Redondo Beach, California Property Taxes
The median property tax rate in Redondo Beach, CA is 1.17%, slightly lower than the state median of 1.21% but still higher than the national median of 0.99%. With the median home value in Redondo Beach at $749,023, the typical annual property tax bill reaches $8,570, significantly exceeding the national median of $2,690. Property taxes in Redondo Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Redondo Beach'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 Redondo Beach 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
Redondo Beach, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$8,764
$8,276
$1,148
Average Redondo Beach, California Tax Savings
Ownwell’s Redondo Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Redondo Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Redondo Beach 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 Redondo Beach. 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 Redondo Beach, California
Property taxes in Redondo Beach, California, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Redondo Beach is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Redondo Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redondo Beach 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 Redondo Beach's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 90278 zip code has the highest median property tax rate of 1.19%, while the 90277 zip code has the lowest median tax rate of 1.15%. Understanding how these areas compare with Redondo Beach 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 Redondo Beach Tax Rate
1.17%
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 Redondo Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90277 | 1.11% | 1.12% | 1.15% | 1.21% | 1.34% |
| 90278 | 1.14% | 1.16% | 1.19% | 1.27% | 1.47% |
Source: Ownwell
$1,148
Average Redondo Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Redondo Beach, California
In Redondo Beach, 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 Redondo Beach, 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 Redondo Beach 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 90277 at $8,762, while the lowest is 90278 at $8,422.
Property Tax Assessment Values Across Redondo Beach, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Redondo Beach Assessed Value
$749,023
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 Redondo Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90277 | $204,891 | $437,386 | $781,575 | $1,222,587 | $1,765,015 |
| 90278 | $245,761 | $436,275 | $727,754 | $1,023,706 | $1,365,120 |
Source: Ownwell
$1,148
Average Redondo Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Redondo Beach, California
In Redondo Beach, CA, property tax bills are determined by the assessed value of your home, which is typically based on the market value at the time of purchase, adjusted annually for inflation. The local tax rate is then applied to this assessed value. For instance, with a median home price of $749,023, homeowners can expect varying tax bills, with the 25th percentile at $5,297 and the 75th percentile reaching $12,331. The highest median tax bill in the area is $8,762 in the 90277 zip code, while the lowest is $8,422 in the 90278 zip code. These tax bills can significantly impact homeowners, making it essential to ensure that your property is not over-assessed. Ownwell offers professional property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By analyzing market trends and comparable property values, Ownwell can identify discrepancies in your assessment and guide you through the appeal process, maximizing your savings and ensuring a fair tax bill.
Average Redondo Beach Tax Bill
$8,570
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 Redondo Beach, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90277 | $2,750 | $5,173 | $8,762 | $13,471 | $19,145 |
| 90278 | $3,334 | $5,398 | $8,422 | $11,691 | $15,106 |
Source: Ownwell
$1,148
Average Redondo Beach 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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