Mission Viejo, California Property Taxes
Real Estate Values and Property Tax Valuation in Mission Viejo, California
Mission Viejo has 31,213 properties with a cumulative value of $14.6B, making up 3.45% of the total real estate value in Orange County. Property taxes are collected on these properties, with a total of $162.9M collected in Mission Viejo. The average homeowner pays $5,218 in property taxes, which is lower than the county average of $6,539. Property taxes are based on the assessed value of the property, which is usually lower than the market value.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated August 23, 2023
Important Links | |
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Orange Appraisal District | (409) 745-4777 |
Orange Clerk | (409) 882-7055 |
TexasFile Clerk Records | - |
Orange Treasurer / Tax Collector | (714) 834-3411 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | June - August |
Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
Property Tax Bills Issued: | October 1st |
Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
Available Exemptions | |
---|---|
Senior | Not Available |
Disabled | Available |
Homestead | Available |
Veteran | Not Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Mission Viejo, California
Residential Property Tax by ZIP code in Mission Viejo, California
Mission Viejo has an average property tax rate of 1.11%, which is lower than the average property tax rate for Orange County, which is 1.28%. This means that homeowners in Mission Viejo pay less in property taxes than homeowners in other parts of Orange County. However, property tax rates vary across Mission Viejo ZIP codes. The ZIP code with the highest effective property tax rate is 92691, with a rate of 1.12%, while the ZIP code with the lowest effective property tax rate is 92692, with a rate of 1.11%. These differences in property tax rates are due to differences in home values across ZIP codes. For example, homes in 92691 may be more expensive than homes in 92692, resulting in higher property taxes for homeowners in 92691.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Mission Viejo, California. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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92691 | $90,295 | $222,012 | $384,828 | $637,633 | $789,091 |
92692 | $88,241 | $300,923 | $489,008 | $705,000 | $902,000 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Mission Viejo, California.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92691 | $1,440 | $2,744 | $4,271 | $6,763 | $8,200 |
92692 | $2,382 | $3,570 | $5,291 | $7,409 | $9,306 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92691 | 1.59% | 1.24% | 1.11% | 1.06% | 1.04% |
92692 | 2.70% | 1.19% | 1.08% | 1.05% | 1.03% |
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Real Estate Values in Mission Viejo, California
Average Home Value in Mission Viejo, California
Last updated: August 2023
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Housing Expenses in Mission Viejo, California
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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