Marina Del Rey, California Property Taxes
The median property tax rate in Marina del Rey, CA is 1.16%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $919,241, the typical annual property tax bill in Marina del Rey reaches $10,457, significantly surpassing the national median of $2,690. Property taxes in Marina del Rey are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marina del Rey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marina del Rey or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marina Del Rey, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Marina Del Rey, California Tax Savings
Ownwell’s Marina del Rey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marina del Rey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marina del Rey 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 Marina del Rey. 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 Marina Del Rey, California
Property taxes in Marina del Rey, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marina del Rey is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Marina del Rey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marina del Rey 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 Marina del Rey's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 90292 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Marina del Rey 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.
Average Marina Del Rey Tax Rate
1.16%
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 Marina Del Rey, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90292 | 1.15% | 1.15% | 1.16% | 1.17% | 1.19% |
Source: Ownwell
$1,148
Average Marina Del Rey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Marina Del Rey, California
In Marina del Rey, 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 Marina del Rey, 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 Marina del Rey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 90292 has both the highest and lowest median tax bills, each amounting to $10,457.
Property Tax Assessment Values Across Marina Del Rey, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Marina Del Rey Assessed Value
$919,241
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 Marina Del Rey, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90292 | $389,687 | $612,498 | $919,241 | $1,339,894 | $2,055,383 |
Source: Ownwell
$1,148
Average Marina Del Rey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Marina Del Rey, California
In Marina del Rey, Los Angeles County, property tax bills are calculated based on the assessed value of a home, which is influenced by its market value. The median home price in this area stands at $919,241. Homeowners typically see tax bills ranging from $6,977 at the 25th percentile to $15,143 at the 75th percentile, with the highest median tax bill recorded at $10,457 in the 90292 zip code. These taxes fund essential public services, including schools and infrastructure. Factors such as property improvements and market fluctuations can impact the assessed value, thereby affecting the tax bill. With a national median property tax rate of 0.99%, Marina del Rey's property taxes can be notably higher, putting a significant financial burden on homeowners. Ownwell helps homeowners save on their property tax bills by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Marina Del Rey Tax Bill
$10,457
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 Marina Del Rey, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90292 | $4,516 | $6,977 | $10,457 | $15,143 | $23,357 |
Source: Ownwell
$1,148
Average Marina Del Rey Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
---|---|
Property Valuation Date | January 1 |
Appeal Deadline | December 2 |
Tax Bill | |
Issued | October 1 |
Due Date #1 | December 10 |
Due Date #2 | April 10 |
Links | |
---|---|
Los Angeles Tax Assessor | |
Phone | (213) 974-3211 |
Website | portal.assessor.lacounty.gov |
pio@assessor.lacounty.gov |
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