Santa Margarita, San Luis Obispo County, California Property Taxes

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

Median Santa Margarita, 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 Santa Margarita, CA home value: $267,140
Median annual Santa Margarita, CA tax bill: $2,864, $464 higher than the national median property tax bill of $2,400.

How are property taxes in San Luis Obispo calculated?

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

Last Updated March 1, 2025

Santa Margarita, 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

$2,992

$2,776

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

Property Tax Rates Across Santa Margarita, San Luis Obispo County, California

Local government entities set tax rates, which can vary widely within a state. Annually, 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.

Santa Margarita in San Luis Obispo County has a property tax rate of 1.12%, which aligns with the highest and lowest rates in the area. This rate is slightly above the national median property tax rate of 1.02%. When comparing Santa Margarita to other cities in California, it's important to note that property tax rates can fluctuate based on local budgetary needs and the value of taxable properties. The median property tax rate in California is also 1.12%, reflecting the state's diverse economic landscape and varying property values. Understanding these differences can help property owners in Santa Margarita plan their finances better and explore potential savings through property tax appeals and exemptions.

Property Tax Rates Across Santa Margarita, 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 Santa Margarita 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 Santa Margarita, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
93453	1.05%	1.09%	1.12%	1.12%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Santa Margarita, San Luis Obispo County, California

When examining property taxes in Santa Margarita, 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 April. 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 Santa Margarita. For example, the median home price in Santa Margarita is $267,140, with tax bills ranging significantly across the county. Zip code 93453 has the highest median home price at $267,140.

Property Tax Assessment Values Across Santa Margarita, San Luis Obispo County, California

Source: Ownwell

$267,140

$548,274

$829,408

Median Santa Margarita Market Value

$267,140

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 Santa Margarita, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
93453	$47,318	$120,437	$267,140	$494,988	$699,385

Source: Ownwell

Property Tax Bills Across Santa Margarita, San Luis Obispo County, California

In Santa Margarita, located in San Luis Obispo County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects the market value at the time of purchase, with annual increases capped at 2% under Proposition 13. The median home price in the area is $267,140, leading to varied tax bills across different percentiles. For instance, the 25th percentile tax bill is $1,312, while the 75th percentile reaches $5,307. Comparatively, the national median property tax bill is $2,400, highlighting the range within Santa Margarita. Homeowners can face significant financial impacts due to these variations, especially if their property is assessed at a higher value. This is where Ownwell can assist by providing property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local expertise and understanding of the property tax system, Ownwell helps homeowners achieve savings and reduce their financial burden.

Property Tax Bills Across Santa Margarita, San Luis Obispo County, California

Source: Ownwell

$2,864

$5,557

$8,249

Median Santa Margarita Tax Bill

$2,864

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 Santa Margarita, San Luis Obispo County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
93453	$565	$1,312	$2,864	$5,307	$7,667

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