Santa Fe Springs, California Property Taxes
The median property tax rate in Santa Fe Springs, CA is 1.34%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Santa Fe Springs, the typical annual property tax bill reaches $4,695, exceeding the national median of $2,690. Property taxes in Santa Fe Springs 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 Santa Fe Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Santa Fe Springs 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
Santa Fe Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$4,761
$4,496
$1,148
Average Santa Fe Springs, California Tax Savings
Ownwell’s SANTA FE SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SANTA FE SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SANTA FE SPRINGS 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 SANTA FE SPRINGS. 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 Santa Fe Springs, California
Property taxes in Santa Fe Springs, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Santa Fe Springs is 1.34%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Santa Fe Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Santa Fe Springs 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 Santa Fe Springs' effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the zip code 90670 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Santa Fe Springs 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 Santa Fe Springs Tax Rate
1.34%
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 Santa Fe Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90670 | 1.24% | 1.27% | 1.34% | 1.50% | 2.25% |
Source: Ownwell
$1,148
Average Santa Fe Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Santa Fe Springs, California
In Santa Fe Springs, 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 Santa Fe Springs, 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 Santa Fe Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Santa Fe Springs is $355,294, with the highest median tax bill reported at $4,695 in the 90670 zip code.
Property Tax Assessment Values Across Santa Fe Springs, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Santa Fe Springs Assessed Value
$355,294
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 Santa Fe Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90670 | $72,508 | $215,766 | $355,294 | $512,017 | $626,686 |
Source: Ownwell
$1,148
Average Santa Fe Springs Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Santa Fe Springs, California
In Santa Fe Springs, Los Angeles County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in this area is $355,294. Homeowners in Santa Fe Springs experience a range of tax bills, with the 25th percentile paying around $2,980 and the 75th percentile facing bills as high as $6,424. The highest median tax bill in the area is $4,695, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the total tax bill, including the property's assessed value, any applicable exemptions, and local tax rates. High property taxes can significantly impact homeowners, making it essential to ensure accurate assessments. Ownwell can assist homeowners in Santa Fe Springs by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and securing eligible exemptions, Ownwell helps homeowners reduce their tax burden, potentially saving them thousands of dollars annually.
Average Santa Fe Springs Tax Bill
$4,695
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 Santa Fe Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90670 | $1,573 | $2,980 | $4,695 | $6,424 | $7,651 |
Source: Ownwell
$1,148
Average Santa Fe Springs 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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