Monrovia, California Property Taxes
The median property tax rate in Monrovia, CA is 1.34%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Monrovia at $488,970, the typical annual property tax bill reaches $6,335, exceeding the national median of $2,690. Property taxes in Monrovia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Monrovia'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 Monrovia 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
Monrovia, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$6,552
$6,188
$1,148
Average Monrovia, California Tax Savings
Ownwell’s Monrovia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monrovia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monrovia 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 Monrovia. 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 Monrovia, California
Property taxes in Monrovia, California, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Monrovia is 1.34%, higher than the U.S. national median of 0.99%. Local government entities within Monrovia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monrovia 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 Monrovia's effective property tax rate to other areas in California and the national median. For comparison, the zip code 91016 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Monrovia 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 Monrovia Tax Rate
1.34%
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 Monrovia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91016 | 1.27% | 1.31% | 1.34% | 1.44% | 1.65% |
Source: Ownwell
$1,148
Average Monrovia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Monrovia, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Monrovia, CA. 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 Monrovia, 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 Monrovia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 91016, with a median tax bill of $6,335.
Property Tax Assessment Values Across Monrovia, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Monrovia Assessed Value
$488,970
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 Monrovia, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91016 | $140,427 | $274,968 | $488,969 | $726,324 | $953,700 |
Source: Ownwell
$1,148
Average Monrovia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Monrovia, California
In Monrovia, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of the property, which is typically lower than the market value. The median home price in Monrovia stands at $488,970. The property tax rate in this area is determined by local government and various taxing authorities, but it tends to be higher than the national median property tax rate of 0.99%. Homeowners in Monrovia can expect tax bills ranging from $3,756 at the 25th percentile to $12,022 at the 90th percentile, with the median tax bill being $6,335. Factors such as property improvements, location, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. High property taxes can be a significant financial burden for homeowners. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax bills. By thoroughly analyzing property assessments and identifying discrepancies, Ownwell can assist in securing a fairer, often lower, tax rate, providing substantial savings for homeowners.
Average Monrovia Tax Bill
$6,335
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 Monrovia, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91016 | $2,057 | $3,756 | $6,335 | $9,216 | $12,022 |
Source: Ownwell
$1,148
Average Monrovia 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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