Cypress, California Property Taxes
The median property tax rate in Cypress, CA is 1.22%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $473,600 in Cypress, the typical annual property tax bill reaches $3,487, significantly exceeding the national median of $2,690. Property taxes in Cypress are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences. Understanding Cypress's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cypress 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
Cypress, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$5,778
$5,362
$1,148
Average Tax Savings
Ownwell’s Cypress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cypress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cypress 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 Cypress. 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 Cypress, California
Property taxes in Cypress, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cypress is 1.22%, notably higher than the U.S. national median of 0.99%. Local government entities within Cypress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cypress 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 Cypress's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the zip code 90630 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Cypress 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 Cypress Tax Rate
1.22%
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 Cypress, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90630 | 1.17% | 1.20% | 1.22% | 1.28% | 1.48% |
Source: Ownwell
$1,148
Average Cypress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cypress, California
In Cypress, 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 Appraisal District 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 Cypress, 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 Cypress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Cypress's median home price stands at $473,600, with median tax bills ranging from $1,198 to $9,426. The zip code 90630 has the highest and lowest median tax bill at $3,487.
Average Cypress Assessed Value
$473,600
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 Cypress, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90630 | $180,707 | $387,682 | $473,600 | $688,846 | $886,085 |
Source: Ownwell
$1,148
Average Cypress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cypress, California
In Cypress, Los Angeles County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, the median home price in Cypress is $473,600, which significantly impacts the annual property tax bill. Homeowners in this area can expect property tax bills to range from $1,198 at the 25th percentile to $9,426 at the 90th percentile, with the highest median tax bill being $3,487 in the 90630 zip code. Given that the national median property tax rate is 0.99%, Cypress homeowners may find their property tax burdens relatively high. Ownwell can assist by providing expert property tax appeal and exemption services, ensuring that homeowners are not overpaying. By analyzing the assessed value and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, offering significant savings and financial relief.
Average Cypress Tax Bill
$3,487
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 Cypress, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90630 | $470 | $1,198 | $3,487 | $6,552 | $9,426 |
Source: Ownwell
$1,148
Average Cypress 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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