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Central OC Times

Thursday, November 21, 2024

Analysis: Orange County effective property tax rates were lower than the national average in Q1

Realestate5

Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.5 times the national average, according to the real estate analysis posted by Central OC Times.

The median sales price of a Orange County home in the first quarter of 2024 was $1,265,000, based on data from the 3,263 properties sold during that time. In 2024, the median tax bill for the county was $7,054, 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 Brea and Ladera Ranch paid the highest rates.

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 Brea with some other cities belonging to Orange County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Brea42$970,000$7,3490.8%
Ladera Ranch31$1,867,000$15,2850.8%
San Juan Capistrano66$1,113,500$7,4720.7%
Aliso Viejo25$1,160,000$7,5550.7%
Las Flores8$1,375,000$9,3390.7%
Santa Ana131$860,000$4,7520.6%
Los Alamitos11$1,200,000$7,7140.6%
Huntington Beach243$1,320,000$7,3240.6%
Buena Park66$907,000$5,3460.6%
Placentia69$1,046,000$6,3800.6%
Dana Point56$1,683,000$10,0740.6%
North Tustin27$1,926,000$10,8230.6%
Fullerton166$1,099,000$6,5070.6%
Westminster88$990,000$6,0910.6%
Tustin59$1,402,000$8,7990.6%
Cypress53$980,000$6,0990.6%
Orange155$1,100,000$6,5060.6%
Laguna Hills35$1,250,000$8,0220.6%
Anaheim249$950,000$5,8760.6%
Yorba Linda102$1,472,500$9,4550.6%
Garden Grove127$930,000$5,9170.6%
Coto de Caza45$1,950,000$11,7230.6%
La Habra56$838,750$5,4190.6%
Stanton23$800,000$5,1590.6%
Seal Beach22$1,495,000$9,5600.6%
Rossmoor28$1,462,500$9,1630.6%
Midway City3$1,100,000$6,4150.6%
Villa Park17$2,175,000$12,2050.6%
Newport Beach161$3,750,000$18,3470.5%
Lake Forest104$1,367,500$6,7410.5%
Fountain Valley92$1,312,500$6,1230.5%
San Clemente123$1,760,000$9,3210.5%
Irvine202$1,955,000$10,5470.5%
Costa Mesa120$1,520,000$7,4440.5%
Mission Viejo140$1,165,000$6,2510.5%
Laguna Niguel92$1,600,000$8,4530.5%
Laguna Beach68$2,725,000$13,9490.5%
La Palma18$1,127,500$6,0130.5%
Rancho Santa Margarita55$1,300,000$7,1430.5%

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