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Wilmington, California Property Taxes

The median property tax rate in Wilmington, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Wilmington at $292,405, the typical annual property tax bill reaches $3,561, exceeding the national median of $2,690. Property taxes in Wilmington 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 Wilmington'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 Wilmington 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

Wilmington, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.24%

Estimate Property Tax Bill

$3,626

$3,424

SAVE WITH OWNWELL

$1,148

Average Wilmington, California Tax Savings

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

Property taxes in Wilmington, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilmington is 1.24%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Wilmington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilmington 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 Wilmington's effective property tax rate to other counties in California and the national median. For comparison, the 90744 zip code has the highest median property tax rate of 1.24%, while the 90744 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Wilmington 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 Wilmington, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Wilmington Tax Rate

1.24%

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 Wilmington, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
907441.19%1.21%1.24%1.30%1.49%

Source: Ownwell

Property Tax Assessment Values Across Wilmington, California

In Wilmington, 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 Wilmington, 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. The median home price in Wilmington is $292,405, with property tax bills ranging significantly. The 25th percentile tax bill is $2,352, while the 75th percentile tax bill is $5,131, and the 90th percentile tax bill is $6,638. The zip code 90744 has both the highest and lowest median tax bill at $3,561. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Wilmington, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Wilmington Assessed Value

$292,405

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 Wilmington, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90744$77,156$190,414$292,405$436,010$576,303

Source: Ownwell

Property Tax Bills Across Wilmington, California

In Wilmington, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Los Angeles County Assessor's Office. The median home price in Wilmington is $292,405, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's market value, improvements, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $2,352, while at the 75th percentile, it rises to $5,131. The highest median tax bill in the area is $3,561, consistent across all zip codes in Wilmington. High property tax bills can significantly impact homeowners, making it crucial to ensure they are not overpaying. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge inflated assessments, potentially lowering their tax bills. This can lead to substantial savings, offering homeowners financial relief and peace of mind.

Property Tax Bills Across Wilmington, California

Source: Ownwell

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$823

$26,956

$53,089

Average Wilmington Tax Bill

$3,561

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 Wilmington, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90744$1,094$2,352$3,561$5,131$6,638

Source: Ownwell

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