Van Nuys, California Property Taxes
The median property tax rate in Van Nuys, 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 Van Nuys at $423,622, the typical annual property tax bill reaches $4,942, significantly exceeding the national median of $2,690. Property taxes in Van Nuys 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 Van Nuys'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 Van Nuys 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
Van Nuys, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Van Nuys, California Tax Savings
Ownwell’s Van Nuys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Van Nuys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Van Nuys 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 Van Nuys. 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 Van Nuys, California
Property taxes in Van Nuys, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Van Nuys is 1.20%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Van Nuys set these rates annually, and they can vary significantly across different neighborhoods. Each year, Van Nuys 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 Van Nuys' effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91406 zip code has the highest median property tax rate of 1.20%, while the 91401 zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Van Nuys 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 Van Nuys 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 Van Nuys, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91401 | 1.16% | 1.18% | 1.19% | 1.23% | 1.29% |
| 91405 | 1.17% | 1.18% | 1.20% | 1.23% | 1.29% |
| 91406 | 1.17% | 1.18% | 1.20% | 1.24% | 1.32% |
| 91411 | 1.16% | 1.18% | 1.19% | 1.23% | 1.31% |
Source: Ownwell
$1,148
Average Van Nuys Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Van Nuys, California
In Van Nuys, 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 Van Nuys, 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. For instance, the median home price in Van Nuys is $423,622. The zip code 91401 has the highest median tax bill at $5,980, while zip code 91405 has the lowest at $4,578. 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 Van Nuys helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Van Nuys, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Van Nuys Assessed Value
$423,622
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 Van Nuys, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91401 | $169,362 | $297,634 | $517,029 | $797,178 | $1,003,939 |
| 91405 | $159,476 | $253,162 | $396,049 | $579,703 | $751,603 |
| 91406 | $156,204 | $253,052 | $410,080 | $620,684 | $791,848 |
| 91411 | $138,827 | $250,509 | $421,614 | $715,570 | $938,409 |
Source: Ownwell
$1,148
Average Van Nuys Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Van Nuys, California
In Van Nuys, Los Angeles County, property tax bills are calculated based on the assessed value of your home, which is determined by the Los Angeles County Assessor’s Office. The tax rate is applied to this assessed value to determine your annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value, directly impacting your tax bill. For instance, the median home price in Van Nuys is $423,622, with tax bills ranging from $3,099 at the 25th percentile to $9,684 at the 90th percentile. The highest median tax bill in the area is $5,980 in the 91401 zip code, while the lowest is $4,578 in the 91405 zip code. Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf, potentially lowering your tax bill. This service ensures you are not overpaying and helps you save significantly on your property taxes.
Average Van Nuys Tax Bill
$4,942
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 Van Nuys, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91401 | $2,056 | $3,535 | $5,980 | $9,056 | $11,270 |
| 91405 | $1,789 | $2,963 | $4,578 | $6,710 | $8,653 |
| 91406 | $1,880 | $3,047 | $4,819 | $7,162 | $9,066 |
| 91411 | $1,673 | $3,054 | $4,944 | $8,181 | $10,489 |
Source: Ownwell
$1,148
Average Van Nuys 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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