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Downey, Los Angeles County, California Property Taxes

  • Median Downey, CA effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the CA state median of 1.21%.

  • Median Downey, CA home value: $440,454

  • Median annual Downey, CA tax bill: $5,293, $2,893 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles calculated?

Property taxes in Downey, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Downey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Downey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Downey, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$5,374

$4,986

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Downey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Downey with just two data points. By entering your property's estimated assessed value, our calculator applies Downey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Los Angeles County — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Los Angeles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Downey, Los Angeles County, California

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Downey in Los Angeles County, CA, offers a glimpse into this dynamic. The effective property tax rate in Downey is noteworthy when compared to other cities in California. The city showcases a median property tax rate of 1.22%, which is slightly higher than the national median rate of 1.02%. Within the city, the highest median tax rate is found in the 90242 zip code with a rate of 1.23%, while the lowest is in the 90240 zip code at 1.22%. These figures underscore the variation in property tax rates even within a single city, reflecting the broader trends seen across the state and the nation. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Downey, Los Angeles County, California

Source: Ownwell

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1.08%

1.43%

1.78%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Downey Tax Rate

1.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Los Angeles County Tax Rate

1.24%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Downey, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902401.17%1.19%1.22%1.26%1.45%
902411.18%1.19%1.22%1.27%1.44%
902421.18%1.20%1.23%1.28%1.45%
90239N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Downey, Los Angeles County, California

When examining property taxes in Downey, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Los Angeles County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Los Angeles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Downey.

For example, the median home price in Downey is $440,454, with tax bills ranging significantly across the county. Zip code 90240 has the highest median home price at $487,212.

Property Tax Assessment Values Across Downey, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Downey Market Value

$440,454

Median Los Angeles County Market Value

$434,238

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Downey, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90240$155,604$312,818$487,212$683,538$908,052
90241$150,526$295,414$460,817$649,209$838,713
90242$143,631$263,471$390,636$543,278$699,332
90239N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Downey, Los Angeles County, California

In Downey, 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 assessed value is influenced by the market value of the property and any improvements made. Homeowners in Downey face a median tax bill significantly higher than the national median of $2,400, with local bills ranging from $3,555 at the 25th percentile to $9,294 at the 90th percentile. The highest median tax bill in the area is $5,807 in the 90240 zip code, while the lowest is $4,722 in the 90242 zip code. These figures reflect the impact of property taxes on homeowners, highlighting the importance of accurate assessments. Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax obligations. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners pay a fair amount, providing significant savings and reducing the financial burden of property taxes.

Property Tax Bills Across Downey, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Downey Tax Bill

$5,293

Median Los Angeles County Tax Bill

$5,343

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Downey, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90240$2,111$3,874$5,807$7,965$10,371
90241$2,017$3,676$5,545$7,629$9,667
90242$1,880$3,301$4,722$6,404$7,997
90239N/AN/AN/AN/AN/A

Source: Ownwell

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