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Diamond Bar, California Property Taxes

The median property tax rate in Diamond Bar, 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 Diamond Bar at $484,500, the typical annual property tax bill reaches $6,085, exceeding the national median of $2,690. Property taxes in Diamond Bar 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 Diamond Bar'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 Diamond Bar 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

Diamond Bar, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.28%

Estimate Property Tax Bill

$6,202

$5,755

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Diamond Bar, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Diamond Bar is 1.28%, higher than the U.S. national median of 0.99%. Local government entities within Diamond Bar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Diamond Bar 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 Diamond Bar's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91765 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these rates compare with Diamond Bar 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 Diamond Bar, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Diamond Bar 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 Diamond Bar, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
917651.19%1.22%1.28%1.34%1.42%

Source: Ownwell

Property Tax Assessment Values Across Diamond Bar, California

In Diamond Bar, 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 Diamond Bar, 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 Diamond Bar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 91765 has both the highest and lowest median tax bill, both at $6,085.

Property Tax Assessment Values Across Diamond Bar, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Diamond Bar Assessed Value

$484,500

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 Diamond Bar, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91765$207,815$317,182$484,500$734,312$997,083

Source: Ownwell

Property Tax Bills Across Diamond Bar, California

In Diamond Bar, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Diamond Bar is $484,500. Property tax rates are applied to this assessed value to determine the annual tax bill. The median property tax bill in Diamond Bar is $6,085, which is significantly higher than the national median property tax rate of 0.99%. Factors such as home improvements and market conditions can influence the assessed value, thereby affecting the tax bill. For homeowners, this can mean substantial annual costs. Ownwell can help homeowners in Diamond Bar save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing comparable property values and identifying potential discrepancies in the assessment, Ownwell can assist in reducing the assessed value, leading to lower tax bills. This can result in significant savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Diamond Bar, California

Source: Ownwell

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$823

$26,956

$53,089

Average Diamond Bar Tax Bill

$6,085

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 Diamond Bar, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91765$2,856$4,159$6,085$8,913$11,867

Source: Ownwell

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