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La Verne, California Property Taxes

The median property tax rate in LA VERNE, CA is 1.20%, slightly lower than the California state median of 1.21% but still higher than the national median of 0.99%. With the median home value in LA VERNE at $449,604, the typical annual property tax bill reaches $4,825, significantly exceeding the national median of $2,690. Property taxes in LA VERNE 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 LA VERNE'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 VERNE 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 Verne, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.2%

Estimate Property Tax Bill

$5,395

$5,007

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in LA VERNE, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VERNE is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within LA VERNE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VERNE 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 VERNE's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 91750 zip code has the highest median property tax rate of 1.20%, while the 91750 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with LA VERNE 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 La Verne, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average La Verne Tax Rate

1.20%

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 Verne, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
917501.15%1.17%1.20%1.26%1.42%

Source: Ownwell

Property Tax Assessment Values Across La Verne, California

In LA VERNE, 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 VERNE, 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 VERNE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in LA VERNE is $449,604, with tax bills ranging from $2,792 at the 25th percentile to $10,103 at the 90th percentile. The highest and lowest median tax bill in the city is $4,825 in the 91750 zip code.

Property Tax Assessment Values Across La Verne, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average La Verne Assessed Value

$449,604

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 Verne, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91750$150,307$276,362$449,604$693,600$907,689

Source: Ownwell

Property Tax Bills Across La Verne, California

Property tax bills in LA Verne, located in Los Angeles County, CA, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is generally a percentage of the property's market value. For homeowners in LA Verne, this means that the median home price of $449,604 heavily influences their property tax bills. Tax bills in this area range significantly, with the 25th percentile at $2,792 and the 75th percentile at $7,646, while the 90th percentile reaches $10,103. These taxes can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell can help alleviate this burden by offering expert property tax appeal and exemption services. By thoroughly reviewing your property’s assessed value and identifying potential discrepancies, Ownwell can help you lower your tax bill, ensuring you only pay what is fair. This can lead to significant savings and a lighter financial load for homeowners.

Property Tax Bills Across La Verne, California

Source: Ownwell

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$823

$26,956

$53,089

Average La Verne Tax Bill

$4,825

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 Verne, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91750$1,078$2,792$4,825$7,646$10,103

Source: Ownwell

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