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South OC Times

Wednesday, November 27, 2024

Analysis: Orange County effective property tax rate were lighter than the national average in Q1 2023

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Property owners in Orange County paid 0.5% of the value of their homes in property taxes in the first quarter of 2023, 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 first quarter of 2023 was $1,100,000, based on data from the 3,114 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 and Midway City paid the highest rates.

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 first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Ladera Ranch34$1,740,000$14,7670.8%
Midway City2$825,000$6,1970.8%
Buena Park87$775,000$5,1640.7%
Placentia64$888,500$6,1630.7%
North Tustin23$1,550,000$10,4560.7%
Fullerton138$927,500$6,2870.7%
Westminster67$822,500$5,8840.7%
Cypress54$828,750$5,8920.7%
Orange143$950,000$6,2860.7%
Anaheim259$820,000$5,6770.7%
Brea55$950,000$7,1000.7%
Yorba Linda102$1,222,500$9,1340.7%
Garden Grove122$850,000$5,7160.7%
Stanton24$758,750$4,9840.7%
Santa Ana136$775,000$4,5910.6%
Los Alamitos15$1,157,000$7,4530.6%
Huntington Beach226$1,230,000$7,0750.6%
Lake Forest105$1,148,000$6,5130.6%
Dana Point55$1,655,000$9,7330.6%
Tustin52$1,368,500$8,5010.6%
San Clemente111$1,635,000$9,0050.6%
Laguna Hills40$1,270,000$7,7500.6%
Costa Mesa101$1,248,000$7,1920.6%
Mission Viejo183$995,000$6,0400.6%
Laguna Niguel90$1,413,750$8,1660.6%
La Palma32$960,000$5,8090.6%
Rancho Santa Margarita68$1,090,500$6,9010.6%
Las Flores4$1,472,500$9,0220.6%
Coto de Caza26$1,815,000$11,3260.6%
La Habra56$810,250$5,2350.6%
Seal Beach27$1,500,000$9,2360.6%
Rossmoor14$1,440,500$8,8530.6%
Villa Park12$1,876,000$11,7910.6%
Newport Beach154$3,361,000$17,7250.5%
Fountain Valley96$1,135,000$5,9150.5%
Irvine164$1,900,000$10,1890.5%
Laguna Beach43$2,630,000$13,4760.5%
San Juan Capistrano58$1,486,750$7,2190.5%
Aliso Viejo9$1,370,000$7,2990.5%

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