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Sierra Madre, California Property Taxes

The median property tax rate in Sierra Madre, CA is 1.15%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Sierra Madre at $661,776, the typical annual property tax bill reaches $7,351, significantly exceeding the national median of $2,690. Property taxes in Sierra Madre are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Sierra Madre's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sierra Madre or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Sierra Madre, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.15%

Estimate Property Tax Bill

$7,610

$7,187

SAVE WITH OWNWELL

$1,148

Average Sierra Madre, California Tax Savings

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

Property taxes in Sierra Madre, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Sierra Madre is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Sierra Madre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sierra Madre 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 Sierra Madre's effective property tax rate to other areas within Los Angeles County and the national median. For comparison, the 91024 zip code has the highest median property tax rate of 1.15%, while the 91024 zip code also has the lowest median tax rate of 1.15%. Understanding how these figures compare with Sierra Madre 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 Sierra Madre, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Sierra Madre Tax Rate

1.15%

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 Sierra Madre, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
910241.12%1.13%1.15%1.20%1.42%

Source: Ownwell

Property Tax Assessment Values Across Sierra Madre, California

In Sierra Madre, 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 Sierra Madre, 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. The median home price in Sierra Madre is $661,776, and the median tax bill in the 91024 zip code is $7,351. 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 Sierra Madre, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Sierra Madre Assessed Value

$661,776

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 Sierra Madre, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91024$112,586$332,410$661,776$1,019,591$1,443,374

Source: Ownwell

Property Tax Bills Across Sierra Madre, California

In Sierra Madre, Los Angeles County, CA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is typically a percentage of the market value. Factors such as property improvements, location, and market trends influence this value. With a median home price of $661,776, homeowners in Sierra Madre face varying tax bills, ranging from $3,801 at the 25th percentile to $15,835 at the 90th percentile. The median property tax rate in Sierra Madre is significantly higher than the national median of 0.99%, with the highest median tax bill recorded at $7,351 in the 91024 zip code. Ownwell can help homeowners in Sierra Madre reduce their property tax bills through expert property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and opportunities for tax reductions. This proactive approach ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Sierra Madre, California

Source: Ownwell

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$823

$26,956

$53,089

Average Sierra Madre Tax Bill

$7,351

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 Sierra Madre, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91024$1,566$3,801$7,351$11,314$15,835

Source: Ownwell

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