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Playa Vista, California Property Taxes

The median property tax rate in Playa Vista, CA is 1.45%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Playa Vista at $939,480, the typical annual property tax bill reaches $13,452, far exceeding the national median of $2,690. Property taxes in Playa Vista 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 Playa Vista'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 Playa Vista 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

Playa Vista, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.45%

Estimate Property Tax Bill

$13,622

$12,865

SAVE WITH OWNWELL

$1,148

Average Playa Vista, California Tax Savings

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

Property taxes in Playa Vista, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Playa Vista is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Playa Vista set these rates annually, and they can vary across different neighborhoods. Each year, Playa Vista 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 Playa Vista's effective property tax rate to other counties in California and the national median. For comparison, the zip code 90094 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these areas compare with Playa Vista 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 Playa Vista, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Playa Vista Tax Rate

1.45%

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 Playa Vista, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
900941.15%1.21%1.45%1.56%1.66%

Source: Ownwell

Property Tax Assessment Values Across Playa Vista, California

In Playa Vista, 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 Playa Vista, 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 Playa Vista helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 90094 has the highest and lowest median tax bill, both at $13,452, reflecting a unique consistency in tax assessments within the area.

Property Tax Assessment Values Across Playa Vista, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Playa Vista Assessed Value

$939,480

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 Playa Vista, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90094$393,857$581,002$939,480$1,413,009$2,055,042

Source: Ownwell

Property Tax Bills Across Playa Vista, California

In Playa Vista, Los Angeles County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in Playa Vista stands at $939,480, and property tax bills in this area can vary significantly. For instance, the tax bill at the 25th percentile is $8,771, while it climbs to $18,651 at the 75th percentile and reaches $25,146 at the 90th percentile. The highest and lowest median tax bills in the area are both $13,452, indicating a consistent tax burden across different properties. Homeowners in Playa Vista may find these tax bills to be a significant financial burden. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure that their property is fairly assessed, potentially lowering their tax bills and saving them money.

Property Tax Bills Across Playa Vista, California

Source: Ownwell

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$823

$26,956

$53,089

Average Playa Vista Tax Bill

$13,452

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 Playa Vista, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90094$5,613$8,771$13,452$18,651$25,146

Source: Ownwell

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