Pacoima, California Property Taxes
The median property tax rate in Pacoima, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Pacoima at $284,425, the typical annual property tax bill reaches $3,459, exceeding the national median of $2,690. Property taxes in Pacoima are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pacoima'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 Pacoima 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
Pacoima, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,527
$3,331
$1,148
Average Pacoima, California Tax Savings
Ownwell’s Pacoima Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pacoima with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pacoima 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 Pacoima. 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 Pacoima, California
Property taxes in Pacoima, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pacoima is 1.24%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Pacoima set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pacoima 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 Pacoima's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91331 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Pacoima 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 Pacoima Tax Rate
1.24%
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 Pacoima, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91331 | 1.19% | 1.21% | 1.24% | 1.31% | 1.54% |
Source: Ownwell
$1,148
Average Pacoima Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pacoima, California
In Pacoima, 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 Pacoima, 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 Pacoima helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pacoima is $284,425, with the highest median tax bill of $3459 in the 91331 zip code.
Average Pacoima Assessed Value
$284,425
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 Pacoima, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91331 | $84,331 | $179,177 | $284,425 | $443,700 | $569,362 |
Source: Ownwell
$1,148
Average Pacoima Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pacoima, California
In Pacoima, Los Angeles County, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. For instance, with a median home price of $284,425, homeowners can expect a tax bill ranging from $2,184 at the 25th percentile to $6,778 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Pacoima's rates can significantly impact homeowners' finances. Several factors influence the tax bill, including property improvements, neighborhood changes, and local tax levies. As these elements fluctuate, so can the assessed value, leading to potential increases in property taxes. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies discrepancies that may result in overpayment. Engaging Ownwell's services can lead to substantial savings on your property tax bill, ensuring you only pay your fair share.
Average Pacoima Tax Bill
$3,459
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 Pacoima, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91331 | $1,033 | $2,184 | $3,459 | $5,298 | $6,778 |
Source: Ownwell
$1,148
Average Pacoima 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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