San Luis Obispo, California Property Taxes
The median property tax rate in San Luis Obispo, CA is 1.03%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Luis Obispo at $544,462, the typical annual property tax bill reaches $5,393, significantly exceeding the national median of $2,690. Property taxes in San Luis Obispo are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding San Luis Obispo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of San Luis Obispo 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
San Luis Obispo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$5,608
$5,296
Ownwell’s San Luis Obispo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Luis Obispo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Luis Obispo 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 San Luis Obispo, California
Property taxes in San Luis Obispo, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Luis Obispo is 1.03%, slightly above the U.S. national median of 0.99%. Local government entities within San Luis Obispo set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Luis Obispo 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 San Luis Obispo's effective property tax rate to other areas in San Luis Obispo County and the national median. For comparison, the 93420 zip code has the highest median property tax rate of 1.25%, while the 93401 zip code has the lowest median tax rate of 1.03%. Understanding how these areas compare with San Luis Obispo 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 San Luis Obispo Tax Rate
1.03%
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 San Luis Obispo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93401 | 0.95% | 1.02% | 1.03% | 1.04% | 1.05% |
| 93402 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 93405 | 0.96% | 1.02% | 1.04% | 1.04% | 1.04% |
| 93420 | 1.08% | 1.15% | 1.25% | 1.36% | 1.42% |
| 93453 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across San Luis Obispo, California
In San Luis Obispo, 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 San Luis Obispo, 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. For instance, the highest median tax bill is $23,863 in zip code 93402, while the lowest median tax bill is $5,308 in zip code 93453. Being aware of these valuation processes in San Luis Obispo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Luis Obispo, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average San Luis Obispo Assessed Value
$544,462
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 San Luis Obispo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93401 | $96,156 | $289,362 | $540,940 | $814,738 | $1,079,190 |
| 93402 | $2,298,576 | $2,298,576 | $2,298,576 | $2,298,576 | $2,298,576 |
| 93405 | $111,394 | $294,792 | $549,606 | $790,704 | $1,061,208 |
| 93420 | $1,134,788 | $1,163,102 | $1,210,292 | $1,257,481 | $1,285,795 |
| 93453 | $511,172 | $511,172 | $511,172 | $511,172 | $511,172 |
Source: Ownwell
Property Tax Bills Across San Luis Obispo, California
In San Luis Obispo, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is generally a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual property tax bill. For example, the median home price in San Luis Obispo is $544,462. With varying tax bills, homeowners in the 25th percentile pay around $2,929, while those in the 75th percentile face bills of about $8,127. At the 90th percentile, tax bills can reach $10,907. The highest median tax bill in the county is $23,863 in the 93402 zip code, whereas the lowest is $5,308 in the 93453 zip code. These figures reflect how property taxes can significantly impact homeowners, with higher-valued properties incurring larger tax bills. Compared to the national median property tax rate of 0.99%, San Luis Obispo's rates and home values create a diverse range of tax obligations for its residents.
Average San Luis Obispo Tax Bill
$5,393
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 San Luis Obispo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93401 | $1,024 | $2,914 | $5,386 | $8,262 | $10,975 |
| 93402 | $23,863 | $23,863 | $23,863 | $23,863 | $23,863 |
| 93405 | $1,128 | $2,958 | $5,401 | $7,912 | $10,772 |
| 93420 | $13,864 | $14,269 | $14,945 | $15,621 | $16,026 |
| 93453 | $5,308 | $5,308 | $5,308 | $5,308 | $5,308 |
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 |