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South OC Times

Thursday, November 28, 2024

Analysis: Orange County effective property tax rate were lighter than the national average in Q4 2022

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Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2022 was $1,070,000, based on data from the 3,390 properties sold during that time. In 2021 the median tax bill for the county was $5,978, which is 0.6% 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 fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Ladera Ranch26$1,736,500$13,8600.8%
Placentia74$882,500$5,7850.7%
Fullerton152$870,000$5,9010.7%
Tustin60$1,174,250$7,9790.7%
Cypress57$850,000$5,5310.7%
Anaheim305$815,000$5,3290.7%
Brea59$905,000$6,6640.7%
Yorba Linda125$1,200,000$8,5730.7%
Las Flores11$1,235,000$8,4680.7%
Coto de Caza38$1,602,500$10,6300.7%
Stanton27$706,000$4,6780.7%
Santa Ana161$750,000$4,3090.6%
Los Alamitos7$1,165,000$6,9950.6%
Buena Park69$775,000$4,8470.6%
Dana Point54$1,610,500$9,1350.6%
North Tustin32$1,600,000$9,8140.6%
Westminster80$902,500$5,5230.6%
Orange170$960,000$5,9000.6%
Irvine175$1,600,000$9,5630.6%
Laguna Hills39$1,170,000$7,2740.6%
Garden Grove154$834,000$5,3650.6%
Aliso Viejo37$1,150,000$6,8510.6%
La Palma23$885,000$5,4530.6%
Rancho Santa Margarita52$1,052,500$6,4770.6%
La Habra82$795,000$4,9140.6%
Rossmoor29$1,415,000$8,3090.6%
Midway City4$995,000$5,8170.6%
Villa Park11$1,800,000$11,0670.6%
Huntington Beach261$1,220,000$6,6410.5%
Newport Beach121$3,600,000$16,6370.5%
Lake Forest121$1,190,000$6,1130.5%
Fountain Valley84$1,077,500$5,5520.5%
San Clemente118$1,570,000$8,4520.5%
Costa Mesa115$1,230,000$6,7500.5%
Mission Viejo173$1,075,000$5,6690.5%
Laguna Niguel89$1,418,000$7,6650.5%
Laguna Beach53$2,800,000$12,6490.5%
San Juan Capistrano55$1,290,000$6,7760.5%
Seal Beach26$1,625,000$8,6690.5%

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