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Culver City, California Property Taxes

The median property tax rate in Culver City, 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 Culver City, the typical annual property tax bill reaches $6,235, exceeding the national median of $2,690. Property taxes in Culver City 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 Culver City'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 Culver City 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

Culver City, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.24%

Estimate Property Tax Bill

$6,303

$5,849

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Culver City, California, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Culver City is 1.24%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Culver City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culver City 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 Culver City's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 90232 zip code has the highest median property tax rate of 1.30%, while the 90230 zip code has the lowest median tax rate of 1.22%. Understanding how these areas compare with Culver City 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 Culver City, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Culver City 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 Culver City, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902301.15%1.17%1.22%1.36%1.60%
902321.13%1.18%1.30%1.55%2.22%

Source: Ownwell

Property Tax Assessment Values Across Culver City, California

In Culver City, 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 Culver City, 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, zip code 90232 has the highest median tax bill at $8,353, while zip code 90230 has the lowest at $5,718. Being aware of these valuation processes in Culver City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Culver City, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Culver City Assessed Value

$508,271

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 Culver City, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90230$132,586$258,638$476,778$745,811$1,184,766
90232$139,948$338,187$654,500$1,181,168$1,718,434

Source: Ownwell

Property Tax Bills Across Culver City, California

In Culver City, located in Los Angeles County, 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 assessed value is typically a percentage of the market value, adjusted annually for inflation and any improvements made to the property. Homeowners in Culver City can expect property tax bills to vary significantly, with the 25th percentile at $3,725 and the 75th percentile reaching $10,013. The highest median tax bill in the area is $8,353 in the 90232 zip code, while the lowest is $5,718 in the 90230 zip code. These property taxes directly impact homeowners' financial planning and overall cost of living. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By analyzing individual property assessments and market conditions, Ownwell identifies discrepancies and advocates for fairer tax rates, helping homeowners save significantly on their property tax bills.

Property Tax Bills Across Culver City, California

Source: Ownwell

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$823

$26,956

$53,089

Average Culver City Tax Bill

$6,235

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 Culver City, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90230$2,285$3,341$5,718$8,584$13,333
90232$3,130$5,105$8,353$13,555$19,007

Source: Ownwell

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