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South OC Times

Thursday, December 26, 2024

Effective property tax rate in Orange County were lighter than the national average in Q3 2022

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Property owners in Orange County paid 0.5% of the value of their homes in property taxes in the third 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 third quarter of 2022 was $1,100,000, based on data from the 4,758 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 Laguna Woods, Las Flores, and Ladera Ranch paid the highest rates.

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

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Laguna Woods1$550,000$117,35821.3%
Las Flores13$1,118,000$8,4680.8%
Ladera Ranch48$1,689,000$13,8600.8%
Los Alamitos19$975,000$6,9950.7%
Placentia101$870,000$5,7850.7%
Tustin98$1,215,000$7,9790.7%
Brea79$900,000$6,6640.7%
Yorba Linda168$1,292,500$8,5730.7%
Midway City6$845,000$5,8170.7%
Buena Park124$818,500$4,8470.6%
North Tustin38$1,527,500$9,8140.6%
Fullerton200$947,500$5,9010.6%
Westminster111$890,000$5,5230.6%
Cypress75$905,000$5,5310.6%
Orange231$1,030,000$5,9000.6%
Irvine267$1,710,000$9,5630.6%
Anaheim481$850,000$5,3290.6%
Costa Mesa163$1,220,000$6,7500.6%
Garden Grove209$837,500$5,3650.6%
Aliso Viejo43$1,237,000$6,8510.6%
La Palma19$985,000$5,4530.6%
Coto de Caza57$1,877,000$10,6300.6%
La Habra83$810,000$4,9140.6%
Stanton32$792,500$4,6780.6%
Seal Beach41$1,350,000$8,6690.6%
Rossmoor27$1,390,000$8,3090.6%
Santa Ana199$785,000$4,3090.5%
Huntington Beach356$1,280,750$6,6410.5%
Newport Beach214$3,337,500$16,6370.5%
Lake Forest166$1,133,000$6,1130.5%
Fountain Valley104$1,167,500$5,5520.5%
Dana Point66$2,017,500$9,1350.5%
San Clemente135$1,637,000$8,4520.5%
Laguna Hills57$1,387,000$7,2740.5%
Mission Viejo228$1,050,000$5,6690.5%
Laguna Niguel126$1,412,500$7,6650.5%
San Juan Capistrano74$1,487,500$6,7760.5%
Rancho Santa Margarita65$1,221,500$6,4770.5%
Villa Park29$2,050,000$11,0670.5%
Laguna Beach80$2,850,000$12,6490.4%

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