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Chatsworth, California Property Taxes

The median property tax rate in Chatsworth, CA is 1.21%, which is considerably higher than the national median of 0.99% but aligns with the California state median of 1.21%. With a median home value of $506,421 in Chatsworth, the typical annual property tax bill reaches $5,759, significantly surpassing the national median of $2,690. Property taxes in Chatsworth are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Chatsworth'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 Chatsworth 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

Chatsworth, 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 Chatsworth, California Tax Savings

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

Property taxes in Chatsworth, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatsworth is 1.21%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Chatsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatsworth 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 Chatsworth's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91311 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Chatsworth 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 Chatsworth, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Chatsworth Tax Rate

1.21%

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 Chatsworth, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913111.17%1.19%1.21%1.24%1.30%

Source: Ownwell

Property Tax Assessment Values Across Chatsworth, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chatsworth, California. 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 Chatsworth, 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 Chatsworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chatsworth is $506,421, with the highest median tax bill being $5,759 in the 91311 zip code.

Property Tax Assessment Values Across Chatsworth, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Chatsworth Assessed Value

$506,421

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 Chatsworth, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91311$201,145$323,764$506,421$739,746$1,038,960

Source: Ownwell

Property Tax Bills Across Chatsworth, California

In Chatsworth, Los Angeles County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the Los Angeles County Assessor's Office. The assessed value is typically a percentage of the market value, and the property tax rate is applied to this assessed value. Factors such as recent home sales, improvements, and overall market conditions can influence your home's assessed value. For homeowners in Chatsworth, the property tax bill can vary significantly. The 25th percentile tax bill is around $3,588, while the 75th percentile is approximately $8,487, and the 90th percentile reaches up to $11,902. This variation can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Chatsworth save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing your property's assessed value and identifying any discrepancies or opportunities for exemptions, Ownwell can help you achieve a fairer tax assessment, potentially saving you hundreds or even thousands of dollars annually.

Property Tax Bills Across Chatsworth, California

Source: Ownwell

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$823

$26,956

$53,089

Average Chatsworth Tax Bill

$5,759

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 Chatsworth, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91311$2,049$3,588$5,759$8,487$11,902

Source: Ownwell

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