The levy imposed on real estate located within Santa Barbara County is based on 1% of the property’s assessed value, as established by Proposition 13. Supplemental assessments may apply due to changes in ownership or new construction, causing the assessed value to differ from the market value. This base levy funds essential county services such as schools, fire departments, and infrastructure maintenance. For example, a property assessed at $500,000 would have a base tax of $5,000 before any additional special assessments or district taxes.
Understanding real estate taxation in this specific California county is crucial for both current property owners and prospective buyers. This levy is a significant component of homeownership costs and contributes directly to the quality of local services and community development. Historically, Proposition 13, passed in 1978, significantly impacted property taxes in California, establishing the 1% base rate and limiting annual assessment increases. This has had long-term effects on local government funding and real estate markets.
