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Manhattan Beach, California Property Taxes

The median property tax rate in Manhattan Beach, CA is 1.14%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $1,301,961, the typical annual property tax bill in Manhattan Beach reaches $14,455, significantly exceeding the national median of $2,690. Property taxes in Manhattan Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Manhattan Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Manhattan Beach 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

Manhattan Beach, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.14%

Estimate Property Tax Bill

$14,842

$13,773

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Manhattan Beach, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manhattan Beach is 1.14%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Manhattan Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manhattan Beach 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 Manhattan Beach's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the zip code 90266 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these figures compare with Manhattan Beach 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 Manhattan Beach, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Manhattan Beach Tax Rate

1.14%

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 Manhattan Beach, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902661.11%1.12%1.14%1.18%1.33%

Source: Ownwell

Property Tax Assessment Values Across Manhattan Beach, California

In Manhattan Beach, 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 Manhattan Beach, 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 Manhattan Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $14,455 in zip code 90266.

Property Tax Assessment Values Across Manhattan Beach, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Manhattan Beach Assessed Value

$1,301,961

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 Manhattan Beach, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90266$204,581$604,552$1,301,961$2,362,360$3,640,358

Source: Ownwell

Property Tax Bills Across Manhattan Beach, California

In Manhattan Beach, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the Los Angeles County Assessor's Office. The assessed value is typically a percentage of the market value and can be influenced by factors such as recent home sales and improvements. Homeowners in Manhattan Beach face varying property tax bills, with the 25th percentile at $6,959 and the 75th percentile at $25,801. The highest median tax bill in the area can reach up to $14,455, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can be a substantial financial burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their assessments are fair and accurate. This can lead to significant savings on property tax bills, making homeownership more affordable. Homeowners can rely on Ownwell's expertise to navigate the complexities of property tax assessments and secure the best possible outcome.

Property Tax Bills Across Manhattan Beach, California

Source: Ownwell

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$823

$26,956

$53,089

Average Manhattan Beach Tax Bill

$14,455

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 Manhattan Beach, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90266$2,636$6,959$14,455$25,801$39,198

Source: Ownwell

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