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Hermosa Beach, California Property Taxes

The median property tax rate in Hermosa Beach, CA is 1.09%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $992,519, the typical annual property tax bill in Hermosa Beach reaches $10,372, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Hermosa Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hermosa Beach 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

Hermosa Beach, 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 Hermosa Beach, California Tax Savings

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

Property taxes in Hermosa Beach, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hermosa Beach is 1.09%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Hermosa Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hermosa Beach 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 Hermosa Beach's effective property tax rate to other counties in California and the national median. For comparison, the 90254 zip code has the highest median property tax rate of 1.09%, while it also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Hermosa Beach 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 Hermosa Beach, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Hermosa Beach Tax Rate

1.09%

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 Hermosa Beach, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902541.06%1.07%1.09%1.13%1.27%

Source: Ownwell

Property Tax Assessment Values Across Hermosa Beach, California

In Hermosa Beach, 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 Hermosa Beach, 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. The median home price in Hermosa Beach is $992,519, with tax bills ranging from $5,193 at the 25th percentile to $27,834 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $10,372, found in the 90254 zip code. 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 Hermosa Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Hermosa Beach, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Hermosa Beach Assessed Value

$992,519

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 Hermosa Beach, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90254$211,812$485,362$992,519$1,729,050$2,729,437

Source: Ownwell

Property Tax Bills Across Hermosa Beach, California

In Hermosa Beach, Los Angeles County, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value typically reflects the market value of your property. The property tax rate in Hermosa Beach is influenced by local levies and voter-approved measures, contributing to a significant variation in tax bills. Homeowners in Hermosa Beach face property tax bills ranging from $5,193 at the 25th percentile to $27,834 at the 90th percentile, with the highest median tax bill recorded at $10,372 in the 90254 zip code. These substantial tax bills can impact homeowners' budgets considerably. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to market conditions, Ownwell can identify discrepancies and file appeals on your behalf. This service can lead to significant tax savings, ensuring you only pay your fair share and potentially reducing your financial burden.

Property Tax Bills Across Hermosa Beach, California

Source: Ownwell

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$823

$26,956

$53,089

Average Hermosa Beach Tax Bill

$10,372

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 Hermosa Beach, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90254$2,510$5,193$10,372$17,878$27,834

Source: Ownwell

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