San Luis Obispo, California Property Taxes
Real Estate Values and Property Tax Valuation in San Luis Obispo, California
San Luis Obispo is home to 14,706 properties with a cumulative value of $6.2B, making up 16.87% of all real estate value in San Luis Obispo County. Property taxes in San Luis Obispo totaled $82.6M, with an average homeowner paying $5,853 in property taxes compared to the county average of $5,658. The average property tax rate in San Luis Obispo is 1.33%, lower than the county average of 1.43%. Property taxes are based on the assessed value of the property, which is determined by the local assessor.
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 | |
|---|---|
| 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, California
Residential Property Tax by ZIP code in San Luis Obispo, California
San Luis Obispo has an average property tax rate of 1.33%, which is slightly lower than the average San Luis Obispo County property tax rate of 1.43%. This means that property owners in San Luis Obispo can expect to pay slightly less in property taxes than those in the rest of the county. However, property tax rates can vary significantly across different ZIP codes in San Luis Obispo. For example, the ZIP code 93401 has an effective property tax rate of 1.35%, while the ZIP code 93405 has an effective property tax rate of 1.32%. These differences in property tax rates are due to the differences in home values across different ZIP codes. Therefore, property owners should be aware of the property tax rates in their specific ZIP code in order to accurately budget for their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in San Luis Obispo, 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 |
|---|---|---|---|---|---|
| 93401 | $0 | $69,326 | $360,876 | $656,229 | $887,993 |
| 93405 | $0 | $81,574 | $361,719 | $656,737 | $887,071 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in San Luis Obispo, California.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93401 | $918 | $2,784 | $5,156 | $7,818 | $10,489 |
| 93405 | $1,008 | $2,706 | $5,084 | $7,631 | $10,250 |
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 |
|---|---|---|---|---|---|
| 93401 | - | 4.02% | 1.43% | 1.19% | 1.18% |
| 93405 | - | 3.32% | 1.41% | 1.16% | 1.16% |
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Real Estate Values in San Luis Obispo, California
Average Home Value in San Luis Obispo, California
Last updated: August 2023
Average home value over time in San Luis Obispo, California
Last updated: August 2023
Total unique home listings in San Luis Obispo, California
Last updated: August 2023
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Housing Expenses in San Luis Obispo, 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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