San Simeon, California Property Taxes
The median property tax rate in San Simeon, CA is 1.06%, 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 San Simeon at $347,971, the typical annual property tax bill amounts to $3,619, surpassing the national median of $2,690. Property taxes in San Simeon are calculated based on the assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding San Simeon'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 San Simeon 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 Simeon, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s San Simeon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Simeon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Simeon 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 Simeon, California
Property taxes in San Simeon, 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 Simeon is 1.06%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within San Simeon set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Simeon 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 Simeon's effective property tax rate to other counties in California and the national median. For comparison, the 93452 zip code has the highest median property tax rate of 1.06%, while the 93452 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with San Simeon 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 Simeon Tax Rate
1.06%
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 Simeon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93452 | 0.93% | 1.04% | 1.06% | 1.07% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across San Simeon, California
In San Simeon, 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 Simeon, 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 Simeon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in San Simeon both amount to $3,619, specifically in the 93452 zip code.
Property Tax Assessment Values Across San Simeon, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average San Simeon Assessed Value
$347,971
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 Simeon, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93452 | $55,800 | $194,970 | $347,971 | $470,118 | $694,370 |
Source: Ownwell
Property Tax Bills Across San Simeon, California
In San Simeon, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in San Simeon is $347,971. Property tax rates in the area are influenced by various factors, including local government budgets and voter-approved measures. The median property tax rate in San Simeon aligns with the national median rate of 0.99%. Homeowners in San Simeon can expect their tax bills to vary significantly. At the 25th percentile, property tax bills are around $2,029, while at the 75th percentile, they can reach up to $4,889. For those at the 90th percentile, tax bills may climb to $7,110. The highest and lowest median tax bills in the area are both $3,619, indicating some consistency across different properties. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents.
Average San Simeon Tax Bill
$3,619
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 Simeon, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93452 | $581 | $2,029 | $3,619 | $4,889 | $7,110 |
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 |