El Segundo, California Property Taxes
The median property tax rate in El Segundo, CA is 1.14%, which is higher than the national median of 0.99% but slightly below the California state median of 1.21%. With a median home value of $736,238 in El Segundo, the typical annual property tax bill amounts to $8,133, far exceeding the national median of $2,690. Property taxes in El Segundo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding El Segundo'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 El Segundo 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
El Segundo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$8,393
$7,928
$1,148
Average El Segundo, California Tax Savings
Ownwell’s El Segundo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Segundo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Segundo 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 El Segundo. 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 El Segundo, California
Property taxes in El Segundo, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Segundo is 1.14%, notably higher than the U.S. national median of 0.99%. Local government entities within El Segundo set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Segundo 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 El Segundo's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 90245 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with El Segundo 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 El Segundo 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 El Segundo, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90245 | 1.12% | 1.13% | 1.14% | 1.16% | 1.22% |
Source: Ownwell
$1,148
Average El Segundo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across El Segundo, California
In El Segundo, 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 El Segundo, 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 El Segundo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 90245 has the highest and lowest median tax bill, both at $8,133. This contrasts with the national median property tax rate of 0.99%, highlighting the importance of understanding local tax nuances.
Property Tax Assessment Values Across El Segundo, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average El Segundo Assessed Value
$736,238
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 El Segundo, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90245 | $179,695 | $424,894 | $736,238 | $1,148,560 | $1,667,476 |
Source: Ownwell
$1,148
Average El Segundo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across El Segundo, California
In El Segundo, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in El Segundo is $736,238, and property tax rates in this area can vary. For instance, tax bills range from $4,748 at the 25th percentile to $17,916 at the 90th percentile. The highest median tax bill in the area is $8,133, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence your tax bill, including the property's assessed value, any applicable exemptions, and local tax rates. High property taxes can be a burden for homeowners, but Ownwell can help. By leveraging our expertise in property tax appeals and exemptions, we can assist you in potentially lowering your assessed value, ensuring you pay a fair amount. Our dedicated team works diligently to help you navigate the complexities of property taxes, ultimately saving you money.
Average El Segundo Tax Bill
$8,133
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 El Segundo, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
90245 | $2,130 | $4,748 | $8,133 | $12,544 | $17,916 |
Source: Ownwell
$1,148
Average El Segundo 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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