Westlake Village, California Property Taxes
The median property tax rate in Westlake Village, CA is 1.14%, which is considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Westlake Village at $752,574, the typical annual property tax bill reaches $8,347, significantly exceeding the national median of $2,690. Property taxes in Westlake Village 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 Westlake Village'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 Westlake Village 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
Westlake Village, 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
$1,148
Average Westlake Village, California Tax Savings
Ownwell’s Westlake Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westlake Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westlake Village 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 Westlake Village. 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 Westlake Village, California
Property taxes in Westlake Village, California, are essential for funding key local services, including public schools, road maintenance, and emergency services. The median tax rate in Westlake Village is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Westlake Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westlake Village 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. For comparison, the 91362 zip code has the highest median property tax rate at 1.15%, while the 91361 zip code has the lowest median tax rate at 1.14%. Understanding how these areas compare with Westlake Village 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 Westlake Village Tax Rate
1.14%
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 Westlake Village, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91361 | 1.10% | 1.12% | 1.14% | 1.18% | 1.29% |
| 91362 | 1.12% | 1.13% | 1.15% | 1.19% | 1.22% |
Source: Ownwell
$1,148
Average Westlake Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Westlake Village, California
In Westlake Village, 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 Westlake Village, 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 Westlake Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $8,965 in the 91361 zip code, while the lowest is $6,479 in the 91362 zip code.
Property Tax Assessment Values Across Westlake Village, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Westlake Village Assessed Value
$752,574
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 Westlake Village, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91361 | $229,933 | $444,737 | $813,402 | $1,249,527 | $1,790,523 |
| 91362 | $299,375 | $368,800 | $567,292 | $756,142 | $904,856 |
Source: Ownwell
$1,148
Average Westlake Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Westlake Village, California
In Westlake Village, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the Los Angeles County Assessor's Office and typically reflects the property's market value at the time of purchase, with annual adjustments for inflation. The median home price in Westlake Village is $752,574, leading to varying tax bills across different percentiles. For instance, homeowners in the 25th percentile pay around $4,949, while those in the 75th percentile face bills up to $12,763. The highest median tax bill in the area is $8,965 in the 91361 zip code. These tax bills can significantly impact homeowners, making it crucial to manage and potentially lower these costs. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals to reduce over-assessed values. This process can lead to substantial savings on your annual property tax bill, ensuring you only pay your fair share.
Average Westlake Village Tax Bill
$8,347
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 Westlake Village, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91361 | $2,742 | $5,082 | $8,965 | $13,561 | $19,218 |
| 91362 | $3,644 | $4,364 | $6,479 | $8,438 | $9,839 |
Source: Ownwell
$1,148
Average Westlake Village 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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