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Marina Del Rey, California Property Taxes

The median property tax rate in Marina del Rey, CA is 1.16%, which is higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $919,241, the typical annual property tax bill in Marina del Rey reaches $10,457, significantly surpassing the national median of $2,690. Property taxes in Marina del Rey are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marina del Rey'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 Marina del Rey or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Marina Del Rey, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.16%

Estimate Property Tax Bill

$10,663

$9,895

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Marina del Rey, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marina del Rey is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Marina del Rey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marina del Rey 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 Marina del Rey's effective property tax rate to other areas in Los Angeles County and the national median. For comparison, the 90292 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Marina del Rey 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 Marina Del Rey, California

Source: Ownwell

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1.08%

3.89%

6.71%

Average Marina Del Rey Tax Rate

1.16%

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 Marina Del Rey, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902921.15%1.15%1.16%1.17%1.19%

Source: Ownwell

Property Tax Assessment Values Across Marina Del Rey, California

In Marina del Rey, 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 Marina del Rey, 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 Marina del Rey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 90292 has both the highest and lowest median tax bills, each amounting to $10,457.

Property Tax Assessment Values Across Marina Del Rey, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Average Marina Del Rey Assessed Value

$919,241

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 Marina Del Rey, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90292$389,687$612,498$919,241$1,339,894$2,055,383

Source: Ownwell

Property Tax Bills Across Marina Del Rey, California

In Marina del Rey, Los Angeles County, property tax bills are calculated based on the assessed value of a home, which is influenced by its market value. The median home price in this area stands at $919,241. Homeowners typically see tax bills ranging from $6,977 at the 25th percentile to $15,143 at the 75th percentile, with the highest median tax bill recorded at $10,457 in the 90292 zip code. These taxes fund essential public services, including schools and infrastructure. Factors such as property improvements and market fluctuations can impact the assessed value, thereby affecting the tax bill. With a national median property tax rate of 0.99%, Marina del Rey's property taxes can be notably higher, putting a significant financial burden on homeowners. Ownwell helps homeowners save on their property tax bills by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Marina Del Rey, California

Source: Ownwell

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$823

$26,956

$53,089

Average Marina Del Rey Tax Bill

$10,457

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 Marina Del Rey, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90292$4,516$6,977$10,457$15,143$23,357

Source: Ownwell

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