Templeton, California Property Taxes
The median property tax rate in Templeton, CA is 1.08%, 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 $543,500 in Templeton, the typical annual property tax bill reaches $5,742, significantly exceeding the national median of $2,690. Property taxes in Templeton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Templeton'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 Templeton or another part of San Luis Obispo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Templeton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$5,870
$5,543
Ownwell’s Templeton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Templeton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Templeton to provide an accurate estimate of your property tax bill. This feature helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling further down the page. Your property’s assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Templeton, California
Property taxes in Templeton, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Templeton is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Templeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Templeton 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 Templeton's effective property tax rate to other areas in San Luis Obispo County and the national median. For comparison, the 93465 zip code has the highest median property tax rate of 1.08%, while the 93465 zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Templeton 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 Templeton Tax Rate
1.08%
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 Templeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93465 | 1.03% | 1.06% | 1.08% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Templeton, California
In Templeton, 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 Appraisal District 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 Templeton, 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 Templeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Templeton are both $5,742, found in zip code 93465.
Property Tax Assessment Values Across Templeton, California
Source: Ownwell
$25,600
$1,162,088
$2,298,576
Average Templeton Assessed Value
$543,500
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 Templeton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93465 | $184,735 | $347,178 | $543,500 | $811,961 | $1,218,904 |
Source: Ownwell
Property Tax Bills Across Templeton, California
In Templeton, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is influenced by factors such as the property's location, size, and condition. For homeowners in Templeton, located in San Luis Obispo County, the median home price is $543,500. Property tax rates in this area can vary, but the median tax bill is calculated to be around $5,742 annually. This amount can fluctuate significantly; for instance, homeowners in the 25th percentile may see tax bills around $3,705, while those in the 75th percentile could face bills as high as $8,467. At the 90th percentile, tax bills can reach up to $12,550. These taxes go towards funding local services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Templeton's rates reflect the region's specific economic and property value conditions, impacting homeowners' annual financial obligations.
Average Templeton Tax Bill
$5,742
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 Templeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93465 | $2,024 | $3,705 | $5,742 | $8,467 | $12,550 |
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 |