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Canoga Park, California Property Taxes

The median property tax rate in Canoga Park, CA is 1.21%, aligning with the California state median but considerably higher than the national median of 0.99%. With a median home value of $363,744 in Canoga Park, the typical annual property tax bill reaches $4,040, significantly exceeding the national median of $2,690. Property taxes in Canoga Park are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as the primary residence exemption. Understanding Canoga Park's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Canoga Park or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Canoga Park, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.21%

Estimate Property Tax Bill

$4,401

$4,157

SAVE WITH OWNWELL

$1,148

Average Canoga Park, California Tax Savings

Ownwell’s Canoga Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canoga Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canoga Park to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Canoga Park. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.

Property Tax Rates Across Canoga Park, California

Property taxes in Canoga Park, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canoga Park is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Canoga Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canoga Park estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Canoga Park's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91303 zip code has the highest median property tax rate of 1.21%, while the 91304 zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Canoga Park provides valuable insights into the varying tax landscape across Los Angeles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Canoga Park, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Canoga Park Tax Rate

1.21%

Average Los Angeles County Tax Rate

1.24%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across Canoga Park, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913031.17%1.19%1.21%1.25%1.34%
913041.17%1.19%1.21%1.25%1.34%

Source: Ownwell

Property Tax Assessment Values Across Canoga Park, California

In Canoga Park, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Los Angeles County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Canoga Park, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Canoga Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,200 in the 91304 zip code, while the lowest is $3,848 in the 91303 zip code.

Property Tax Assessment Values Across Canoga Park, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Canoga Park Assessed Value

$363,744

Average Los Angeles County Assessed Value

$434,238

Average California Assessed Value

$378,421

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Canoga Park, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91303$122,358$207,656$322,788$484,903$649,140
91304$136,496$246,802$392,357$611,570$831,526

Source: Ownwell

Property Tax Bills Across Canoga Park, California

In Canoga Park, located in Los Angeles County, property tax bills are calculated based on the assessed value of the property, which is typically determined by the market value at the time of purchase. The county applies a property tax rate to this assessed value to determine the annual tax bill. For instance, the median home price in Canoga Park is $363,744, and property tax bills can vary significantly, with the 25th percentile at $2,386 and the 75th percentile reaching $6,351. The highest median tax bill in the area is $4,200 in the 91304 zip code, while the lowest is $3,848 in the 91303 zip code. Homeowners in Canoga Park may face financial strain from these taxes, but Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially reduce their assessed values and, consequently, their tax bills. This personalized approach ensures homeowners pay only their fair share, making property ownership more affordable.

Property Tax Bills Across Canoga Park, California

Source: Ownwell

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$823

$26,956

$53,089

Average Canoga Park Tax Bill

$4,040

Average Los Angeles County Tax Bill

$5,343

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across Canoga Park, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91303$1,545$2,542$3,848$5,711$7,541
91304$596$2,230$4,200$6,764$9,281

Source: Ownwell

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