Florence, California Property Taxes
The median property tax rate in Florence, CA is 1.21%, aligning with the California state median but considerably higher than the national median of 0.99%. With the median home value in Florence at $523,430, the typical annual property tax bill reaches $6,336, significantly exceeding the national median of $2,690. Property taxes in Florence are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Florence'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 Florence 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
Florence, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Florence, California Tax Savings
Ownwell’s Florence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florence 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 Florence. 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 Florence, California
Property taxes in Florence, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florence is 1.21%, notably higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Florence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florence 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 Florence's effective property tax rate to other counties in California and the national median. For comparison, the 97439 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Florence 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 Florence Tax Rate
1.21%
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 Florence, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97439 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
$1,148
Average Florence Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Florence, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Florence, California. 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 Florence, 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. The median home price in Florence is $523,430, with the highest and lowest median tax bills both recorded at $6,336 in the 97439 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Florence, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average Florence Assessed Value
$523,430
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 Florence, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97439 | $523,430 | $523,430 | $523,430 | $523,430 | $523,430 |
Source: Ownwell
$1,148
Average Florence Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Florence, California
In Florence, 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 Florence is $523,430, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Florence face a median property tax bill of $6,336, significantly higher than the national median property tax rate of 0.99%. High property tax bills can be a financial burden for homeowners. This is where Ownwell can assist. By providing professional property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to substantial savings on property tax bills. With expertise in navigating the complexities of property tax regulations, Ownwell maximizes the potential for reducing the financial impact on homeowners in Florence.
Average Florence Tax Bill
$6,336
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 Florence, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97439 | $6,336 | $6,336 | $6,336 | $6,336 | $6,336 |
Source: Ownwell
$1,148
Average Florence 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 | December 2 |
| 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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