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Palos Verdes Peninsula, Los Angeles County, California Property Taxes

  • Median Palos Verdes Peninsula, CA effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.

  • Median Palos Verdes Peninsula, CA home value: $1,132,608

  • Median annual Palos Verdes Peninsula, CA tax bill: $12,581, $10,181 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles calculated?

Property taxes in Palos Verdes Peninsula, 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 Palos Verdes Peninsula’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palos Verdes Peninsula, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Palos Verdes Peninsula, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$12,685

$11,772

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palos Verdes Peninsula Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palos Verdes Peninsula with just two data points. By entering your property's estimated assessed value, our calculator applies Palos Verdes Peninsula’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 Palos Verdes Peninsula, Los Angeles County, California

Local government entities set tax rates, which can vary significantly within a state. Annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In the Palos Verdes Peninsula, located in Los Angeles County, the effective property tax rate stands at 1.12%. This rate aligns with the highest and lowest median tax rates in the area, reflecting a consistent approach to taxation within the region. When compared to the national median property tax rate of 1.02%, Palos Verdes Peninsula's rate is slightly higher, indicating a greater financial commitment to local services and infrastructure. However, it remains competitive within the state of California, where property tax rates can vary widely. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Palos Verdes Peninsula, 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 Palos Verdes Peninsula Tax Rate

1.12%

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 Palos Verdes Peninsula, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
902741.07%1.09%1.12%1.19%1.45%

Source: Ownwell

Property Tax Assessment Values Across Palos Verdes Peninsula, Los Angeles County, California

When examining property taxes in Palos Verdes Peninsula, 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 Assessor 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. Assessment notices: 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 Palos Verdes Peninsula. For example, the median home price in Palos Verdes Peninsula is $1,132,608, with tax bills ranging significantly across the county. 90274 has the highest median home price at $1,132,608.

Property Tax Assessment Values Across Palos Verdes Peninsula, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Palos Verdes Peninsula Market Value

$1,132,608

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 Palos Verdes Peninsula, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
90274$203,220$618,236$1,132,608$1,624,066$2,361,057

Source: Ownwell

Property Tax Bills Across Palos Verdes Peninsula, Los Angeles County, California

In Palos Verdes Peninsula, property tax bills are calculated based on the assessed value of the property, which is determined by the Los Angeles County Assessor's Office. This assessed value is typically a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Palos Verdes Peninsula face a median property tax bill significantly higher than the national median, with figures reaching up to $12,581 in certain areas. Several factors influence the tax bill, including changes in market value, improvements made to the property, and local tax levies. These high property tax bills can place a considerable financial burden on homeowners. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing assessment data and market trends, Ownwell can help reduce the assessed value, potentially lowering the tax bill. This service can offer homeowners substantial savings, easing the financial strain of property taxes.

Property Tax Bills Across Palos Verdes Peninsula, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Palos Verdes Peninsula Tax Bill

$12,581

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 Palos Verdes Peninsula, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
90274$2,902$6,899$12,581$17,611$24,776

Source: Ownwell

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