Lebec, California Property Taxes
The median property tax rate in Lebec, CA is 1.18%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Lebec at $266,943, the typical annual property tax bill reaches $3,042, surpassing the national median of $2,690. Property taxes in Lebec are calculated based on the tax assessed value, which often falls below the market value thanks to exemptions like the primary residence and agricultural exemptions. Understanding Lebec'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 Lebec 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
Lebec, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$3,150
$2,923
$1,148
Average Tax Savings
Ownwell’s Lebec Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebec with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebec 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 Lebec. 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 Lebec, California
Property taxes in Lebec, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebec is 1.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lebec set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebec 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 Lebec's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the zip code 93243 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Lebec 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 Lebec Tax Rate
1.18%
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 Lebec, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93243 | 0.66% | 0.96% | 1.18% | 1.20% | 1.24% |
Source: Ownwell
$1,148
Average Lebec Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lebec, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lebec, CA. 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 Lebec, 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 Lebec helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lebec are both $3,042, found in the 93243 zip code.
Average Lebec Assessed Value
$266,943
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 Lebec, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93243 | $64,859 | $99,907 | $266,943 | $393,742 | $527,770 |
Source: Ownwell
$1,148
Average Lebec Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lebec, California
In Lebec, located within Los Angeles County, CA, property tax bills are calculated based on the assessed value of the home. The median home price in Lebec is $266,943, and property taxes are determined by multiplying this assessed value by the local tax rate. Factors such as property improvements, market conditions, and neighborhood changes influence the assessed value. Homeowners in Lebec can expect tax bills varying significantly, with the 25th percentile at $1,902 and the 90th percentile reaching up to $5,681. The median tax bill stands at $3,042, which is above the national median property tax rate of 0.99%. These tax bills can be burdensome for homeowners, but Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge inaccurate assessments and secure potential savings. This can result in reduced tax bills, ensuring that homeowners only pay their fair share. With Ownwell's support, navigating the complexities of property taxes becomes more manageable and cost-effective.
Average Lebec Tax Bill
$3,042
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 Lebec, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93243 | $285 | $1,902 | $3,042 | $4,072 | $5,681 |
Source: Ownwell
$1,148
Average Lebec 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 | November 30 |
| 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.