Covina, California Property Taxes
The median property tax rate in Covina, CA is 1.28%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Covina, the typical annual property tax bill reaches $4,648, exceeding the national median of $2,690. Property taxes in Covina 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 Covina'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 Covina 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
Covina, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$4,899
$4,546
$1,148
Average Tax Savings
Ownwell’s Covina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Covina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Covina 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 Covina. 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 Covina, California
Property taxes in Covina, California, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Covina is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Covina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Covina 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 Covina's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91722 zip code has the highest median property tax rate of 1.31%, while the 91724 zip code has the lowest median tax rate of 1.24%. Understanding how these areas compare with Covina 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 Covina Tax Rate
1.28%
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 Covina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91722 | 1.23% | 1.25% | 1.31% | 1.38% | 1.64% |
| 91723 | 1.23% | 1.25% | 1.30% | 1.38% | 1.62% |
| 91724 | 1.18% | 1.20% | 1.24% | 1.31% | 1.49% |
Source: Ownwell
$1,148
Average Covina Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Covina, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Covina, CA. 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 Covina, 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 Covina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Covina is $5,072 in the 91723 zip code, while the lowest is $4,291 in the 91722 zip code.
Average Covina Assessed Value
$382,764
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 Covina, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91722 | $114,180 | $229,623 | $344,066 | $500,834 | $609,742 |
| 91723 | $133,059 | $253,856 | $401,824 | $560,626 | $689,935 |
| 91724 | $151,421 | $263,442 | $421,361 | $634,643 | $835,652 |
Source: Ownwell
$1,148
Average Covina Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Covina, California
In Covina, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the Los Angeles County Assessor’s Office and is often influenced by the market value of similar properties in the area. Homeowners in Covina can expect property tax bills to vary, with the 25th percentile at $3,078 and the 75th percentile reaching $6,643. Notably, the highest median tax bill in the area is $5,072 in the 91723 zip code, while the lowest is $4,291 in the 91722 zip code. These property taxes can significantly impact homeowners' finances, making it crucial to ensure that the assessed value is accurate and fair. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burdens. By reviewing your property’s assessed value and identifying potential discrepancies, Ownwell can assist in lowering your property tax bill, providing substantial savings and peace of mind.
Average Covina Tax Bill
$4,648
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 Covina, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91722 | $1,498 | $2,950 | $4,291 | $6,103 | $7,362 |
| 91723 | $1,958 | $3,371 | $5,072 | $6,905 | $8,372 |
| 91724 | $1,603 | $3,094 | $4,916 | $7,318 | $9,690 |
Source: Ownwell
$1,148
Average Covina 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 | November 30 |
| 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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