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Littlerock, California Property Taxes

The median property tax rate in Littlerock, CA is 1.20%, slightly lower than the state median of 1.21% but still higher than the national median of 0.99%. With a median home value in Littlerock, the typical annual property tax bill reaches $2,450, which is below the national median of $2,690. Property taxes in Littlerock are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Littlerock'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 Littlerock 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

Littlerock, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$2,510

$2,371

SAVE WITH OWNWELL

$1,148

Average Littlerock, California Tax Savings

Ownwell’s Little Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Little Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Little Rock 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 Little Rock. 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 Littlerock, California

Property taxes in Littlerock, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littlerock is 1.20%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Littlerock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littlerock 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 Littlerock's effective property tax rate to other areas in California and the national median. For comparison, the 93543 zip code has the highest and lowest median property tax rate of 1.20%. Understanding how these cities compare with Littlerock 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 Littlerock, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Littlerock Tax Rate

1.20%

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 Littlerock, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
935431.12%1.17%1.20%1.26%1.36%

Source: Ownwell

Property Tax Assessment Values Across Littlerock, California

In Littlerock, 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 Littlerock, 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 Littlerock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 93543, with a tax bill of $2,450, while the lowest median tax bill is also in zip code 93543, with the same value of $2,450.

Property Tax Assessment Values Across Littlerock, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Littlerock Assessed Value

$209,199

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 Littlerock, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
93543$93,039$141,436$209,199$316,200$415,982

Source: Ownwell

Property Tax Bills Across Littlerock, California

In Littlerock, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Los Angeles County Assessor's Office. The assessed value is typically a percentage of the market value of the property. For example, the median home price in Littlerock is $209,199. With a tax rate of 0.99%, the national median, homeowners can expect their tax bill to vary. The 25th percentile tax bill is $1,737, while the 75th percentile is $3,573, and the 90th percentile is $4,621. Factors such as property improvements, neighborhood changes, and market conditions can influence these values. Homeowners in Littlerock can benefit significantly from Ownwell's property tax appeal and exemption services. Ownwell helps identify discrepancies in assessed values and files appeals on behalf of homeowners, potentially lowering their tax bills. By leveraging local expertise and a deep understanding of property tax laws, Ownwell ensures homeowners pay only their fair share, maximizing their savings.

Property Tax Bills Across Littlerock, California

Source: Ownwell

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$823

$26,956

$53,089

Average Littlerock Tax Bill

$2,450

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 Littlerock, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
93543$1,185$1,737$2,450$3,573$4,621

Source: Ownwell

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