La Jolla, California Property Taxes
The median property tax rate in La Jolla, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in La Jolla, the typical annual property tax bill reaches $10,973, exceeding the national median of $2,690. Property taxes in La Jolla 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 La Jolla'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 La Jolla 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
La Jolla, 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 La Jolla, California Tax Savings
Ownwell’s LA Jolla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA Jolla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA Jolla 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 LA Jolla. 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 La Jolla, California
Property taxes in La Jolla, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Jolla is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within La Jolla set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Jolla 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 La Jolla's effective property tax rate to other regions in California and the national median. For comparison, the 92037 ZIP code has the highest median property tax rate of 1.23%, while the same ZIP code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with La Jolla provides valuable insights into the varying tax landscape across San Diego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Jolla Tax Rate
1.23%
Average San Diego County Tax Rate
1.21%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Jolla, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92037 | 1.21% | 1.22% | 1.23% | 1.23% | 1.24% |
Source: Ownwell
$1,148
Average La Jolla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Jolla, California
In La Jolla, 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 San Diego 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 La Jolla, 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 La Jolla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 92037 has the highest median tax bill at $10,973, which is significantly above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across La Jolla, California
Source: Ownwell
$17,080
$1,327,607
$2,638,134
Average La Jolla Assessed Value
$884,562
Average San Diego County Assessed Value
$454,653
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Jolla, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92037 | $260,534 | $469,845 | $884,562 | $1,744,602 | $3,017,737 |
Source: Ownwell
$1,148
Average La Jolla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Jolla, California
In La Jolla, San Diego County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $884,562, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is $5,775, while the 75th percentile reaches $21,680, and the 90th percentile climbs to $37,664. The highest median tax bill in the 92037 zip code is $10,973, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can place a substantial financial burden on homeowners. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell can potentially lower your assessed value, resulting in significant savings on your property tax bill. Trust Ownwell to advocate on your behalf and help you achieve the lowest possible property tax.
Average La Jolla Tax Bill
$10,973
Average San Diego County Tax Bill
$5,506
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across La Jolla, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92037 | $3,172 | $5,775 | $10,973 | $21,680 | $37,664 |
Source: Ownwell
$1,148
Average La Jolla 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 | |
|---|---|
| San Diego Tax Assessor | |
| Phone | (858) 505-6262 |
| Website | assr.parcelquest.com |
| arcc.fgg@sdcounty.ca.gov | |
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