San Miguel, California Property Taxes
The median property tax rate in San Miguel, CA is 1.09%, 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 $378,156, the typical annual property tax bill in San Miguel reaches $4,022, significantly exceeding the national median of $2,690. Property taxes in San Miguel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding San Miguel'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 Miguel 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 Miguel, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$4,122
$3,893
Ownwell’s SAN MIGUEL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN MIGUEL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN MIGUEL 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 Miguel, California
Property taxes in San Miguel, 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 Miguel is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within San Miguel set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Miguel 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 Miguel's effective property tax rate to other areas in California and the national median. For comparison, the 93451 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these figures compare with San Miguel 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 Miguel Tax Rate
1.09%
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 Miguel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93451 | 1.00% | 1.06% | 1.09% | 1.11% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across San Miguel, California
In San Miguel, 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 Miguel, 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 San Miguel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 93451, with a median tax bill of $4,022.
Property Tax Assessment Values Across San Miguel, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average San Miguel Assessed Value
$378,156
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 Miguel, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93451 | $140,547 | $266,300 | $378,156 | $465,000 | $754,078 |
Source: Ownwell
Property Tax Bills Across San Miguel, California
In San Miguel, located in San Luis Obispo County, CA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is often based on the property's market value, which can fluctuate with real estate trends. For homeowners in San Miguel, the median home price is $378,156. Property tax rates in the area are influenced by factors such as local government budgets and voter-approved measures. Homeowners in San Miguel can expect a wide range of property tax bills. The 25th percentile tax bill is around $2,758, while those in the 75th percentile might pay approximately $4,916. At the higher end, the 90th percentile tax bill reaches up to $7,757. The highest and lowest median tax bills in the area are consistent at $4,022, indicating some uniformity in tax assessments. Understanding these factors is crucial for homeowners as property taxes significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, San Miguel's rates reflect the local economic environment and public service needs.
Average San Miguel Tax Bill
$4,022
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 Miguel, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93451 | $1,519 | $2,758 | $4,022 | $4,916 | $7,757 |
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 |