In Orange County, property taxes are primarily determined by the state’s Proposition 13 framework.
Key Tax Considerations
Base Rate: The standard property tax rate is approximately 1.0% to 1.1% of the assessed value, plus voter-approved local assessments.
Assessment: The assessed value is generally based on the purchase price, with annual increases capped at 2% unless a change of ownership occurs.
Subject Property: Based on the most recent data for this unit, the tax assessment is $1,379,570.
While tax records indicate recent annual payments, your specific liability will depend on the final purchase price and any applicable exemptions (such as the Homeowners' Exemption).
It is strongly advised to verify current assessments with the Orange County Treasurer-Tax Collector’s office, as auction-acquired properties may trigger a supplemental tax bill following the reassessment of the property value.
310 Fernando St APT 100, Newport Beach Investment Report: Flip & Rental Analysis · Frontflip