ranging from $3,632 at the 25th percentile to $10,284 at the 90th percentile.
Property Tax Assessment Values Across Rural South Coast, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average Rural South Coast Assessed Value
$597,742
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 Rural South Coast, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Rural South Coast, California
In the city of Rural South Coast in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in this area face varying tax bills depending on several factors, including the property's assessed value and the local tax rate. For instance, the median home price in Rural South Coast is $597,742. Homeowners in the 25th percentile pay around $3,632 in property taxes, while those in the 75th percentile pay approximately $8,749. At the 90th percentile, the tax bill can reach up to $10,284. These figures highlight the range of property tax liabilities that homeowners might encounter. Compared to the national median property tax rate of 0.99%, the property tax rates in Rural South Coast can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Rural South Coast Tax Bill
$6,191
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 Rural South Coast, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 |