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South OC Times

Thursday, November 7, 2024

Orange County effective property tax rate in Q4 2023 was lower than the national average

Realestate2

Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2023 was $1,210,000, based on data from the 3,251 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 Midway City paid the highest tax rate of 0.8%.

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 Midway City 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 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Midway City5$747,500$6,1970.8%
Fullerton160$960,000$6,2870.7%
Tustin54$1,262,500$8,5010.7%
Brea48$1,041,500$7,1000.7%
Yorba Linda110$1,330,000$9,1340.7%
Seal Beach27$1,407,500$9,2360.7%
Villa Park14$1,775,000$11,7910.7%
Santa Ana167$825,000$4,5910.6%
Los Alamitos12$1,267,500$7,4530.6%
Buena Park90$857,500$5,1640.6%
Placentia63$1,050,000$6,1630.6%
Dana Point66$1,694,500$9,7330.6%
North Tustin26$1,750,000$10,4560.6%
Westminster81$960,000$5,8840.6%
Cypress53$980,000$5,8920.6%
Orange129$1,081,000$6,2860.6%
Laguna Hills37$1,260,000$7,7500.6%
Anaheim269$920,000$5,6770.6%
Garden Grove135$910,000$5,7160.6%
Las Flores3$1,500,000$9,0220.6%
Coto de Caza32$1,775,000$11,3260.6%
Ladera Ranch23$2,350,000$14,7670.6%
La Habra67$867,000$5,2350.6%
Stanton13$855,000$4,9840.6%
Rossmoor17$1,445,000$8,8530.6%
Huntington Beach275$1,290,000$7,0750.5%
Newport Beach167$3,450,000$17,7250.5%
Lake Forest84$1,282,500$6,5130.5%
Fountain Valley67$1,275,000$5,9150.5%
San Clemente119$1,750,000$9,0050.5%
Irvine194$2,000,000$10,1890.5%
Costa Mesa116$1,320,000$7,1920.5%
Mission Viejo164$1,167,500$6,0400.5%
Laguna Niguel96$1,500,000$8,1660.5%
San Juan Capistrano62$1,522,500$7,2190.5%
Aliso Viejo27$1,430,000$7,2990.5%
La Palma25$1,060,000$5,8090.5%
Rancho Santa Margarita40$1,320,000$6,9010.5%
Laguna Beach55$3,000,000$13,4760.4%

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