Average Tax Assessment in San Luis Obispo County
Real Estate Values and Property Tax Valuation in San Luis Obispo County, California
San Luis Obispo County has 94,978 properties with a cumulative value of $36.7B, making up 0.99% of all real estate value in California. Property taxes in San Luis Obispo County totaled $524.4M, with an average homeowner paying $5,658 in property taxes compared to the state average of $5,946. The average property tax rate in San Luis Obispo County is 1.43%, lower than the state average of 1.58%. Property taxes are based on the assessed value of the property, which is typically 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 November 01, 2023
| Important Links | |
|---|---|
| San Luis Obispo Recorder | (805) 781-5080 |
| San Luis Obispo Assessor | (805) 781-5643 |
| Important Dates | |
|---|---|
| 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 San Luis Obispo County
Residential Property Taxes by Cities in San Luis Obispo County
San Luis Obispo County has an average property tax rate of 1.43%, which is slightly lower than the national average of 1.48%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, Los Osos has the highest effective property tax rate in the county at 1.93%, while Morro Bay has the lowest at 1.32%. This means that property owners in Los Osos pay significantly more in property taxes than those in Morro Bay.
Overall, San Luis Obispo County has a relatively low property tax rate compared to the rest of the country. However, it is important to note that the effective property tax rate can vary significantly from city to city. Property owners should research the effective property tax rate in their city to get an accurate picture of what they will be paying in property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in San Luis Obispo County. 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arroyo Grande | $0 | $90,730 | $383,015 | $653,976 | $927,509 |
| Atascadero | $0 | $87,448 | $304,133 | $481,200 | $655,468 |
| Avila Beach | $0 | $122,150 | $557,210 | $920,831 | $1,364,105 |
| Bradley | $0 | $0 | $283,862 | $444,531 | $593,280 |
| Cambria | $0 | $159,427 | $417,682 | $679,508 | $950,162 |
| Cayucos | $0 | $93,952 | $391,894 | $779,377 | $1,202,494 |
| Creston | $0 | $114,268 | $347,998 | $582,241 | $929,109 |
| Grover Beach | $0 | $99,519 | $275,307 | $470,693 | $603,493 |
| Los Osos | $0 | $105,425 | $289,880 | $500,199 | $692,629 |
| Morro Bay | $0 | $74,094 | $335,268 | $596,146 | $814,147 |
| Nipomo | $0 | $105,041 | $360,922 | $620,003 | $850,844 |
| Oceano | $0 | $31,375 | $185,579 | $367,152 | $503,969 |
| Paso Robles | $0 | $69,371 | $288,609 | $475,634 | $649,469 |
| Pismo Beach | $0 | $101,400 | $440,164 | $782,745 | $1,108,602 |
| San Luis Obispo | $0 | $73,609 | $361,191 | $656,734 | $888,251 |
| San Miguel | $0 | $83,654 | $295,018 | $397,070 | $606,543 |
| Santa Margarita | $0 | $47,342 | $189,221 | $382,864 | $569,370 |
| Shandon | $0 | $50,025 | $173,208 | $311,624 | $466,871 |
| Templeton | $0 | $83,902 | $399,092 | $625,767 | $975,000 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in San Luis Obispo County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arroyo Grande | $1,324 | $3,028 | $5,356 | $8,010 | $10,793 |
| Atascadero | $1,858 | $2,947 | $4,655 | $6,412 | $8,234 |
| Avila Beach | $3,290 | $5,130 | $8,053 | $11,503 | $16,638 |
| Bradley | $2,697 | $3,466 | $4,792 | $6,386 | $8,043 |
| Cambria | $2,378 | $3,758 | $5,762 | $8,403 | $11,313 |
| Cayucos | $1,394 | $3,053 | $5,795 | $9,535 | $14,518 |
| Creston | $1,574 | $3,006 | $4,763 | $7,918 | $12,930 |
| Grover Beach | $1,393 | $2,499 | $4,196 | $6,071 | $7,470 |
| Los Osos | $3,388 | $4,705 | $6,361 | $8,292 | $9,983 |
| Morro Bay | $1,018 | $2,555 | $4,682 | $7,091 | $9,369 |
| Nipomo | $1,919 | $3,147 | $5,102 | $7,479 | $9,846 |
| Oceano | $676 | $1,783 | $3,304 | $4,937 | $6,348 |
| Paso Robles | $1,595 | $2,647 | $4,289 | $6,155 | $8,228 |
| Pismo Beach | $1,591 | $3,644 | $6,390 | $9,722 | $13,363 |
| San Luis Obispo | $963 | $2,762 | $5,135 | $7,760 | $10,404 |
| San Miguel | $1,488 | $2,616 | $3,850 | $4,646 | $7,237 |
| Santa Margarita | $611 | $1,351 | $2,781 | $4,989 | $6,866 |
| Shandon | $692 | $1,387 | $2,700 | $3,662 | $6,005 |
| Templeton | $1,981 | $3,570 | $5,517 | $7,933 | $11,690 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arroyo Grande | - | 3.34% | 1.40% | 1.22% | 1.16% |
| Atascadero | - | 3.37% | 1.53% | 1.33% | 1.26% |
| Avila Beach | - | 4.20% | 1.45% | 1.25% | 1.22% |
| Bradley | - | - | 1.69% | 1.44% | 1.36% |
| Cambria | - | 2.36% | 1.38% | 1.24% | 1.19% |
| Cayucos | - | 3.25% | 1.48% | 1.22% | 1.21% |
| Creston | - | 2.63% | 1.37% | 1.36% | 1.39% |
| Grover Beach | - | 2.51% | 1.52% | 1.29% | 1.24% |
| Los Osos | - | 4.46% | 2.19% | 1.66% | 1.44% |
| Morro Bay | - | 3.45% | 1.40% | 1.19% | 1.15% |
| Nipomo | - | 3.00% | 1.41% | 1.21% | 1.16% |
| Oceano | - | 5.68% | 1.78% | 1.34% | 1.26% |
| Paso Robles | - | 3.82% | 1.49% | 1.29% | 1.27% |
| Pismo Beach | - | 3.59% | 1.45% | 1.24% | 1.21% |
| San Luis Obispo | - | 3.75% | 1.42% | 1.18% | 1.17% |
| San Miguel | - | 3.13% | 1.31% | 1.17% | 1.19% |
| Santa Margarita | - | 2.85% | 1.47% | 1.30% | 1.21% |
| Shandon | - | 2.77% | 1.56% | 1.18% | 1.29% |
| Templeton | - | 4.25% | 1.38% | 1.27% | 1.20% |
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Real Estate Values in San Luis Obispo County
The median home price in San Luis Obispo County has increased significantly from October 2022 to October 2023, with a 25.89% increase. This is indicative of a strong housing market in California, as the home inventory has decreased from 606 in October 2022 to 542 in October 2023. This suggests that demand for housing in the area is high, and that prices are likely to continue to rise in the future.
Average Home Value in San Luis Obispo County, California
Last updated: November 2023
Percent Change in Total Home Sales in San Luis Obispo County
Last updated: November 2023
Percent Change in New Home Listings in San Luis Obispo County
Last updated: November 2023
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Mortgage Rates in San Luis Obispo County
Mortgages in San Luis Obispo County are a major source of financing for homeowners. As of 2021, there is a total of $15.5 billion in outstanding loan amounts across home mortgages in the county. This is spread across 50,300 loans, representing a significant portion of the total home value in the area.
The median mortgage rate in San Luis Obispo County varies across cities, with Los Osos having the highest rate at 4.71% and Bradley having the lowest at 4.1%. This variation in rates allows homeowners to find the best deal for their particular situation, ensuring they get the most out of their mortgage. With such a large amount of outstanding loans, it is clear that mortgages are an important part of the local economy.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in San Luis Obispo County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arroyo Grande | $60,929 | $137,418 | $279,561 | $450,922 | $622,416 |
| Atascadero | $54,547 | $134,309 | $254,236 | $382,089 | $503,445 |
| Avila Beach | $87,633 | $205,891 | $335,636 | $525,526 | $766,098 |
| Bradley | $56,971 | $152,660 | $238,828 | $346,831 | $471,859 |
| Cambria | $52,503 | $136,305 | $279,468 | $440,856 | $620,407 |
| Cayucos | $46,468 | $123,222 | $299,758 | $508,824 | $763,591 |
| Creston | $40,081 | $101,017 | $227,894 | $408,127 | $648,398 |
| Grover Beach | $41,232 | $106,284 | $228,496 | $363,890 | $492,044 |
| Los Osos | $45,738 | $106,085 | $221,637 | $363,081 | $506,269 |
| Morro Bay | $46,871 | $119,768 | $246,884 | $401,099 | $558,616 |
| Nipomo | $56,733 | $134,720 | $267,388 | $417,285 | $558,271 |
| Oceano | $44,575 | $96,421 | $197,503 | $317,657 | $463,817 |
| Paso Robles | $51,744 | $122,304 | $237,764 | $365,535 | $503,286 |
| Pismo Beach | $59,425 | $137,631 | $302,714 | $487,712 | $690,879 |
| San Luis Obispo | $60,153 | $146,340 | $298,449 | $467,094 | $637,935 |
| San Miguel | $84,926 | $150,701 | $245,664 | $346,029 | $457,357 |
| Santa Margarita | $29,490 | $70,760 | $184,114 | $342,315 | $516,201 |
| Shandon | $41,796 | $93,907 | $183,250 | $291,903 | $410,842 |
| Templeton | $59,771 | $148,937 | $293,649 | $445,916 | $623,270 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across San Luis Obispo County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arroyo Grande | 3.05% | 3.71% | 4.50% | 6.57% | 7.58% |
| Atascadero | 3.00% | 3.62% | 4.34% | 6.22% | 7.36% |
| Avila Beach | 2.90% | 3.60% | 4.32% | 5.90% | 7.25% |
| Bradley | 2.90% | 3.48% | 4.10% | 5.87% | 7.22% |
| Cambria | 3.00% | 3.61% | 4.37% | 6.57% | 7.63% |
| Cayucos | 3.05% | 3.68% | 4.62% | 6.84% | 7.67% |
| Creston | 3.00% | 3.72% | 4.60% | 6.88% | 7.86% |
| Grover Beach | 3.10% | 3.70% | 4.50% | 6.60% | 7.62% |
| Los Osos | 3.20% | 3.75% | 4.71% | 6.78% | 7.68% |
| Morro Bay | 3.09% | 3.70% | 4.50% | 6.64% | 7.62% |
| Nipomo | 3.00% | 3.63% | 4.37% | 6.07% | 7.18% |
| Oceano | 3.10% | 3.74% | 4.60% | 6.55% | 7.62% |
| Paso Robles | 3.00% | 3.64% | 4.38% | 6.16% | 7.30% |
| Pismo Beach | 3.10% | 3.69% | 4.50% | 6.72% | 7.64% |
| San Luis Obispo | 3.00% | 3.63% | 4.40% | 6.39% | 7.49% |
| San Miguel | 3.00% | 3.59% | 4.21% | 5.48% | 6.78% |
| Santa Margarita | 3.10% | 3.78% | 4.65% | 6.75% | 7.64% |
| Shandon | 2.90% | 3.60% | 4.50% | 6.03% | 7.14% |
| Templeton | 3.00% | 3.66% | 4.40% | 6.37% | 7.37% |
Housing Expenses in San Luis Obispo County, California
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