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Monterey Park, Los Angeles County, California Property Taxes

  • Median Monterey Park, CA effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.

  • Median Monterey Park, CA home value: $424,341

  • Median annual Monterey Park, CA tax bill: $5,405, $3,005 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles County calculated?

Property taxes in Monterey Park, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Monterey Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monterey Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monterey Park, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.32%

Estimate Property Tax Bill

$5,601

$5,198

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Monterey Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monterey Park with just two data points. By entering your property's estimated assessed value, our calculator applies Monterey Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Los Angeles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monterey Park, Los Angeles County, California

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Monterey Park in Los Angeles County, California, has an effective property tax rate that is higher than the national median of 1.02%. The rates in Monterey Park are slightly above the state median, indicating a relatively consistent tax landscape within the city compared to other areas in California. The highest and lowest median tax rates in Monterey Park, found in zip codes 91755 and 91754 respectively, show minimal variation, suggesting a stable tax environment. This stability can be advantageous for property owners seeking predictability in their tax liabilities. Comparing these rates to the national median property tax bill of $2,400 highlights the importance of understanding local tax nuances.

Property Tax Rates Across Monterey Park, Los Angeles County, California

Source: Ownwell

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1.08%

1.43%

1.78%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Monterey Park Tax Rate

1.32%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Los Angeles County Tax Rate

1.24%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monterey Park, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
917541.25%1.27%1.31%1.39%1.61%
917551.26%1.29%1.32%1.38%1.59%

Source: Ownwell

Property Tax Assessment Values Across Monterey Park, Los Angeles County, California

When examining property taxes in Monterey Park, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Los Angeles County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Los Angeles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monterey Park. For example, the median home price in Monterey Park is $424,341, with tax bills ranging significantly across the county. Zip code 91755 has the highest median home price at $428,878.

Property Tax Assessment Values Across Monterey Park, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Monterey Park Market Value

$424,341

Median Los Angeles County Market Value

$434,238

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monterey Park, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91754$107,447$237,705$421,634$635,842$843,730
91755$110,018$251,729$428,878$637,000$816,027

Source: Ownwell

Property Tax Bills Across Monterey Park, Los Angeles County, California

In Monterey Park, 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 median home price in this area is $424,341, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in Monterey Park experience property tax bills that range significantly. For instance, tax bills at the 25th percentile are around $3,208, whereas those at the 75th percentile reach up to $8,005. The 90th percentile tax bills can be as high as $10,319, with the highest median tax bill in the 91755 zip code being $5,511. These figures are notably higher than the national median property tax bill of $2,400, reflecting the impact of local property values and tax rates. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they do not overpay. By leveraging expert knowledge and local data, Ownwell can effectively reduce the financial burden of property taxes for Monterey Park residents.

Property Tax Bills Across Monterey Park, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Monterey Park Tax Bill

$5,405

Median Los Angeles County Tax Bill

$5,343

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Monterey Park, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91754$1,704$3,119$5,322$7,993$10,395
91755$1,710$3,370$5,511$8,040$10,236

Source: Ownwell

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