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South OC Times

Wednesday, November 27, 2024

Effective property tax rate in Orange County were lower than the national average in Q3 2023

Realestate077

Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the third 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 third quarter of 2023 was $1,210,000, based on data from the 4,007 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 Laguna Woods and Ladera Ranch paid the highest rates.

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 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 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Laguna Woods2$574,075$125,03521.8%
Ladera Ranch37$1,640,000$14,7670.9%
Yorba Linda157$1,300,000$9,1340.7%
Garden Grove152$876,000$5,7160.7%
Las Flores8$1,312,500$9,0220.7%
Stanton37$735,000$4,9840.7%
Santa Ana179$815,000$4,5910.6%
Buena Park83$825,000$5,1640.6%
Placentia65$1,049,000$6,1630.6%
North Tustin37$1,625,000$10,4560.6%
Fullerton183$975,000$6,2870.6%
Westminster80$1,003,500$5,8840.6%
Tustin64$1,428,500$8,5010.6%
Cypress77$1,000,000$5,8920.6%
San Clemente140$1,599,500$9,0050.6%
Orange183$1,025,000$6,2860.6%
Laguna Hills45$1,343,000$7,7500.6%
Anaheim319$890,000$5,6770.6%
Brea62$1,127,500$7,1000.6%
Aliso Viejo43$1,300,000$7,2990.6%
La Palma16$953,000$5,8090.6%
La Habra75$885,000$5,2350.6%
Seal Beach27$1,530,000$9,2360.6%
Rossmoor31$1,470,000$8,8530.6%
Midway City5$974,000$6,1970.6%
Los Alamitos16$1,410,000$7,4530.5%
Huntington Beach328$1,344,000$7,0750.5%
Newport Beach186$3,650,000$17,7250.5%
Lake Forest128$1,250,000$6,5130.5%
Fountain Valley96$1,217,500$5,9150.5%
Dana Point90$1,885,000$9,7330.5%
Irvine242$1,915,000$10,1890.5%
Costa Mesa138$1,367,500$7,1920.5%
Mission Viejo196$1,152,500$6,0400.5%
Laguna Niguel114$1,555,000$8,1660.5%
Laguna Beach70$2,725,000$13,4760.5%
San Juan Capistrano72$1,465,000$7,2190.5%
Rancho Santa Margarita54$1,360,000$6,9010.5%
Coto de Caza50$2,270,000$11,3260.5%
Villa Park14$2,497,500$11,7910.5%

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