Lomita, California Property Taxes
The median property tax rate in Lomita, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Lomita at $491,317, the typical annual property tax bill reaches $5,787, exceeding the national median of $2,690. Property taxes in Lomita 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 Lomita'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 Lomita 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
Lomita, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$6,092
$5,654
$1,148
Average Tax Savings
Ownwell’s Lomita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lomita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lomita 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 Lomita. 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 Lomita, California
Property taxes in Lomita, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lomita is 1.24%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Lomita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lomita 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 Lomita's effective property tax rate to other counties in California and the national median. For comparison, the 90717 zip code has the highest median property tax rate of 1.24%, while the lowest median tax rate is also 1.24% in the same zip code. Understanding how these cities compare with Lomita 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 Lomita Tax Rate
1.24%
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 Lomita, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90717 | 1.19% | 1.21% | 1.24% | 1.31% | 1.54% |
Source: Ownwell
$1,148
Average Lomita Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lomita, California
In Lomita, 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's Office 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 Lomita, 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 Lomita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lomita is $491,317, with tax bills ranging from $3,541 at the 25th percentile to $10,374 at the 90th percentile. Notably, the zip code 90717 has the highest and lowest median tax bill, both at $5,787.
Average Lomita Assessed Value
$491,317
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 Lomita, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90717 | $145,018 | $306,140 | $491,317 | $709,542 | $887,700 |
Source: Ownwell
$1,148
Average Lomita Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lomita, California
In Lomita, located in Los Angeles County, CA, property tax bills are determined by the assessed value of the property multiplied by the local tax rate. With the median home price at $491,317, homeowners can expect varying tax bills. For example, the tax bill at the 25th percentile is $3,541, while at the 75th percentile, it rises to $8,240. The highest median tax bill in the area is $5,787, consistent across all zip codes, including 90717. Several factors influence these amounts, such as property improvements, market conditions, and local tax rates. These taxes can significantly impact homeowners, making it essential to manage them effectively. Ownwell specializes in helping homeowners reduce their property tax bills through expert appeals and exemptions. By analyzing your property's assessed value and comparing it to market trends, Ownwell can identify discrepancies and advocate for a fairer tax assessment, potentially saving you thousands of dollars annually.
Average Lomita Tax Bill
$5,787
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 Lomita, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90717 | $1,662 | $3,541 | $5,787 | $8,240 | $10,374 |
Source: Ownwell
$1,148
Average Lomita 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 | |
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