Castaic, California Property Taxes
The median property tax rate in Castaic, CA is 1.33%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Castaic at $494,949, the typical annual property tax bill reaches $6,382, exceeding the national median of $2,690. Property taxes in Castaic 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 Castaic'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 Castaic 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
Castaic, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$6,583
$6,217
$1,148
Average Castaic, California Tax Savings
Ownwell’s Castaic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castaic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castaic 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 Castaic. 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 Castaic, California
Property taxes in Castaic, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castaic is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Castaic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castaic 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 Castaic's effective property tax rate to other counties in California and the national median. For comparison, the 91384 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these areas compare with Castaic 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 Castaic Tax Rate
1.33%
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 Castaic, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91310 | N/A | N/A | N/A | N/A | N/A |
| 91384 | 1.23% | 1.28% | 1.33% | 1.43% | 1.56% |
Source: Ownwell
$1,148
Average Castaic Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Castaic, California
In Castaic, 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 Castaic, 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. The highest median tax bill in Castaic is $6,383, found in the 91384 zip code, which also has the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Castaic Assessed Value
$494,949
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 Castaic, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91310 | N/A | N/A | N/A | N/A | N/A |
| 91384 | $238,324 | $354,289 | $494,949 | $631,524 | $792,891 |
Source: Ownwell
$1,148
Average Castaic Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Castaic, California
In Castaic, Los Angeles County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The tax rate is applied to this value to determine the annual tax bill. Factors such as property location, home improvements, and market conditions influence the assessed value. For homeowners in Castaic, the median home price is $494,949, with tax bills ranging from $4,470 at the 25th percentile to $10,076 at the 90th percentile. The median property tax bill in the area is $6,383, notably higher than the national median property tax rate of 0.99%. Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf. This process can result in significant savings, ensuring you only pay your fair share. Trust Ownwell to navigate the complexities of property taxes and secure potential reductions for your home in Castaic.
Average Castaic Tax Bill
$6,382
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 Castaic, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91310 | N/A | N/A | N/A | N/A | N/A |
| 91384 | $2,794 | $4,473 | $6,383 | $8,199 | $10,078 |
Source: Ownwell
$1,148
Average Castaic 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 | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.