California Property Taxes

California Property Tax Information  

Property taxes in California are determined by starting with the assessed value for any particular property.  Assessed value would normally be the last sold or transfer price of a property.

According to Proposition 13 and California constitutional law approved by voters in 1978, property taxes for any parcel would be one percent of assessed value per year.  Assessed value can be restablished by the county assessor and go up by no more than 2 percent each year.

Example:  If you are buying a home at Orange County CA for $500k, the assessed value will most likely after sale will be $500k.  And your ad valorem annual property taxes for the property would be one percent or the amount of $5,000.

There are other annual special assessments on properties at Orange County, California, depending on location of the property, such as Mello Roos district, school district, mosquito abatement district, etc.

For detailed information on property taxes and special assessments at Orange County, California, see the Orange County CA tax collector web site.

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“Helping People, Moving Forward, Developing Relationships and Protecting Property Values”   

This is for information only and is not the providing of legal or tax services.  You should consult with an experienced income tax professional or attorney about your own tax situation and buying and owning of real estate in your area.

Thanks for contacting us about homes and properties at Orange County, California, and have a great day.

By Harrison and Christi Long, Professional real estate representatives, REALTORs®,
949-701-2515 – Harrison by Cell or text – CALBRE #01410855
ExploreProperties@gmail.com – email
949-212-5427 – Christi by cell or text –  CALBRE #01410855
HomeSmart Evergreen Realty, 9901 Irvine Center Drive, Irvine, CA 92618

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