Property Tax in San Diego
A typical property tax bill consists of many taxes and charges including the 1% rate, voter–approved debt rates, parcel taxes, Mello–Roos taxes and assessments. Depending on where you live, your total property tax bill can range from 1% to 2% of the assessed value of your home. The 1% rate applies to owner–occupied residential properties, which represents about 39% of the state’s property tax revenue, followed by investment and vacation residential properties (34%) and commercial properties (28%).
The Property Tax Base Can Vary
The state’s laws regarding the allocation of property tax revenue from the 1% rate have evolved over time through legislation and voter initiatives. Property tax revenue is collected by the county in which the properties are located and is used exclusively by the local government. Although property tax is a local revenue source, it affects the state budget due to the state’s education finance system for which there is additional property tax revenue of 1% rate for K–14 districts.
What Are Mello-Roos/Special Assessment Taxes?
As a way to generate funding for public works and facilities particularly for new developments, in 1982, the Community Facilities Act (commonly referred to as Mello-Roos) was passed. Those communities needing new schools and infrastructures, such as public parks and roads, are allowed to impose Mello-Roos and property tax can be assessed as a percentage of the home’s value.
Should you wish to contest a property assessment we recommend that you first contact the appropriate county to request an explanation of how the assessment was determined. You can use the opportunity to share material facts that could affect the assessment of the property. However, if you continue to disagree with the assessment, Paramount Property Tax Appeal specializes in property tax filings in the San Diego area. We know how to file and effectively win a property tax appeal. We represent our clients throughout the filing and appeals processes