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Valyermo, California Property Taxes

The median property tax rate in Valyermo, CA is 1.15%, which is considerably higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With the median home value in Valyermo at $184,866, the typical annual property tax bill reaches $1,918, which is below the national median of $2,690. Property taxes in Valyermo are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Valyermo'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 Valyermo 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

Valyermo, 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 Valyermo, California Tax Savings

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

Property taxes in Valyermo, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valyermo is 1.15%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Valyermo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valyermo 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 Valyermo's effective property tax rate to other counties in California and the national median. For comparison, the 93563 zip code has the highest median property tax rate of 1.15%, while the 93563 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Valyermo 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 Valyermo, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Valyermo Tax Rate

1.15%

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 Valyermo, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
935631.06%1.12%1.15%1.27%1.50%

Source: Ownwell

Property Tax Assessment Values Across Valyermo, California

In Valyermo, 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 Valyermo, 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. For instance, the median home price here is $184,866, with tax bills ranging from $987 at the 25th percentile to $5,060 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 93563, with a median tax bill of $1,918. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Valyermo, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Valyermo Assessed Value

$184,866

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 Valyermo, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
93563$32,613$83,572$184,866$301,780$489,835

Source: Ownwell

Property Tax Bills Across Valyermo, California

In the city of Valyermo, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of the home. This assessed value is determined by the county assessor and reflects the market value of the property. The tax rate for the area is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market fluctuations, and local tax rates influence the final amount. For instance, homeowners in Valyermo face a median home price of $184,866, with tax bills ranging from $987 at the 25th percentile to $5,060 at the 90th percentile. High property taxes can be a burden for homeowners, but Ownwell offers a solution. Our property tax consulting services help identify potential savings by appealing incorrect assessments and securing exemptions. By leveraging our expertise, homeowners in Valyermo can potentially reduce their tax bills significantly, ensuring they only pay their fair share. Let Ownwell assist you in navigating the complexities of property tax assessments and save you money.

Property Tax Bills Across Valyermo, California

Source: Ownwell

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$823

$26,956

$53,089

Average Valyermo Tax Bill

$1,918

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 Valyermo, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
93563$525$987$1,918$2,986$5,060

Source: Ownwell

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