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Montebello, California Property Taxes

The median property tax rate in Montebello, CA is 1.54%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Montebello at $347,380, the typical annual property tax bill reaches $5,267, exceeding the national median of $2,690. Property taxes in Montebello 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 Montebello'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 Montebello 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

Montebello, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.54%

Estimate Property Tax Bill

$5,350

$5,052

SAVE WITH OWNWELL

$1,148

Average Montebello, California Tax Savings

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

Property taxes in Montebello, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montebello is 1.54%, significantly higher than the U.S. national median of 0.99%. Local government entities within Montebello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montebello 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 Montebello's effective property tax rate to other counties in California and the national median. For comparison, the 90640 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Montebello 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 Montebello, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Montebello Tax Rate

1.54%

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 Montebello, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
906401.42%1.47%1.54%1.71%2.18%

Source: Ownwell

Property Tax Assessment Values Across Montebello, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Montebello, 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 Montebello, 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. The median home price in Montebello is $347,380. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Montebello's zip code 90640 has both the highest and lowest median tax bill at $5,267.

Property Tax Assessment Values Across Montebello, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Montebello Assessed Value

$347,380

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 Montebello, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90640$92,960$200,756$347,380$516,275$687,900

Source: Ownwell

Property Tax Bills Across Montebello, California

In Montebello, CA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Montebello is $347,380, and the property tax rate in Los Angeles County is around 1.5%, higher than the national median of 0.99%. This results in a median tax bill of approximately $5,267. Factors such as property improvements and neighborhood changes can affect the assessed value, leading to variations in tax bills. For instance, tax bills in Montebello range from $3,268 at the 25th percentile to $9,798 at the 90th percentile. Ownwell offers a solution for homeowners looking to reduce their property tax bills. By leveraging expert knowledge and data analytics, Ownwell identifies potential discrepancies in property assessments and files appeals on behalf of homeowners. This can lead to significant savings, ensuring that homeowners are not overpaying on their property taxes. With Ownwell, Montebello residents can achieve fair and accurate property tax assessments.

Property Tax Bills Across Montebello, California

Source: Ownwell

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$823

$26,956

$53,089

Average Montebello Tax Bill

$5,267

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 Montebello, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90640$1,941$3,268$5,267$7,459$9,798

Source: Ownwell

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