Quantcast

South OC Times

Tuesday, December 24, 2024

Orange County effective property tax rate in Q2 was lower than the national average

Realestate077

Property owners in Orange County paid 0.5% of the value of their homes in property taxes in the second quarter of 2024, 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 2024 was $1,332,500, based on data from the 4,313 properties sold during that time. In 2024, the median tax bill for the county was $7,054, 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 paid the highest tax rate of 0.8%.

The above article calculates the effective property tax rate for 2024 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Ladera Ranch42$1,915,000$15,2850.8%
Las Flores7$1,380,000$9,3390.7%
Stanton26$747,500$5,1590.7%
Midway City3$860,000$6,4150.7%
Los Alamitos24$1,337,000$7,7140.6%
Buena Park94$889,500$5,3460.6%
Placentia91$1,050,000$6,3800.6%
North Tustin29$1,890,000$10,8230.6%
Westminster111$1,000,000$6,0910.6%
Tustin76$1,522,500$8,7990.6%
Cypress54$1,054,000$6,0990.6%
Orange193$1,170,000$6,5060.6%
Anaheim325$955,000$5,8760.6%
Brea67$1,188,000$7,3490.6%
Yorba Linda152$1,600,000$9,4550.6%
Garden Grove155$979,000$5,9170.6%
Coto de Caza63$2,010,000$11,7230.6%
La Habra78$880,000$5,4190.6%
Rossmoor30$1,579,500$9,1630.6%
Santa Ana193$902,500$4,7520.5%
Huntington Beach337$1,385,000$7,3240.5%
Newport Beach195$3,850,000$18,3470.5%
Lake Forest118$1,317,500$6,7410.5%
Fountain Valley101$1,350,000$6,1230.5%
Dana Point97$1,910,000$10,0740.5%
Fullerton216$1,197,500$6,5070.5%
San Clemente165$1,830,000$9,3210.5%
Irvine261$2,130,000$10,5470.5%
Laguna Hills44$1,576,750$8,0220.5%
Costa Mesa165$1,500,000$7,4440.5%
Mission Viejo209$1,225,000$6,2510.5%
Laguna Niguel137$1,650,000$8,4530.5%
Laguna Beach92$2,687,500$13,9490.5%
Aliso Viejo38$1,395,000$7,5550.5%
La Palma28$1,197,500$6,0130.5%
Rancho Santa Margarita83$1,301,000$7,1430.5%
Seal Beach42$1,750,000$9,5600.5%
Villa Park9$2,626,500$12,2050.5%
San Juan Capistrano90$1,787,500$7,4720.4%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS