The levy imposed on actual property positioned inside Santa Barbara County relies on 1% of the property’s assessed worth, as established by Proposition 13. Supplemental assessments might apply resulting from modifications in possession or new development, inflicting the assessed worth to vary from the market worth. This base levy funds important county companies equivalent to colleges, fireplace departments, and infrastructure upkeep. For instance, a property assessed at $500,000 would have a base tax of $5,000 earlier than any extra particular assessments or district taxes.
Understanding actual property taxation on this particular California county is essential for each present property homeowners and potential patrons. This levy is a major factor of homeownership prices and contributes on to the standard of native companies and group growth. Traditionally, Proposition 13, handed in 1978, considerably impacted property taxes in California, establishing the 1% base price and limiting annual evaluation will increase. This has had long-term results on native authorities funding and actual property markets.
