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South El Monte, California Property Taxes

The median property tax rate in South El Monte, CA is 1.31%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in South El Monte at $321,414, the typical annual property tax bill reaches $3,890, exceeding the national median of $2,690. Property taxes in South El Monte 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 South El Monte'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 South El Monte 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

South El Monte, 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

SAVE WITH OWNWELL

$1,148

Average South El Monte, California Tax Savings

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

Property taxes in South El Monte, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South El Monte is 1.31%, higher than the U.S. national median of 0.99%. Local government entities within South El Monte set these rates annually, and they can vary significantly across different neighborhoods. Each year, South El Monte 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 South El Monte's effective property tax rate to other counties in California and the national median. For comparison, the 91733 zip code has the highest median property tax rate of 1.31%, while the 91733 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with South El Monte 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 South El Monte, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average South El Monte Tax Rate

1.31%

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 South El Monte, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
917331.14%1.21%1.31%1.47%1.95%

Source: Ownwell

Property Tax Assessment Values Across South El Monte, California

In South El Monte, 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 South El Monte, 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 South El Monte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the 91733 zip code stands at $3890, reflecting the area's property tax landscape.

Property Tax Assessment Values Across South El Monte, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average South El Monte Assessed Value

$321,414

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 South El Monte, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91733$64,234$178,136$321,414$527,640$683,634

Source: Ownwell

Property Tax Bills Across South El Monte, California

In South El Monte, Los Angeles County, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate. For instance, with a median home price of $321,414, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,193, while the 75th percentile reaches approximately $5,959. At the 90th percentile, it can climb to $7,649. These figures highlight the significant range in property tax bills within the area. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, directly impacting the tax bill. High property taxes can be a financial burden for homeowners. Ownwell can assist by helping you appeal your property's assessed value and identify potential exemptions, ensuring you only pay your fair share. This can lead to substantial savings and provide financial relief for homeowners in South El Monte.

Property Tax Bills Across South El Monte, California

Source: Ownwell

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$823

$26,956

$53,089

Average South El Monte Tax Bill

$3,890

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 South El Monte, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91733$1,119$2,193$3,890$5,959$7,649

Source: Ownwell

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