La Mirada, California Property Taxes
The median property tax rate in La Mirada, 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 La Mirada at $422,537, the typical annual property tax bill reaches $5,253, exceeding the national median of $2,690. Property taxes in La Mirada 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 La Mirada'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 La Mirada 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
La Mirada, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,408
$5,108
$1,148
Average La Mirada, California Tax Savings
Ownwell’s La Mirada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in La Mirada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in La Mirada 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 La Mirada. 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 La Mirada, California
Property taxes in La Mirada, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Mirada is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within La Mirada set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Mirada 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 La Mirada's effective property tax rate to other counties in California and the national median. For comparison, the 90638 zip code has the highest median property tax rate of 1.28%, while the 90638 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with La Mirada 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 La Mirada 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 La Mirada, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90638 | 1.22% | 1.24% | 1.28% | 1.36% | 1.63% |
Source: Ownwell
$1,148
Average La Mirada Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Mirada, California
In LA Mirada, 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 LA Mirada, 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 highest median tax bill in LA Mirada is $5,253 in the 90638 zip code, which is also the lowest median tax bill. 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 La Mirada, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average La Mirada Assessed Value
$422,537
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 La Mirada, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90638 | $114,132 | $259,687 | $422,537 | $616,513 | $767,103 |
Source: Ownwell
$1,148
Average La Mirada Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Mirada, California
In La Mirada, located in Los Angeles County, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in La Mirada is $422,537, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, leading to fluctuations in tax bills. For instance, tax bills in La Mirada range from the 25th percentile at $3,409 to the 90th percentile at $9,051, with the highest median tax bill recorded at $5,253 in the 90638 zip code. Homeowners in La Mirada can benefit significantly from Ownwell's property tax appeal and exemption services. By analyzing your property's assessed value and identifying discrepancies or over-assessments, Ownwell can help reduce your tax bill, ensuring you pay only your fair share. This can lead to substantial savings, providing financial relief and peace of mind.
Average La Mirada Tax Bill
$5,253
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 La Mirada, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90638 | $1,760 | $3,409 | $5,253 | $7,458 | $9,051 |
Source: Ownwell
$1,148
Average La Mirada 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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