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Granada Hills, California Property Taxes

The median property tax rate in Granada Hills, CA is 1.21%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Granada Hills, the typical annual property tax bill reaches $5,945, exceeding the national median of $2,690. Property taxes in Granada Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Granada Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Granada Hills 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

Granada Hills, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.21%

Estimate Property Tax Bill

$6,065

$5,729

SAVE WITH OWNWELL

$1,148

Average Granada Hills, California Tax Savings

Ownwell’s Granada Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granada Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granada Hills 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 Granada Hills. 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 Los Angeles County for property tax calculations, accounting for any exemptions that may apply.

Property Tax Rates Across Granada Hills, California

Property taxes in Granada Hills, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granada Hills is 1.21%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Granada Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granada Hills 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 Granada Hills' effective property tax rate to other counties in California and the national median. For comparison, the 91344 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Granada Hills 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 Granada Hills, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Granada Hills 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 Granada Hills, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913441.18%1.19%1.21%1.25%1.37%

Source: Ownwell

Property Tax Assessment Values Across Granada Hills, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Granada Hills, California. 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 Granada Hills, 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 Granada Hills 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 $5,945, while the lowest is also $5,945, both in zip code 91344.

Property Tax Assessment Values Across Granada Hills, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Granada Hills Assessed Value

$501,277

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 Granada Hills, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91344$170,708$309,924$501,277$721,723$923,100

Source: Ownwell

Property Tax Bills Across Granada Hills, California

In Granada Hills, property tax bills are calculated based on the assessed value of your property, which is determined by the Los Angeles County Assessor's Office. The assessed value is typically a percentage of the market value, and in California, Proposition 13 caps this at 1% of the property's assessed value, with limited annual increases. Homeowners in Granada Hills face a median home price of $501,277, resulting in significant tax bills. For example, the 25th percentile tax bill is $3,782, while the 75th percentile reaches $8,429, and the 90th percentile can be as high as $10,728. These taxes can place a substantial financial burden on homeowners. However, Ownwell can help mitigate these costs by offering property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential discrepancies, Ownwell can assist in lowering your tax bill, ensuring you only pay what is fair. This expert assistance can lead to significant savings, making homeownership more affordable.

Property Tax Bills Across Granada Hills, California

Source: Ownwell

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$823

$26,956

$53,089

Average Granada Hills Tax Bill

$5,945

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 Granada Hills, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91344$2,191$3,782$5,945$8,429$10,728

Source: Ownwell

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