Montrose, California Property Taxes
The median property tax rate in Montrose, CA is 1.11%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $565,897, the typical annual property tax bill in Montrose reaches $6,110, significantly surpassing the national median of $2,690. Property taxes in Montrose are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Montrose'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 Montrose 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
Montrose, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$6,281
$5,932
$1,148
Average Montrose, California Tax Savings
Ownwell’s Montrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montrose 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 Montrose. 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 Los Angeles County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Montrose, California
Property taxes in Montrose, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montrose is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Montrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montrose 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 Montrose's effective property tax rate to other counties in California and the national median. For comparison, the 91020 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Montrose 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 Montrose Tax Rate
1.11%
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 Montrose, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91020 | 1.08% | 1.10% | 1.11% | 1.14% | 1.21% |
Source: Ownwell
$1,148
Average Montrose Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Montrose, California
In Montrose, 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 Montrose, 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 Montrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Montrose is $6,110 in the 91020 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Montrose, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Montrose Assessed Value
$565,897
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 Montrose, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91020 | $201,152 | $339,344 | $565,897 | $769,369 | $962,018 |
Source: Ownwell
$1,148
Average Montrose Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Montrose, California
In Montrose, Los Angeles County, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in Montrose is $565,897, and the property tax rate in California hovers around 1%, close to the national median of 0.99%. Factors such as property improvements and market conditions can affect the assessed value, leading to variations in tax bills. For instance, homeowners in Montrose might see tax bills ranging from $3,782 at the 25th percentile to $10,198 at the 90th percentile. High property taxes can be a significant burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their assessed values are fair, potentially lowering their tax bills. With a deep understanding of local tax regulations and market trends, Ownwell can effectively advocate on behalf of homeowners, leading to substantial savings.
Average Montrose Tax Bill
$6,110
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 Montrose, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91020 | $2,253 | $3,782 | $6,110 | $8,190 | $10,198 |
Source: Ownwell
$1,148
Average Montrose 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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