93402 Property Tax Rate

Property owners in ZIP code 93402 (Los Osos, California) pay a median of $6,208/year in property taxes on homes valued at $729,200. This translates to an effective tax rate of 0.85%, which is 23% above the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 93402 is approximately $517, which factors into escrow payments on mortgages. This ZIP code is located within San Luis Obispo County. This is $1,308 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 93402 has lower property taxes. ZIP codes with similar effective rates include 94608 (0.85%) and 95064 (0.85%).

In Los Osos, property taxes represent approximately 6.0% of the median household income of $103,839, providing context for the relative tax burden on homeowners in this area.

Proposition 13 reassesses your San Luis Obispo County property to purchase price at closing and caps annual increases at 2%, fixing your tax liability to the sale price. San Luis Obispo County provides a $7,000 Homeowners' Exemption — file with the San Luis Obispo County Assessor within 30 days of closing. Contact the San Luis Obispo County Assessor's office to claim your exemption and verify your base year value is correctly recorded.