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North Hollywood, California Property Taxes

The median property tax rate in North Hollywood, CA is 1.20%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With the median home value in North Hollywood, the typical annual property tax bill reaches $4,915, significantly surpassing the national median of $2,690. Property taxes in North Hollywood are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding North Hollywood'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 North Hollywood 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

North Hollywood, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$5,040

$4,760

SAVE WITH OWNWELL

$1,148

Average North Hollywood, California Tax Savings

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

Property taxes in North Hollywood, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Hollywood is 1.20%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within North Hollywood set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Hollywood 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 North Hollywood's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91605 ZIP code has the highest median property tax rate of 1.22%, while the 91602 ZIP code has the lowest median tax rate of 1.17%. Understanding how these areas compare with North Hollywood 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 North Hollywood, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average North Hollywood Tax Rate

1.20%

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 North Hollywood, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
916011.16%1.17%1.18%1.22%1.28%
916021.16%1.17%1.17%1.20%1.24%
916051.18%1.19%1.22%1.25%1.34%
916061.17%1.18%1.20%1.24%1.32%

Source: Ownwell

Property Tax Assessment Values Across North Hollywood, California

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Hollywood, California. 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 North Hollywood, 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. For example, the highest median tax bill in North Hollywood is $6,578 in the 91602 zip code, while the lowest is $4,315 in the 91605 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across North Hollywood, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average North Hollywood Assessed Value

$419,996

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 North Hollywood, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91601$169,798$288,895$492,559$757,496$1,071,663
91602$177,458$353,874$576,428$843,444$1,285,031
91605$145,158$235,472$363,782$552,285$735,822
91606$135,863$239,998$385,847$613,532$814,011

Source: Ownwell

Property Tax Bills Across North Hollywood, California

In North Hollywood, property tax bills are determined based on the assessed value of a home, which is derived from its market value. Los Angeles County uses a base rate to calculate property taxes, which can be influenced by factors such as property improvements and local tax levies. Homeowners in North Hollywood face varying tax bills, with the 25th percentile at $3,069 and the 75th percentile reaching $7,489. The highest median tax bill in the area is $6,578 in the 91602 zip code, while the lowest is $4,315 in the 91605 zip code. These property taxes significantly impact homeowners, adding a considerable amount to annual expenses. However, Ownwell can help homeowners reduce their property tax bills by providing expert appeal and exemption services. By thoroughly reviewing property assessments and identifying potential errors or overvaluations, Ownwell ensures homeowners pay only their fair share of taxes, potentially saving them thousands of dollars annually.

Property Tax Bills Across North Hollywood, California

Source: Ownwell

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$823

$26,956

$53,089

Average North Hollywood Tax Bill

$4,915

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 North Hollywood, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91601$2,079$3,466$5,746$8,582$11,904
91602$2,160$4,081$6,578$9,610$14,464
91605$1,509$2,842$4,315$6,404$8,455
91606$1,694$2,898$4,536$6,962$9,243

Source: Ownwell

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