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South OC Times

Friday, November 29, 2024

Effective property tax rate in Orange County were lighter than the national average in Q2 2022

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Property owners in Orange County paid 0.5% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the South OC Times.

The median sales price of a Orange County home in the second quarter of 2022 was $1,200,000, based on data from the 5,640 properties sold during that time. In 2021 the median tax bill for the county was $5,978, which is 0.5% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Orange County real estate data showed homeowners in Ladera Ranch paid the highest tax rate of 0.8%.

The following table compares Ladera Ranch with some other cities belonging to Orange County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Ladera Ranch73$1,750,000$13,8600.8%
Yorba Linda197$1,300,000$8,5730.7%
Las Flores9$1,299,000$8,4680.7%
Stanton44$659,000$4,6780.7%
Buena Park143$850,000$4,8470.6%
Placentia115$999,000$5,7850.6%
Fullerton284$1,000,000$5,9010.6%
Westminster126$950,000$5,5230.6%
Tustin107$1,300,000$7,9790.6%
Cypress88$970,000$5,5310.6%
Irvine320$1,735,000$9,5630.6%
Laguna Hills50$1,295,750$7,2740.6%
Anaheim446$900,000$5,3290.6%
Brea97$1,080,000$6,6640.6%
Garden Grove229$900,000$5,3650.6%
Aliso Viejo57$1,205,000$6,8510.6%
La Palma29$965,000$5,4530.6%
La Habra115$850,000$4,9140.6%
Seal Beach40$1,362,500$8,6690.6%
Midway City2$965,000$5,8170.6%
Santa Ana215$810,000$4,3090.5%
Los Alamitos14$1,350,000$6,9950.5%
Huntington Beach393$1,319,500$6,6410.5%
Newport Beach262$3,665,000$16,6370.5%
Lake Forest225$1,225,000$6,1130.5%
Fountain Valley102$1,159,500$5,5520.5%
North Tustin41$2,000,000$9,8140.5%
San Clemente188$1,765,000$8,4520.5%
Orange270$1,075,000$5,9000.5%
Costa Mesa197$1,312,000$6,7500.5%
Mission Viejo309$1,150,000$5,6690.5%
Laguna Niguel156$1,555,000$7,6650.5%
San Juan Capistrano116$1,495,000$6,7760.5%
Rancho Santa Margarita118$1,250,000$6,4770.5%
Coto de Caza60$1,984,000$10,6300.5%
Rossmoor39$1,580,000$8,3090.5%
Villa Park30$2,200,000$11,0670.5%
Dana Point116$2,075,000$9,1350.4%
Laguna Beach93$2,850,000$12,6490.4%

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