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Leona Valley, California Property Taxes

The median property tax rate in Leona Valley, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Leona Valley, the typical annual property tax bill reaches $5,208, exceeding the national median of $2,690. Property taxes in Leona Valley 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 Leona Valley'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 Leona Valley or another part of Los Angeles County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Leona Valley, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.24%

Estimate Property Tax Bill

$5,242

$4,951

SAVE WITH OWNWELL

$1,148

Average Leona Valley, California Tax Savings

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

Property taxes in Leona Valley, CA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leona Valley is 1.24%, which is higher than the U.S. national median of 0.99%. Local government entities within Leona Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leona Valley 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 Leona Valley's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 93551 zip code has the highest median property tax rate of 1.24%, while the 93551 zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Leona Valley 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 Leona Valley, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Leona Valley Tax Rate

1.24%

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 Leona Valley, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
935511.16%1.22%1.24%1.27%1.35%

Source: Ownwell

Property Tax Assessment Values Across Leona Valley, California

In Leona Valley, 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 Appraisal District 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 Leona Valley, 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 Leona Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Leona Valley is $5,208 in the 93551 zip code. Similarly, the lowest median tax bill is also $5,208 in the same zip code.

Property Tax Assessment Values Across Leona Valley, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Leona Valley Assessed Value

$422,770

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 Leona Valley, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
93551$177,531$288,818$422,770$557,310$720,814

Source: Ownwell

Property Tax Bills Across Leona Valley, California

In Leona Valley, Los Angeles County, CA, property tax bills are calculated based on the assessed value of the property, which is influenced by the market value and any improvements made. The tax rate is applied to this assessed value to determine the final tax bill. Homeowners in Leona Valley face a median home price of $422,770, with property tax bills ranging from $3,513 at the 25th percentile to $8,498 at the 90th percentile. Notably, the highest median tax bill in the area is $5,208. Factors such as property location, size, and any exemptions or deductions available can significantly affect the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Leona Valley may find their bills relatively high, impacting their annual budget. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, providing substantial savings and financial relief.

Property Tax Bills Across Leona Valley, California

Source: Ownwell

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$823

$26,956

$53,089

Average Leona Valley Tax Bill

$5,208

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 Leona Valley, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
93551$2,228$3,513$5,208$6,911$8,498

Source: Ownwell

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