La Palma, California Property Taxes
The median property tax rate in LA PALMA, CA is 1.21%, aligning with the California state median but significantly higher than the national median of 0.99%. With a median home value of $450,720 in LA PALMA, the typical annual property tax bill amounts to $5,179, far exceeding the national median of $2,690. Property taxes in LA PALMA are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence exemption. Navigating LA PALMA's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of LA PALMA or another part of the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
La Palma, 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 La Palma, California Tax Savings
Ownwell’s LA PALMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PALMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PALMA 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 PALMA. 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 Palma, California
Property taxes in LA PALMA, California, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in LA PALMA stands at 1.21%, which is significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within LA PALMA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PALMA 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 PALMA's effective property tax rate to other counties in California and the national median. For comparison, the 90623 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 LA PALMA 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 Palma 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 La Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | 1.16% | 1.17% | 1.21% | 1.36% | 1.55% |
Source: Ownwell
$1,148
Average La Palma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Palma, California
In LA PALMA, 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 PALMA, 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 LA PALMA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in LA PALMA is $5,179 in the 90623 zip code, while the lowest median tax bill is also $5,179 in the same zip code.
Property Tax Assessment Values Across La Palma, California
Source: Ownwell
$54,919
$1,436,037
$2,817,155
Average La Palma Assessed Value
$450,720
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 Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | $104,152 | $177,311 | $450,720 | $690,920 | $842,479 |
Source: Ownwell
$1,148
Average La Palma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Palma, California
In La Palma, property tax bills are calculated based on the assessed value of your home, which is determined by the Los Angeles County Assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in La Palma is $450,720, and property tax bills can range significantly. For instance, the tax bill at the 25th percentile is $2,277, while at the 75th percentile, it reaches $7,977, and at the 90th percentile, it can go as high as $9,613. These figures highlight the variability in property tax bills, influenced by factors such as property improvements, neighborhood changes, and market trends. Homeowners in La Palma can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify discrepancies and help you file an appeal. This process often results in a lower assessed value, thereby reducing your annual tax bill and providing significant savings.
Average La Palma Tax Bill
$5,179
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 Palma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90623 | $1,605 | $2,277 | $5,179 | $7,977 | $9,613 |
Source: Ownwell
$1,148
Average La Palma 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 | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.