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South OC Times

Thursday, September 19, 2024

Analysis: Orange County effective property tax rates were lower than the national average in Q2 2023

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Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.5 times the national average, according to the real estate analysis posted by South OC Times.

The median sales price of a Orange County home in the second quarter of 2023 was $1,180,000, based on data from the 4,159 properties sold during that time. In 2023, the median tax bill for the county was $6,815, 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 0.9%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Ladera Ranch57$1,667,000$14,7670.9%
Placentia84$902,500$6,1630.7%
Anaheim339$873,000$5,6770.7%
Brea73$990,000$7,1000.7%
Yorba Linda143$1,325,000$9,1340.7%
Las Flores9$1,260,000$9,0220.7%
Coto de Caza50$1,692,500$11,3260.7%
Villa Park20$1,777,500$11,7910.7%
Santa Ana168$805,000$4,5910.6%
Los Alamitos17$1,350,000$7,4530.6%
Huntington Beach342$1,267,500$7,0750.6%
Buena Park123$810,000$5,1640.6%
Fullerton163$1,080,000$6,2870.6%
Westminster112$920,000$5,8840.6%
Tustin65$1,357,500$8,5010.6%
Cypress61$966,000$5,8920.6%
Orange171$1,025,000$6,2860.6%
Irvine188$1,833,000$10,1890.6%
Laguna Hills48$1,395,000$7,7500.6%
Mission Viejo218$1,097,500$6,0400.6%
Garden Grove179$892,000$5,7160.6%
San Juan Capistrano82$1,299,500$7,2190.6%
Aliso Viejo42$1,207,500$7,2990.6%
La Palma19$1,000,000$5,8090.6%
Rancho Santa Margarita80$1,200,000$6,9010.6%
La Habra80$830,000$5,2350.6%
Stanton38$792,500$4,9840.6%
Seal Beach30$1,595,000$9,2360.6%
Rossmoor21$1,375,000$8,8530.6%
Newport Beach206$3,500,000$17,7250.5%
Lake Forest146$1,210,000$6,5130.5%
Fountain Valley89$1,145,000$5,9150.5%
Dana Point90$1,935,000$9,7330.5%
North Tustin45$2,001,000$10,4560.5%
San Clemente125$1,742,000$9,0050.5%
Costa Mesa160$1,310,000$7,1920.5%
Laguna Niguel114$1,527,500$8,1660.5%
Laguna Beach68$2,850,000$13,4760.5%
Midway City7$1,165,000$6,1970.5%

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