Woodland Hills, California Property Taxes
The median property tax rate in Woodland Hills, CA is 1.19%, slightly higher than the national median of 0.99% but just below the California state median of 1.21%. With a median home value of $599,894 in Woodland Hills, the typical annual property tax bill reaches $6,976, significantly exceeding the national median of $2,690. Property taxes in Woodland Hills 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 Woodland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Woodland Hills or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodland Hills, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$7,139
$6,742
$1,148
Average Woodland Hills, California Tax Savings
Ownwell’s Woodland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodland Hills 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 Woodland Hills. 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 Woodland Hills, California
Property taxes in Woodland Hills, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodland Hills is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Woodland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodland Hills 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 Woodland Hills' effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91303 zip code has the highest median property tax rate of 1.21%, while the 91367 zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Woodland Hills 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 Woodland Hills Tax Rate
1.19%
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 Woodland Hills, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91303 | 1.18% | 1.19% | 1.21% | 1.24% | 1.30% |
91364 | 1.17% | 1.18% | 1.20% | 1.23% | 1.32% |
91367 | 1.16% | 1.18% | 1.19% | 1.23% | 1.30% |
Source: Ownwell
$1,148
Average Woodland Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Woodland Hills, California
In Woodland Hills, 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 Woodland Hills, 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 instance, the highest median tax bill in Woodland Hills is $8,383 in zip code 91364, while the lowest is $5,901 in zip code 91303. 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 Woodland Hills, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Woodland Hills Assessed Value
$599,894
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 Woodland Hills, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91303 | $174,852 | $282,107 | $503,134 | $706,051 | $869,116 |
91364 | $227,065 | $441,972 | $727,065 | $1,011,798 | $1,378,529 |
91367 | $200,935 | $348,437 | $535,882 | $816,000 | $1,148,656 |
Source: Ownwell
$1,148
Average Woodland Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Woodland Hills, California
In Woodland Hills, located in Los Angeles County, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, and this forms the basis for your property tax bill. Several factors influence this calculation, including property improvements, market conditions, and local tax rates. Homeowners in Woodland Hills experience varying tax bills, with the 25th percentile at $4,325 and the 75th percentile reaching $10,400. The highest median tax bill in the area is $8,383 in the 91364 zip code, while the lowest is $5,901 in the 91303 zip code. Ownwell can assist homeowners in Woodland Hills by providing expert property tax appeal and exemption services. By leveraging their knowledge of local tax regulations and market conditions, Ownwell can help identify potential savings and ensure that homeowners are not overpaying on their property taxes. This can lead to significant reductions in annual tax bills, providing financial relief and peace of mind.
Average Woodland Hills Tax Bill
$6,976
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 Woodland Hills, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
91303 | $2,326 | $3,538 | $5,901 | $8,167 | $9,867 |
91364 | $2,652 | $5,071 | $8,383 | $11,609 | $15,667 |
91367 | $2,453 | $4,070 | $6,219 | $9,482 | $13,019 |
Source: Ownwell
$1,148
Average Woodland Hills 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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